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$179,000.
On January 15, 2002, Counsel issued an advisory opinion to
Revenue Officer Baustert approving his request to file a nominee
NFTL against the Claremore property. The January 15, 2002,
opinion listed the following facts in support of its conclusion
authorizing the filing of a nominee NFTL: (1) The Claremore
property was purchased free and clear at a time when petitioner
had considerable amounts of cash that he had earned illegally;
(2) title to the Claremore property is in the name of a close
relative, i.e., petitioner’s mother; (3) petitioner had admitted
to a revenue officer that he owns a partial interest in the
Claremore property; (4) petitioner had paid the property taxes on
the residence and had lived in the residence for many years; (5)
petitioner has a history of placing property that he owns in the
names of other persons or entities; (6) petitioner failed to
produce affidavits from his brothers and sisters confirming under
oath that they have an ownership interest in the Claremore
property; (7) petitioner’s ex-wife filed a quitclaim deed
releasing any ownership interest that she held in the property in
April 1990; and (8) Counsel had already authorized on similar
facts the filing of a nominee NFTL against certain New Jersey
condominiums titled in the name of petitioner’s wife.
On January 17, 2002, Mr. Baustert filed a nominee NFTL
against the Claremore property with the County Clerk, Rogers
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