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Mr. Daimler and Ms. Mondragon personally used the foregoing funds
that were deposited into the TCB account, even though such funds
constituted income of Dieter Electronics. They did not report
the diverted corporate checks as dividend income from the Company
in their joint returns for the years at issue.
Mr. Daimler knowingly diverted the following amounts of
corporate funds from Dieter Electronics for the years indicated
by depositing diverted corporate cash into the German account:
Amount of
Year Diverted Corporate Cash
1989 $31,050
1990 94,615
1991 52,500
1992 46,500
Mr. Daimler and Ms. Mondragon personally used the foregoing funds
that were deposited into the German account, even though such
funds constituted income of Dieter Electronics. They did not
report the diverted corporate cash as dividend income from the
Company in their joint returns for the years at issue.
Dieter Electronics failed to report taxable income in the
amounts of $35,020, $31,382, $47,446, and $51,775 for the taxable
years ended January 31, 1990, January 31, 1991, January 31, 1992,
and January 31, 1993, respectively, because those funds were
diverted from it to the TCB account, the personal account of its
stockholders Mr. Daimler and Ms. Mondragon. Dieter Electronics
failed to report taxable income in the amounts of $38,050,
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