Hoyt Fiasco: $103M Heist + Kevin Brown's
Victim information, evidence, rules of law, IRS viewpoints
|Why did the IRS lead prosecuting attorney in the Hoyt case quit in disgust?|
7/22/92 (Excerpts Only)(Settlement Committee Efforts)
Memo from Drobny Law Office (partners settlement committee attorney)
To: Raymond Spillman (District Director, Internal Revenue Service).
Thank you for your letter of July 16, 1992, responding to my letter of June 19, 1992. Unfortunately, your letter raised some serious concerns on my part which I will outline below.
My initial contact with Chris Coones of Appeals appeared to be promising: Mr. Coones indicated to me that this is what he had hoped for, for the past two (2) years: face-to-face negotiations with Hoyt Investors, independent of Walter J. Hoyt, III.
All of this time and resourceswere invested in a good faith attempt to come to a complete resolution, in reliance on the IRS dealing in good faith.
Unfortunately, it is now clear that theIRS was not negotiating in good faith. In fact, it is now clear that while the IRS has purported to be "negotiating" with my clients, the IRSs intent all along has been to accept nothing less than the terms of their current offer.
That is not negotiating- what does the IRS think my clients will do, enter into negotiations that result in theirpaying more?
Evidence of (2) above is clear. On June 11, 1992, my clients essentially had the door slammed in their face.
Suddenly, discussions began anew!
Again, we secured Mr. Hoyts comments to meet face-to-face with the Appeals personnel on Friday, July 17, 1992.
Then, after my clients secured those commitments from Mr. Hoyt, William McDevitt prepared a letter to the investors dated the day before Mr. Hoyts scheduled meeting advising all of the investors that the Settlement Committees offers and efforts are unacceptable and that the investors have to either accept the current IRS offer, or go to trail. In addition, Mr. McDevitt did not ever have the courtesy of advising the Committee that he was terminating negotiations, before mailing his letter dated July 16, 1992 to all Hoyt Investors.
In conclusion, it certainly appears that my clients were not dealt with in good faith, and in fact, were used to pressure Jay Hoyt into settlement.
Very truly yours.
Mark S. Drobny
LETTER OF INTENT
I WALTER J. HOYT III, hereby state that:
Saturday, September 28, 2013
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