Jerry Lee Harvey - Page 18




                                        - 18 -                                         

               In order to prepare for the hearing in Florida, Kibort                  
          continued to follow up on several leads.  At petitioner's bond               
          hearing, Kibort learned from Young's testimony that petitioner               
          had transferred money to Panama.  Kibort also learned that a                 
          $65,000 check payable to petitioner from Ellis was negotiated at             
          BCCI in Panama.  Furthermore, Kibort learned that when petitioner            
          was arrested in St. Louis, he had in his possession a business               
          card of his banker, Hussain, who was an employee of BCCI, and an             
          address book that showed the account No. ML-49 on one of the                 
          pages.  Kibort also discovered, through FAA records, that                    
          petitioner had sold another aircraft in 1985 for $700,000, and               
          $670,000 of that was wired to BCCI in Panama to account No. ML-              
          49.                                                                          
               All this information Kibort was gathering was solely in                 
          preparation for the hearing regarding the termination                        
          assessments.  Kibort was not working on anything related to                  
          petitioner's criminal tax prosecution.  The District Court upheld            
          the termination assessments in October 1987.                                 
               After the decision on the termination assessments was                   
          received, Kibort considered initiating a jeopardy assessment that            
          would cover the taxable years for which petitioner was under                 
          criminal tax investigation.  In order to do the jeopardy                     
          assessment, Kibort needed the approval of several high officials             
          in the IRS, including someone representing the Collection                    





Page:  Previous  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  Next

Last modified: May 25, 2011