Kamil F. and Nagwa Gowni - Page 5

                                        - 5 -                                         
          Messrs. Gowni and Mansour commingled the funds of these                     
          corporations and generally treated the corporations’ bank                   
          accounts as one account.                                                    
               A.  Mansour Enterprises, Inc.                                          
               In March 1989, Mr. Mansour and his brother, Sam Mansour,               
          organized Mansour Enterprises, Inc. (Mansour Enterprises), as a             
          Florida corporation.  Mansour Enterprises purchased a gasoline              
          station located in Mt. Dora, Florida, and operated it as an Amoco           
          gasoline station until sometime in 1998.  The gasoline station              
          included a snack shop and a repair facility with an automobile              
          mechanic on the premises.  Mansour Enterprises filed a corporate            
          income tax return for 1996 and reported $53,400 of ordinary                 
          income from its operations for that year.                                   
               B.  Mansour’s of Mount Dora, Inc.                                      
               In November 1989, Mr. Mansour and his brother organized                
          Mansour’s of Mount Dora, Inc. (Mansour’s of Mt. Dora), as a                 
          Florida corporation.  Mansour’s of Mt. Dora owned the building              
          next to the gasoline station owned by Mansour Enterprises and               
          leased it to a car detail shop and a hair salon during 1996,                
          1997, 1998, and 1999.  This building was also used for storage.             
               C.  Pyramid of Lake County, Inc.                                       
               In October 1992, Pyramid of Lake County, Inc. (Pyramid), was           
          organized as a Florida corporation.  Messrs. Gowni and Mansour              
          owned and operated Pyramid.  Pyramid owned a gasoline station in            






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