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Year No. of Checks Total Received Amount Cashed Amount Deposited
1991 18 $21,097 $18,955 $2,142
1992 53 64,824 58,847 5,977
1993 168 230,322 224,830 5,492
During the years in issue, Mrs. Vetrano knew that
petitioner’s income was derived principally from his
automobile parts business. She was also aware of the
payments that he received from BMAP. She played a role in
negotiating the checks that petitioner received from BMAP.
During 1991 and 1993, she signed or countersigned checks in
the aggregate amounts of $7,650 and $52,157, respectively.
During 1993, she also cashed 34 checks in the aggregate
dollar amount of $48,203 at the race track where she was
employed. Finally, during 1993, she signed a check in the
amount of $2,603 and deposited it into a bank account that
she maintained at Mid Atlantic Bank.
Mrs. Vetrano handled the couple’s household finances.
She made deposits into the separate checking accounts
maintained by herself and her husband, and she signed
checks drawn on both accounts to pay household expenses.
The deposits that she made into the couple’s separate
checking accounts consisted mostly of cash and were in
amounts that approximated the couple’s monthly bills. She
obtained the cash for her monthly deposits by cashing her
own payroll checks and by asking petitioner for cash.
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Last modified: May 25, 2011