Self Heating and Cooling, Inc., Transferee - Page 3

                                        - 3 -                                         
          the correct amount of excise tax on fuel it purchased and sold.             
          Thereafter, a five-count criminal information was filed against             
          Mr. Self, Jr., charging him with, inter alia, conspiracy to                 
          defraud the United States by impeding, impairing, obstructing,              
          and defeating the Internal Revenue Service in the computation,              
          assessment, and collection of fuel excise taxes during 1991 and             
          1992, wire fraud arising from a scheme to defraud the                       
          Commonwealth of Pennsylvania of oil company franchise taxes and             
          the State of New Jersey of motor fuel and gross receipts taxes,             
          and mail fraud arising from a scheme to defraud the Commonwealth            
          of Pennsylvania of oil company franchise taxes.  On or about                
          March 24, 1993, Mr. Self, Jr., entered into a plea agreement with           
          the U.S. attorney and pleaded guilty.  On July 27, 1994, a                  
          judgment of conviction was entered sentencing Mr. Self, Jr., to 5           
          years of probation and the payment of $15,250 in penalties.  A              
          judgment of conviction was also entered against Self Oil                    
          requiring it to pay a $45,000 fine and a forfeiture penalty of              
          $243,900.                                                                   
               Petitioner, Self Heating and Cooling, Inc., is a                       
          Pennsylvania corporation organized on September 29, 1994, and               
          engaged in the business of selling fuel oil and related                     
          activities.  On October 1, 1994, petitioner issued 100 shares of            
          its stock to Mr. Self, Jr., and Jeanette A. Self, his wife, and             
          100 shares to Jonathan Self.                                                






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