- 14 -
transferred $820,000, from the Syntex account to the personal
Swiss bank account.
On May 31, 1996, Beaudry made a second wire transfer, of
$331,616, from the CITCO account to the Medifor account. Beaudry
then transferred $309,010 from the Medifor account to the Syntex
account. On or about June 11, 1996, Bussell transferred $309,010
from the Syntex account to the personal Swiss bank account.
Approximately 1 month after the second transfer, the Bussells
made another trip to Zurich, Switzerland.
After these transfers into the Syntex account took place,
Kusch was notified by Swiss Bank Corp. about the transfers. He
then went to Swiss Bank Corp. on October 21, 1996, and formally
resigned as the Syntex account’s investment advisor.
VIII. Failure To File Tax Returns
For most of the relevant years, the accounting and
bookkeeping services for the Bussells and BBL were performed by
Steve Berson (Berson). Berson knew that BBL was profitable and
was required to file Federal income tax returns for 1992, 1993,
1994, and 1995. Berson prepared a draft 1993 Federal income tax
return for BBL that reported a tax liability. Bussell directed
Berson not to finalize or file that return. Berson notified
petitioner of this decision and the fact that BBL was in a
delinquent filing status. Petitioner did not want to pay any tax
on BBL’s income, and Berson was instructed to file false Federal
Page: Previous 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 NextLast modified: May 25, 2011