- 7 - the certificate of limited partnership apparently on behalf of the limited partners. [Citations omitted.] On November 19, 1992, Lumenetics moved to vacate the Court’s decision. On November 23, 1992, that motion was denied. On June 24, 1993, Tasha Corp. (Tasha), a limited partner of Lumenetics, filed a Notice of Election to Participate in the Lumenetics case. Tasha then filed its own motion to vacate the Lumenetics decision, arguing that DiRicco was ineligible to serve as TMP of Lumenetics during the Court proceedings because of his prior felony tax convictions and that DiRicco had conflicts of interest that should have disqualified him from acting as TMP in the Lumenetics case. On May 5, 1995, the Court denied the motion to vacate the Lumenetics decision. On June 5, 1995, Tasha filed a Notice of Appeal of the Tax Court’s denial of its motion to vacate the Lumenetics decision to the U.S. Court of Appeals for the Ninth Circuit. On August 9, 1996, the U.S. Court of Appeals for the Ninth Circuit granted a motion by Tasha for voluntary dismissal of the Notice of Appeal. Criminal Investigation of Petitioner During the 1980s when petitioner was employed by Isgro, Isgro and other promoters in the record industry were the subject of a Federal strike force investigation for involvement in “payola” (the payment of cash or gifts in exchange for airplay of songs), money laundering, and other criminal activity involving the record business. In or about November 1986, the IRS began aPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Next
Last modified: May 25, 2011