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ledgers, check disbursement records, cash receipts journals,
income or sales journals, or records of summaries).
Petitioners’ Personal Expenses
During 1995, petitioners spent $2,586.87 a month on personal
expenditures that included, among other things, utilities,
clothing, storage, housewares, automotive, and leisure expenses.
From January through July 1995, petitioners paid $1,700 a month
rent on a residence known as “100/101 Santes”. On or about July
2, 1995, petitioners paid a $1,500 deposit on a rental home
located in Wildomar, California (Wildomar home). From July
through December 1995, petitioners paid $1,190 a month rent for
the Wildomar home.
On or about March 11, 1995, petitioners paid $7,000 in cash
to purchase a Mercedes. On June 27, 1995, petitioners paid off
their Astro minivan with a $2,135 cashier’s check. On August 5,
1995, petitioners purchased appliances for $2,368.02 and $473.02.
During 1995, petitioners purchased an Acura NSX for $40,000 in
cash.
Petitioners’ Bank Accounts
Petitioners maintained bank accounts at Great Western Bank.
As of January 1, 1995, petitioners had a zero balance in their
accounts.
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Last modified: May 25, 2011