- 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 a
Page: 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