-14-
incorporated into summary financial reports that Zeve presented
orally at petitioner’s monthly meetings. Petitioner’s members
unanimously approved these oral financial reports. However, it
turned out that Zeve and Popovic had understated the net proceeds
by $93,665.
Popovic and Zeve did not report on the daily yellow bingo
sheets the amounts that they had diverted for renovating the
Elyria Hall, nor did they inform petitioner that they were
diverting bingo receipts for the renovations.
During the years in issue, Popovic owned Paint and Paper
Place, a business in Avon Lake, Ohio. Paint and Paper Place
issued nine invoices to petitioner, dated between June 18, 1985,
and September 18, 1985, totaling $1,834.41, for paint supplies
for renovating the Elyria Hall. All Electric Contractors, Inc.,
billed Popovic $3,767.04 for electrical work on the Elyria Hall.
Swart Signs billed Popovic $60 for a Variety Club bingo sign for
the Elyria Hall. AXP Rental billed Popovic $162. for unspecified
rentals for the renovation of the Elyria Hall from February 7,
1986, through March 28, 1986. Popovic paid all or part of these
invoices himself with money diverted from petitioner’s bingo
games at Zeve’s direction. These invoices were neither presented
to nor paid by petitioner, nor were Popovic’s payments later
ratified by petitioner. During the years in issue, Popovic also
paid bingo funds as compensation to bingo workers. Payments to
the bingo workers were not authorized or ratified by petitioner.
Page: Previous 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 NextLast modified: May 25, 2011