Ernst L. Meier - Page 3




                                        - 3 -                                         
               From 1988 through 1995, petitioner’s primary residence was             
          located in Germany, but petitioner also maintained a rental                 
          residence in Garland, Arkansas.                                             
               Between 1988 and 1993, petitioner and Garland Farms, Inc.              
          (Garland Farms), another Arkansas corporation that petitioner               
          established and that petitioner also appears to have controlled,            
          acquired a number of farm properties located in Arkansas and                
          Louisiana for the purpose of dividing the properties into smaller           
          parcels and leasing the properties to farmers (tenant farmers),             
          which in fact occurred.                                                     
               Petitioner was the initial president of Garland Farms.  The            
          sole direct shareholder of Garland Farms apparently was Bitola              
          Co. Establishment (Bitola), a Liechtenstein corporation, the                
          stock ownership in which was not credibly established at trial.             
               In July of 1988, Alexander Frick nominally became the                  
          president of Garland Farms, but Frick simultaneously executed a             
          power of attorney on behalf of Garland Farms authorizing                    
          petitioner to control and operate Garland Farms, under which                
          power of attorney petitioner also had the power to control the              
          funds of Garland Farms.  Frick did not testify at the trial.                
          During the years 1988 through 1996, various employees of Garland            
          Farms regarded petitioner as the owner and/or general manager of            
          Garland Farms.                                                              








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