Paul Mifsud and Maria G. Mifsud - Page 25




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               By way of further illustration of testimony of Mr. Mifsud              
          that we found to be implausible, inconsistent with and not                  
          supported by objective evidence in the record, and not credible             
          Mr. Mifsud testified that his father owned a very large, eight-             
          bedroom house in Malta, which, according to Mr. Mifsud, his                 
          father sold for 30,000 pounds in 1952, or $146,400 at the then              
          prevailing exchange rate of $4.88 per pound.  Maltese official              
          records show only two purchases and one sale of real property by            
          Mr. Mifsud's father and one sale by Mr. Mifsud and certain of his           
          family members.  In November 1929, Mr. Mifsud's father purchased            
          a house in Malta for 570 pounds.  In April 1937, he sold that               
          house for 270 pounds.  In September 1938, Mr. Mifsud's father               
          purchased another house in Malta for 350 pounds.  In 1966, Mr.              
          Mifsud, along with his mother, three brothers, and a sister sold            
          a house in Malta for 2,600 pounds, or $7,254 at the exchange rate           
          in effect in 1966 of $2.79 per pound.                                       
               We also found implausible, not supported by objective                  
          evidence in the record, and not credible Mr. Mifsud's testimony             
          that although his father did not have to work since he brought              
          with him approximately $500,000 from Malta in 1951, he decided to           
          take a position about a year after he emigrated to the United               
          States when he was 48 years old as a head waiter at a hotel in              
          Detroit because he was bored.  We simply do not believe that Mr.            
          Mifsud's father would have undertaken such physically demanding             





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