- 4 - was counted first and removed from the table. After all the money was counted, the charities would generally issue checks to Mrs. Jenkins and ARJay for the rent and bingo equipment, respectively. On financial reports, generally prepared by petitioner, the attendance, expenses, and profits were reported. Hood deposited the rent checks issued to Mrs. Jenkins (i.e., by endorsing the checks in Mrs. Jenkins’s name) and checks issued to ARJay into a bank account in the name of Robert C. Hood, d.b.a. ARJay Bingo Supplies (ARJay account). Both petitioner and Hood had signature authority over the ARJay account. Petitioner and Hood operated bingo games with the East Carters Valley Ruritan Club (Ruritan Club) during 1994 and 1995. In exchange for their services, petitioner and Hood received payments relating to the purchase and rental of bingo equipment and a percentage of the profits. The bingo games were generally held twice a week at the Weber property. As with the Jasper property, ARJay leased the building from Mrs. Jenkins on a monthly basis for $500 and subleased it to the Ruritan Club for $489 per night. The Ruritan Club bingo games were conducted in the same manner as JVFD bingo games. In 1996, the Ruritan Club terminated its affiliation with petitioner and Hood, ceased bingo operations at the Weber property, and moved its bingo operations to another building. That same year, one of its members, Kathy Babb, informed thePage: Previous 1 2 3 4 5 6 7 8 9 10 Next
Last modified: May 25, 2011