S. Robert Davis - Page 17




                                       - 17 -                                         

               On January 6 and 7, 1985, the bid and asked prices for                 
          registered, publicly traded Strata stock were $4.50 and $4.75,              
          respectively.                                                               
               Mr. Davis claimed a $190,000 charitable contribution                   
          deduction on the 1985 return for the donation of the Strata stock           
          to ODC.  The 1985 return fully disclosed the contribution of the            
          Strata stock to ODC on Form 8283, Noncash Charitable                        
          Contributions.  Attached to the 1985 return also were Mr. Davis'            
          letter to the president of ODC (Sister Mary Andrew), Sister Mary            
          Andrew's acknowledgment letter, and a certificate, signed by                
          Sister Mary Andrew, concerning her understanding of the                     
          application of rule 144 of the Securities Act of 1933 to the                
          donated stock.                                                              
          Mr. Davis' Legal Expenses                                                   
               1.   Squirrel Bend Litigation/Mail Fraud                               
               From 1968 through 1985, with the exception of a 10-12 month            
          period during 1980 and 1981, Mr. Davis resided on Squirrel Bend             
          Road in the City of Upper Arlington, Ohio.  This area is known as           
          "Squirrel Bend".                                                            
               In the spring of 1981, Mr. Davis constructed a waterline               
          along Squirrel Bend to provide fire protection for the                      
          neighborhood.  In accordance with procedures set forth by the               
          City of Upper Arlington for construction of the waterline, Mr.              







Page:  Previous  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  Next

Last modified: May 25, 2011