-26- discussing with the decedent the specifics of the assets which he owned. Gonzalez, and to a lesser extent Polachek, became knowledgeable of the specifics of the decedent’s vast wealth, and Gonzalez in conjunction with Polachek deliberately undertook to maximize their receipt of that wealth by, among other things, undervaluing his assets and excluding assets from the taxable estate. Receipts and canceled checks show that the decedent bought from Mamiye and Lloyds (primarily at its Fifth Avenue store in New York) various assets which included diamonds, rubies, sapphires, and emeralds, either loose or as pieces of jewelry, and ivory, jade, rugs, furniture, and Chinese artifacts. We set forth these receipts and checks in four categories. a. Receipts From Lloyds to the Decedent Lloyds gave to the decedent nine receipts reflecting $1,421,000 of merchandise that it sold to him during 1988 and 1989. Three of the nine receipts relate to purchases of $650,000 made on January 16, 1988. One of the nine receipts relates to purchases of $235,000 made on May 4, 1988. One of the nine receipts relates to purchases of $235,000 made on May 5, 1988. Three of the nine receipts relate to purchases of $276,000 made 13(...continued) 33 years old, respectively.Page: Previous 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Next
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