- 10 - Petitioner does indicate that his claim is somehow based upon transactions in which Mark Tietig pledged certain securities as collateral in order to help petitioner secure loans from banks. In support of petitioner’s argument, he submitted a handwritten accounting sheet entitled “Mark E. Tietig Accounting”.13 On the accounting sheet, the “beginning balance” before June 6, 1991, is listed as $445,000. Petitioner did not explain how this figure was derived. A check number appears next to most, but not all, of the reported payments. There is nothing on the accounting sheet to indicate what entity made the payments, and petitioner did not provide copies of the checks or bank statements. If the payments were, in fact, made, then some or all of the payments could have been made by corporations controlled by petitioner, rather than petitioner himself. For instance, the very first payment reflected on the accounting sheet is a $54,230 payment made by Eureka Field Nursery on June 6, 1991. That check was written on and drawn from Eureka Field Nursery’s bank account. Mark Tietig testified that Eureka Field Nursery owed him approximately $256,000 and that he had fully collected that debt. Thus, additional payments reflected on the accounting sheet, if made, may have come from and on behalf of a debt owed 13See appendix C. The author of the accounting sheet and the date of its creation are unknown.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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