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Name of Account 1986 1987 1988
Second Kennebunk White Star
checking account -- -- 70,950
Total 1,308,949 2,637,058 2,135,264
Petitioners treated the funds in the Indian Head business
savings account and the 1988 Indian Head business savings account
over which they had complete control as their own funds, and they
used those funds for personal expenditures.
Ms. Olbres maintained cash receipts journals (cash receipts
journals), cash disbursements journals (cash disbursements
journals), petty cash journals (petty cash journals), and
payroll journals (payroll journals) for Design Consultants and/or
White Star. Around 1975, Wilson P. Dennett (Mr. Dennett), an
accountant retained by petitioners, created the format for, inter
alia, the cash receipts journals and showed Ms. Olbres how to
maintain those journals.
When Design Consultants and/or White Star billed a client
for services rendered, Mr. Olbres wrote a draft of an invoice,
and Susan Rubenstein, who worked for petitioners at Design
Consultants and White Star as a secretary from December 1986
through June 1988, and/or another member of the office staff
typed that invoice and mailed it to the client. Three copies of
each invoice were made, one of which was kept in the office of
Design Consultants and/or White Star, one of which was sent to
Ms. Olbres at petitioners' house, and one of which was sent to
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