-210-
Transfer Amount Appendix
1983 (loans) $407,458 11
1984 (loans) 909,000 12
1983 (retainer fees) 24,000 13
1984 (retainer fees) 24,000 14
1984 (loans) 161,000 15
Total 1,525,458
Exh. 9078; Petitioners’ Reply Brief at 654-655.
Kanter’s personal bank account records for the period
December 1982 through December 1984 show that Kanter made
withdrawals for his personal benefit and the benefit of his
family. Exh. 5408 (items 1-730); Petitioners’ Reply Brief at
652-653.
As of October 31, 1987, Kanter had outstanding loans from
TACI totaling $1,346,641. Exh. 9113; Petitioners’ Reply Brief at
656-657.
As discussed, supra pp. 64-65, TACI filed for bankruptcy in
February 1988. Lawrence Korrub, TACI’s bankruptcy attorney,
never received the records that TACI maintained for Kanter and
his related entities because Gallenberger sent TACI’s books and
records, including the bank statements and canceled checks
related to the TACI Special E and TACI Special Accounts, to
Kanter. Gallenberger, Transcr. at 1970-1973. There is no
evidence of notes for any of the funds transferred from the TACI
accounts to Kanter’s personal bank account, nor is there any
Page: Previous 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 NextLast modified: May 25, 2011