Michael London - Page 7

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                                  1984              31,614,968.77                                       
                                  1985              40,767,857.96                                       
                                  Total:            156,278,250.28                                      

                      M.L. Associates issued Forms W-2, Wage and Tax                                    
               Statement, to petitioners' children, Roanna and Terrence,                                
               for 1983, 1984, and 1985.  The Forms W-2 report that each                                
               child was paid $3,600, $3,900, and $3,900 for 1983, 1984,                                
               and 1985, respectively.                                                                  


               Petitioner's Criminal Activity                                                           
                      On August 6, 1969, the police raided Heller's Cafe.                               
               They arrested Mr. Isadore London for "allowing his premises                              
               to be used for gaming", and they arrested petitioner for                                 
               "setting up and promoting a lottery".  In September 1969,                                
               the U.S. District Court for the District of Massachusetts                                
               found petitioner and his father guilty of those offenses.                                
                      Mr. London and his father were arrested a second time                             
               in 1974.  On November 7, 1974, they were indicted and on                                 
               July 24, 1975, they pleaded guilty to unlawfully,                                        
               knowingly, and willfully conducting an illegal gambling                                  
               business in violation of title 18 U.S.C. sections 1955 and                               
               2.  They were each sentenced to 2 years in prison.  The                                  
               sentences were suspended and they were placed on probation                               








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