- 3 -
about October 5, 1984. They filed their 1984 return on or about
October 17, 1985. Randy Hall, Inc. (Randy Hall), a corporation
in which petitioner was a shareholder, filed its 1982 Federal
income tax return for its fiscal year ended January 31, 1983, on
April 30, 1983. Randy Hall filed its 1983 Federal income tax
return for its fiscal year ended January 31, 1984, on April 28,
1984.
Randy Hall manufactured T-shirts and ladies sportswear.
During the subject years, its common stock was owned equally by
Mr. Feinsmith, Carl Perry (Mr. Perry), and Donald Rosenthal (Mr.
Rosenthal). Mr. Feinsmith served as its president and production
manager. Mr. Perry served as its secretary/treasurer and
salesman. Mr. Rosenthal served as its vice president and
designer. Randy Hall’s shareholders during its fiscal year ended
January 31, 1981, were Mr. Perry, Mr. Rosenthal, and Samuel
Mandel (Mr. Mandel). Mr. Feinsmith replaced Mr. Mandel as a
Randy Hall shareholder towards the end of 1982 and began working
for Randy Hall at that time. Mr. Mandel retired at the same
time.
During its fiscal years ended January 31, 1981, 1983, and
1984, Randy Hall participated in a massive false invoice scheme
(the scheme) in which it bought invoices listing falsely that it
purchased yarn from various vendors. The scheme was promoted by
Schnejer Zalman Gurary, Nochum Sternberg (Gurary’s son-in-law),
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011