Harold Wapnick - Page 4




                                        - 4 -                                         
          lending businesses by entering data on a personal computer in               
          petitioner’s basement.                                                      
          B.   Petitioner’s 13 Corporations                                           
               Petitioner established the following 13 corporations:  Best            
          Medicare of Brighton, Big John Cab Corp., Centurion Taxi, Inc.,             
          Collie Trans. Corp., Downey Cab Corp., D & S Jewelry Corp., Egret           
          Trans. Corp., Eleemosynary Cab Corp., Juice Taxi Co., Inc., Macar           
          Service Corp., Oxus Taxi Inc., Poodle Trans. Corp., and Tree Top            
          Cab Corp. (the 13 corporations).                                            
               Petitioner had accounts at Republic National Bank of New               
          York (Republic Bank) for the 13 corporations.  The mailing                  
          address for the 13 corporations was petitioner’s home.                      
          Petitioner was a stockholder in, and officer of, all of them.               
          The 13 corporations did not do business, maintain books and                 
          records, hold annual meetings, issue financial statements, pay              
          salaries or dividends, have employees, or file Federal or State             
          corporate tax returns.                                                      
               When petitioner established the 13 corporations, he used               
          employer identification numbers (EINs) of former clients or                 
          numbers that he created.  He did not obtain EINs for the 13                 
          corporations from the Federal government.  At the time of trial,            
          Wolfson did not know the names of any of the 13 corporations.               
               Petitioner deposited amounts that he earned into the bank              
          accounts for the 13 corporations.  Republic Bank paid interest on           






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