- 3 - I. The Unreported Income During 1990, and at all relevant times before and after that year, the Paus operated a real estate development, management, and brokerage business as sole proprietors doing business as d.b.a. Sand Hill Property Co. (Sand Hill). Petitioner was actively engaged in the real estate management and development side of the business; Susanna was largely concerned with commercial real estate purchases and sales. Susanna generally dealt with major commercial properties, and most of her clients hailed from Hong Kong and Japan. Despite separate roles in Sand Hill, petitioners worked together and were aware of each other's transactions. Petitioner began working as a developer in 1979, having earned a bachelor's degree in civil engineering from the University of California at Berkeley in 1975 and a master's degree in construction management from Stanford University in 1976. Susanna earned a bachelor's degree in business administration and accounting from the University of California at Berkeley in 1974. A. The Stockton Street Property Transaction In March of 1990, Susanna brokered the sale of real property located at 39 Stockton Street in San Francisco, California (the Stockton Street property). Meiyan Enterprises, Inc. (Meiyan), sold the property to Sanrio, Inc. (Sanrio), a Japanese company, for use as a retail outlet. The sale generated a broker'sPage: 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