- 19 -
petitioners told Klimkiewicz that there was a box in which the
proceeds from the Newman property and other cash savings were
kept, and that only Michael had access to this box. Michael told
Klimkiewicz that he alone had a key to the box, and that he alone
knew the amount of cash in the box. He also provided to
Klimkiewicz a typed statement he had prepared, indicating that,
as of January 1, 1994, he had accumulated a cash hoard of roughly
$180,000 in the box. When Klimkiewicz asked petitioners at this
meeting how much cash remained in the box at that time, Michael
told her that, while he did not know the exact amount of cash
remaining in the box, she could determine the amount by
subtracting out--presumably from the roughly $180,000 cash hoard
that he said at this meeting had been in the box at the beginning
of 1994--the amount that she was proposing as an understatement;
the resulting amount would be the amount of cash remaining in the
box as of that date. At trial, Michael testified that there was
roughly $60,000 to $70,000 in the box at the beginning of 1994,
and that he ran out of money in the box a year after he bought
the Metairie Court property.
Also at the July 1997 meeting, Michael provided to
Klimkiewicz a written statement in which he indicated that he did
not use any of his cash savings from the time he was 12 until the
beginning of 1994.
Page: Previous 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 NextLast modified: May 25, 2011