August 25, 2014

April 1989 - Did I Really Hear That?

From Robinson C. Ramsey of Wharton, this excerpt from a deposition in a divorce case; Rob is questioning the husband about a family estate trust that wenty awry."

Q. When did you find out it was not the right thing to do?

A. When I wound up in jail.

Q. When was that?

A. I don't really remember when that was, I don't remember.

Q. Do you remember approximately how long it was from the time you initially set up the trusts?

A. I don't know if that was a couple of years after that, or I really don't remember when that was.

Q. What were the circumstances that led to your winding up in jail?

A. It was - we were trying to, for lack of better words, hide income. In other words - and in doing that, we got audited ... It started when we got audited, and then the IRS agent that came to the house.