money secured by false representation that “lenders” would become part owners of various enterprises, where taxpayer never intended to repay “loans,” constitutes taxable income
How later courts described this case
- money secured by false representation that “lenders” would become part owners of various enterprises, where taxpayer never intended to repay “loans,” constitutes taxable income
- police officer lied to IRS about accepting graft money
- venue for cancellation of citizenship
- mailing of notice of tax deficiency
Written by the judges who cited it.
The opinion
Supreme Court of New Jersey. Cer-tiorari denied.