- 13 -
Petitioner authorized Mr. Yoon to take any remaining proceeds
from the authorized checks as salary. The following table sets
forth the checks which petitioner authorized Mr. Yoon to cash:
Date Check Negotiated Check Amount
4/13/88 $5,222.20
7/8/88 7,000.00
8/1/89 500.00
9/8/89 6,000.00
9/26/89 5,500.00
9/26/89 5,500.00
Total 29,722.20
There were two additional checks for which petitioner doubted the
authenticity of his signature, but other circumstances indicated
that it was the kind of check which petitioner would have
authorized Mr. Yoon to cash, keeping the firm's net proceeds as
compensation. These checks are as follows:
Date Check Negotiated Check Amount
3/21/89 $7,000
3/21/89 7,000
Total 14,000
tems 18 through 101 and 104 through 164 were not signed by
petitioner but were endorsed by a signature stamp of petitioner's
name. Petitioner never authorized the endorsement of any check
by signature stamp.
The Mitsui Manufacturers Bank Client Trust Account
Petitioner had a client trust account at Mitsui
Manufacturers Bank from November 30, 1987, through December 31,
Page: Previous 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 NextLast modified: May 25, 2011