- 13 -
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.
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