Opinion ID: 184858
Heading Depth: 3
Heading Rank: 5

Heading: The Circular Checks

Text: 23 JSG issued 35 checks, totaling approximately $62,000, made payable to A. Gentile. These checks were not deposited in a bank account controlled or owned by the Gentiles. Instead, they were endorsed in the name of A. Gentile by JSG's bookkeeper, and redeposited in a JSG account. Although the checks were circular, in that they ended up back in JSG's account, the ALJ found that the checks were used in JSG's records to indicate that Mr. Goodman was sharing his profit with Mr. Gentile. See ALJ Decision at 30, reprinted in J.A. 45. Further, the ALJ found that sixteen of the checks were shown in JSG's records as reducing a loan that Mr. Gentile owed to JSG. See id.