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Margaret was aware of the existence of these items at either the
time David received them or when the 1984 and 1985 returns were
filed. David and Margaret reported none of these amounts on
their 1984 and 1985 returns.
While David was in county jail, and prior to Margaret's
signing the 1984 and 1985 returns, he revealed to her the
location of separate keys to unlock the file cabinets and
briefcases where he kept his business records, in order for her
to help him obtain release on bail. In the file cabinets and
briefcases, Margaret found "stacks of papers" related to
"everything David had been involved in for years." She also
located David's business checkbook. Furthermore, each month
throughout the period of her husband's incarceration in county
jail, Margaret observed letters addressed to her husband or
Hitech containing account statements from Security Pacific and
Merrill Lynch.
At the time she signed the 1984 and 1985 returns, Margaret
questioned David about why the returns contained no income
reflecting the money that he had given her in those years. She
stated that he gave her
such a bizarre explanation that I don't think I could
even repeat it, I mean what he told me. * * * It was
something along the fact that it had been investment--
that he had investments in * * * [Hitech] that had been
lost and this was return, or something along those
lines. * * * it just didn't make sense to me.
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Last modified: May 25, 2011