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of * * * money that he had taken out of the box. It was just
every time we came up with a specific expenditure item that * * *
[petitioner] had, he stated that the money came out of the
ammunition box.” At trial, under cross-examination petitioner
testified that he removed a total of approximately $72,000 from
the ammunition box in 1990. Yet this figure is double the amount
implied by the source and application of funds computations on
which petitioner and respondent agree. On brief petitioner
reproduces the results of those computations as follows:
1990
reported income4 $42,229
unreported income 21,698
63,927
reported expenses 100,590
Amount I borrowed
from estate funds -36,663
If, as petitioner maintains, he borrowed money from his father’s
inheritance with the understanding that he was obligated to repay
it, presumably he would have kept track of how much debt he was
incurring.
Petitioner questions the plausibility of respondent’s
explanation for the amounts in controversy. He asserts that,
owing to severe crop damage caused by Hurricane Hugo in 1989, his
4 “Reported income” is a mischaracterization. This amount
corresponds to the total available funds reported. See the
schedule set forth in our Findings of Fact.
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