United States v. Peter Pomponio, Paul Pomponio

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• explaining that the “principal question” relevant to a tax evasion prosecution based on mischaracterized loan payments is whether those payments “were not [actually] loans, that is, that no intent to repay them existed, and that the defendants knew they were not loans”
• finding sufficient evidence that various advances were not loans where there was no fixed repayment date, no notes evidencing the debt, no security backing it, and no interest charged or paid on the amount
• loan not treated as income for tax purposes where borrower intends to repay

Source: CourtListener parenthetical corpus (CC0).