- 7 - reasonably matches the statements for those purchases Cox made from Concord by check. (And the Commissioner has conceded those expenses.) We infer from that that the ledger is accurate when it shows that cash--even cash obtained by cashing checks at grocery stores and gas stations--was going to Concord on a regular basis to pay for cars. Cox also insisted the owners of Concord give him receipts, and he kept them too--fortunately not stuffing them into the missing duffel bag. Those receipts also match--not perfectly, but in more than enough instances for us to believe that the ledger and remaining records are legitimate. Cox also credibly explained why he didn’t just write checks to Concord. As he told it, his relationship with Concord had begun with his making payments by check, but there were times that his business account had insufficient funds, or at least insufficient collected funds, to make the checks good. This made Concord’s owners leery of accepting his checks and for most of 2000 they demanded that he pay cash, accepting checks only occasionally when he warned them that he was short, and they agreed to hold off presenting them for payment. And the existing documents also show combinations of checks to Concord and cash payments totaling about $2000/week, which corroborates Cox’s testimony. Cox also credibly explained his practice of cashing checks made out to himself or his wife--he did so because SpillerPage: Previous 1 2 3 4 5 6 7 8 9 10 Next
Last modified: May 25, 2011