Ralph Tashjian - Page 7

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               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 a            

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