Peter R. Geddis - Page 9

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          pages.  For example, a “Business Lending Agreement” relating to             
          the $197,050 Wells Fargo loan to PGI in 2000, presumably a three-           
          page document, is missing page two, the key page which would                
          appear to have detailed how the $197,050 loan proceeds were                 
          disbursed.  Further, the bank records which were produced at                
          trial relate only to the existence and repayment of loans in                
          which petitioner allegedly participated but do not indicate that            
          a transfer was ever made by petitioner to Garza or by Garza to              
          Adrical on petitioner’s behalf.                                             
               Even if originals of certain of the documents relating to              
          petitioner’s alleged stock investment in Adrical were lost, as              
          petitioner contends, we are not satisfied that copies or other              
          relevant documentation from either Wells Fargo, PGI, Garza, or              
          Adrical were unavailable.                                                   
               The credible evidence does not establish that Garza, on                
          petitioner’s behalf, ever contributed any funds to Adrical.  In             
          fact, Adrical was not incorporated until September of 1998, more            
          than a year after the time petitioner allegedly transferred funds           
          to Garza for Garza to invest in Adrical on petitioner’s behalf.             
               Also, petitioner has not offered any corporate or public               
          records corroborating that he had an ownership interest in                  
          Adrical.  Without such evidence, the record simply does not                 









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