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signed checks totaling $38,25431 for personal items, including
cash, travel agencies, hotels, auto services and deposits to
other accounts over which she had signatory authority.
The remaining payments received by petitioner in 1992,
checks totaling $8,800, from services he provided as a
veterinarian and animals that he sold were deposited into the
Cortland Savings account between August and December 1992.
Neither petitioner nor his wife was listed as having signatory
authority over the Cortland Savings account; however, monthly
bank statements were sent to petitioner’s residence, and the
signature card listed petitioner’s address as the account owner’s
address.
During the period from September to December 1992, checks
totaling $8,053 were drawn on the Cortland Savings account. A
majority of those funds, checks totaling $6,458, were deposited
in an account with the Second National Bank of Warren.32 G.
Bodor had signatory authority over the Second National 006
account, and during the years in issue she wrote checks totaling
$94,677 and deposited them into one of two Dollar Savings and
31Consisting of checks totaling $11,534 from the Bank One
855 account and checks totaling $26,720 from the Bank One 863
account.
32Additional checks totaling $825 were used to pay L. R.
Mayer ($125), Control Management ($400), and McMeyers & Ford
($300). We believe these expenses were incurred, in part, to
maintain the appearance of a valid trust arrangement. Most of
the remaining funds were spent on travel expenses.
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