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children. Throughout much of their marriage Margaret and David
endured a near poverty level existence.
Sometime in 1982 or 1983 David started his own company,
Hitech Recovery Systems, Inc. (Hitech). David told Margaret that
Hitech was to engage in the extraction of oil from old oil wells.
Sometime before the spring of 1984, David began working as a
real estate investment adviser for Comstock Financial Services,
Inc. (Comstock Financial), an insurance agency owned and operated
by Roy L. Comstock (Roy Comstock). In the spring of 1984, David
became a corporate officer and vice president of Comstock
Financial, positions which he held through the fall of 1985.
During the spring of 1984, David told Margaret that Comstock
Financial was investing in Hitech.
During the years in issue, and throughout most of her
marriage, petitioner did not share a joint checking account with
David due to his propensity for bouncing checks. Rather,
Margaret maintained her own separate checking accounts at
Security Pacific National Bank (Security Pacific) and Santa
Clarita Bank.
During 1984 and 1985, David maintained a business checking
account under the name of Hitech at Security Pacific. Petitioner
was aware that both her husband and a business associate, Thane
Wilson, were signatories on this account; she, however, was not.
David periodically gave petitioner checks drawn on the Hitech
account and made payable to "Margaret Wiksell", which she
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