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totaling $1,779.05 for the purchase of luggage, briefcases, and
wallets. These checks were deducted as a “miscellaneous”,
“office supplies”, “advertising”, or “trade show” expenses on
TECO’s books.
19. In 1988, Vernon paid for a weight loss program he
participated in with two TECO checks.
20. On their 1988 joint Federal income tax return, the
Griffins claimed a mortgage interest deduction of $30,367 that
they did not pay in 1988.
21. On March 17, 1989, Vernon received a company check for
$39,000. This check was deducted as “raw materials” on TECO’s
books, but it never was used to purchase raw materials. Vernon
deposited the $39,000 check into his Southside Bank account.
22. On March 20, 1989, Vernon wrote a $36,000 check from
his Southside Bank account to the TECO pension plan. This check
was dated December 19, 1988.
23. On March 24, 1989, Vernon received a $2,500 check from
TECO. This check was deducted as “shop supplies” on TECO’s
books.
24. On April 28, 1989, Vernon and Janet purchased a motor
home and made a $12,000 downpayment with a TECO check.
25. On June 30, 1989, Vernon received a check for $800 from
TECO. This check was deducted as a “miscellaneous” business
expense on TECO’s books.
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Last modified: May 25, 2011