-9-
Inc., hereinafter sometimes referred to as SSI, which was
incorporated on or about August 28, 1980. SSI was a subchapter S
corporation. During 1981 and 1982, Robert was chairman of SSI’s
board of directors, Monica was secretary and treasurer, and
Adrian Doyle (hereinafter sometimes referred to as Doyle) was
president. Doyle was in charge of SSI’s marketing operations.
During 1981 and 1982, Robert owned 52 percent of SSI’s common
stock, and Monica and Doyle each owned 24 percent.
Robert had SSI incorporated under Ohio law to market “a
nationwide tax planning system.” SSI’s principal business was
tax shelter investigation and management. During the years in
issue, SSI marketed various tax shelters throughout the United
States through a network of “Chartered Representatives”. At the
height of its business operations, SSI had 115 Chartered
Representatives in 33 States and had about 7,000 clients, about
half of whom invested in tax shelters. After SSI was founded,
SSC became a Chartered Representative for SSI, to market SSI’s
products in the Cincinnati area.
Robert oversaw SSI from both financial and business
standpoints. He worked extensively with SSI’s Chartered
Representatives. Robert also conducted or participated in client
seminars outside of Ohio where he discussed SSI’s organization,
functions, and products.
Page: 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