Bobby E. Welch - Page 13

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          of Star Global.  Star Global had been owned by either Paul Tallis           
          (Mr. Tallis) or Mr. Tallis and petitioner.  Sometime between the            
          end of 1987 and the beginning of 1989, Mr. Tallis sold Star                 
          Global to Mr. Zurn.  Mr. Tallis remained with Star Global until             
          January 1989.  After he acquired an interest in Star Global, Mr.            
          Zurn did not have signatory authority over Star Global's bank               
          account.  Petitioner and his wife had that authority and used the           
          account as their account.  At some point, petitioner became                 
          acquainted with Mr. Antonucci.  Mr. Antonucci did not testify,              
          and there was no explanation as to the reason that he was                   
          unavailable.  Mr. Tallis testified that "He [Mr. Antonucci]                 
          basically was--he ostensibly was there to show us how to do                 
          things like trusts, et cetera.  He was quite a flashy guy.  He's            
          have [sic] a Rolls Royce and--and he'd run his money through our            
          accounts because he--that's what he wanted to do".  There are no            
          documents that connect Mr. Antonucci with any deposits to or                
          subsequent withdrawals from the Star Global bank account.  Mr.              
          Tallis, however, could identify one wire transfer deposit made on           
          January 5, 1989, in the amount of $30,000 and a withdrawal in the           
          amount of $30,000 made on January 9, 1989, from Mr. Antonucci.11            



               11  At first Mr. Tallis identified several other deposits              
          and withdrawals as being part of Mr. Antonucci's transactions.              
          These transactions, however, took place after Mr. Tallis had left           
          Star Global.  Petitioner testified that $14,500 was from Mr.                
          Antonucci.  We have been unable to identify either the deposit or           
          a withdrawal.                                                               




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