- 5 -
TCM sold electronic components provided by manufacturers, or
by intermediaries such as Nissei Sangyo America, Ltd. (NSA), to
manufacturers such as Chrysler. TCM earned commissions on its
sales.
B. Other Business Entities
1. NSA
NSA is an Illinois corporation and subsidiary of Hitachi.
It supplied electronic and mechanical components to car
manufacturers during the years in issue.
2. Camaro
Camaro was incorporated by Philip Lawrence Choy (Choy) under
the laws of Hong Kong on July 19, 1983. Choy was Camaro’s
management nominee.3 Camaro opened a Hong Kong dollar-denominated
checking account and a U.S. dollar-denominated savings account at
the Hongkong & Shanghai Banking Corp., Ltd. (HSBC), in Hong Kong
in July 1983. Petitioner’s initial contact with Camaro was in
1983, through his friend, Richard Adler, whose common law wife,
Kay Adler (also known as Jo Ying Ying or Kay Chou), was one of
3 Kay Chou and her brother-in-law Chen paid Choy, a
registered agent in Hong Kong, to incorporate Camaro, using
nominee companies as Camaro’s shareholders. He substituted the
names of the shareholders in the corporate charter. Camaro was
ready for business the next day. The names of Chou and Chen do
not appear in Camaro’s records because Camaro’s shareholders were
nominee companies. Choy was not an officer of Camaro.
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