- 8 -
Emmens held their wedding at the property and lived there for a
period of time. When petitioner and Emmens decided to move, they
put the Flamango Lakes property up for sale. The purchase of a
new residence, however, was not contingent on the sale of the
Flamango Lakes property. The property was not sold and was
subsequently converted into rental property in June 1984.
Petitioner maintained the monthly rental income records
pertaining to the Flamango Lakes property.
Petitioner and Emmens moved from the Flamango Lakes property
in 1984 to a house in Antiquers Aerodrome (the Aerodrome
property), a development in Delray Beach in which all the homes
have access to a private airstrip. The Aerodrome property, which
was purchased for $250,000 in cash, had four bedrooms, three
baths, a pool, and a hangar in the backyard. The record owner of
the Aerodrome property, however, was Palm Beach Property
Investments, Inc. (Palm Beach Property Investments), which was
incorporated by Kadyszewski. The corporation was used to conceal
the ownership of the Aerodrome property. Although petitioner and
Emmens lived at this property, they did not pay rent to Palm
Beach Property Investments. Further, petitioner was present at a
meeting of the Antiquers Aerodrome homeowner's board where the
titling of the property in a corporate name was discussed.
Petitioner and Emmens lived at the Aerodrome property for 1 year,
and then moved to a residence on Gardenia Street (the Gardenia
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011