Adorno Business Company - Page 7

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          inter alia, a complete copy of a Form 1041, U.S. Income Tax                 
          Return for Estates and Trusts (Form 1041), filed in the name of             
          Adorno Business for 1998.6  The Form 1041, which was executed by            
          Mr. Adorno on September 15, 1999, lists the date the entity was             
          created as December 22, 1995.                                               
               F.  Mr. Adorno’s Response                                              
               Specifically, the Court ordered Adorno Business to produce:            
               (1) a complete copy of the organizational document(s)                  
               related to the creation of petitioner; (2) a complete                  
               copy of all the minutes that preceded in time the                      
               “Minutes of Second Meeting - December 26, 1995” that                   
               was attached to petitioner’s Objection filed September                 
               3, 2002; and (3) any and all other documentation                       
               identifying the fiduciary or other representative                      
               thought to have legal capacity to institute this the                   
               present case on behalf of petitioner.                                  
          Ultimately, the Court received a response, leave for the filing             
          of which was granted, to its order for document production.  Mr.            
          Adorno signed the response as “Edwin R. Adorno, Trustee, Adorno             
          Business Company”.7  Mr. Adorno attached to the response, inter             


               6  Attached to the Form 1041 was a Schedule C, Profit or               
          Loss From Business, indicating the principal business of Adorno             
          Business as “Retail/Used Auto’s”.  Also attached was a Schedule             
          K-1, Beneficiary’s Share of Income, Deductions, Credits, etc.,              
          indicating the beneficiary as “The Adorno Asset Management Trust”           
          (Adorno Asset).  See infra note 12.  At trial, Mr. Adorno                   
          testified that Adorno Business operates its business on a used              
          car lot at 1442 North Western, Chicago, Ill., and that Adorno               
          Business pays rent to Adorno Asset for use of the lot.                      
          Apparently, Adorno Asset is only engaged in the business of                 
          collecting rent from Adorno Business for use of the lot.                    
               7  This was the first time in the record that Mr. Adorno               
          claimed to be the purported trustee of Adorno Business.  At all             
                                                             (continued...)           





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