- 10 - Also, based in part on the statements made by petitioner to Posey on the undercover tapes, respondent’s agent determined how much petitioner received on the sales of marijuana purchased from the Texas source. Respondent’s agent used information from his investigation to reconstruct petitioner’s 1985, 1986, and 1987 income from illegal drug transactions. Respondent’s agent identified certain specific marijuana transactions in which petitioner, Posey, and Cunningham participated during 1985, 1986, and 1987. With respect to each such marijuana transaction, respondent’s agent determined the number of pounds of marijuana purchased, petitioner’s cost for the marijuana, and the sales proceeds and gross profit petitioner received. For example, respondent’s agent determined that petitioner paid on average $275 per pound for the marijuana purchased from the Texas source. Also, to take into account amounts paid by petitioner to the Colonel on the purchase of marijuana from the Texas source, respondent’s agent added $20 per pound, allowing petitioner a total cost of goods sold in the amount of $295 per pound. Where petitioner purchased marijuana from a different source, respondent’s agent used a cost for the marijuana according to information provided by Posey and Cunningham. In calculating petitioner’s gross profits for 1986 and 1987 from illegal drug transactions in which petitioner participated,Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011