Manuel and Margaret Karcho - Page 10




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                                    Meter Reading                                     
                                   7   21,254.37 +                                    
                                   6   21,835.31 +                                    
                                   5   18,254.49 +                                    
                                   4   20,463.36 +                                    
                                   3   21,646.46 +                                    
                                   2   19,004.57 +                                    
                                   1   18,787.77 +                                    
                                   12  17,315.88 +                                    
                                   11  17,674.56 +                                    
                                   176,236.77 *                                       
          The amounts listed under “Pocket Money” are equal to the monthly            
          totals for the “Net Income” column of the Reconciliation Sheets             
          for 1987.  The amounts under “Meter Reading” are equal to the               
          1987 monthly totals for “Daily Income” on the Reconciliation                
          Sheets (which mirror the cash totals recorded on the daily Meter            
          Readings Sheets for that period).                                           
               In addition to the seized documents, the CID found a safe              
          built into the basement floor of petitioners’ residence, which              
          was empty.  Elsewhere in the residence, the CID found                       
          approximately $10,000 in cash.                                              
          Cash Expenditures and Cashier's Checks                                      
               During the years in issue, petitioners had substantial                 
          amounts of cash at their disposal, and Mr. Karcho frequently used           
          cash and cashier's checks to carry on his personal affairs.  On             
          or about June 4, 1988,  Mr. Karcho purchased an automobile in               
          exchange for which he provided another automobile and $14,000 in            
          cash.  Also in June of 1988, Mr. Karcho sold a 1973 Rolls Royce             






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