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Around 1989, the Lisles moved to Dallas, Texas. During the
year 1989, money from Carlco was deposited in an account
maintained at the North Dallas Bank, Dallas, Texas (North Dallas
account). The mailing address of the North Dallas account was
5519 Bent Trial, Dallas, Texas, which was the address of the
Lisles' Dallas residence. Lisle and his wife had signatory
authority over the North Dallas account. At the end of 1989
there was $123,323 in the account.
e. Kanter: Disposition of Funds out of BWK, Inc.
During the years 1984 through 1989, Kanter and his son,
Joshua Kanter, received a "salary" from BWK, Inc., in the amounts
indicated:
Year Burton Kanter Joshua Kanter
1984 $40,000 --
1985 40,000 $9,000
1986 40,000 13,000
1987 30,000 4,000
1988 30,000 --
1989 30,000 --
Total 210,000 26,000
On April 11, 1985, $400,000 was transferred from BWK, Inc.
to Kanter. The transfer was recorded on BWK, Inc.'s books as a
receivable owed by Kanter. Beginning in 1988, although book
entries continued to show that BWK, Inc., paid Kanter a $30,000
salary, Kanter did not receive the money. Instead, BWK, Inc.,
reduced the $400,000 receivable from Kanter by $30,000 per year.
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