Play Meter

l ETTERS Clarification I read the comments in Play Meter made by Bob Rhinehart and Ed Tolisano regarding the new association they are trying to form in Florida. I simply cannot keep quiet about so many distortions of the truth. Rhinehart stated that an independent auditor found nothing more than "sloppy bookkeeping" in his management of FAVA funds. There was no independent auditor because FAVA could not afford one! However, several of the officers, using their own bookkeepers in some instances at no cost to the association, found many discrepancies . Here are a few examples: 1l The FAVA checking account had been frozen by the IRS because certain documents pertaining to our nonprofit status were overdue. The failure to file the document may have been an oversight, but the $1,000 fine levied by the IRS was not reported in the financial statements. When confronted, Rhinehart stated he knew nothing about it, but agreed to reimburse FAVA for the fine. 21 We also found out that Rhinehart had been taking 15 percent of practically all FAVA income without authorization and without showing these payments on the financial statements. When confronted, he said that the payments were approved by the board, but he could produce nothing regarding this matter even though he was responsible for the minutes of the board meetings. None of the past presidents from 1978 on can remember any such payment being discussed. 3) There were several problems with checks signed by Rhinehart with no documentation. Just one example is three checks written on the same day to an unknown woman with no documentation. We haven't to this day found out what these checks were for. While he was authorized to write checks for up to $250 for purchases that couldn't wait for the treasurer's authorization , these LIEBERMAN MUSIC COMPANY Record Division MINNEAPOLIS, MINNESOTA :::. " ,.. ~ LMC Complete Record and Compact Disc One-Stop for Operators Coast to Coast! • Huge selection of Golden Oldies! • We stock a hugh selection of Compact Discs to fill the new CD Jukeboxes! • We have designed set-ups to match your locations musical preferences. • Fast same day shipping on all orders! Local 887-5299 Toll Free 1-800-879-0321 Extensions 248 or 284 Fax(612)887-5656 PLAY METER 12 JANUARY 1992 (Continued on page 14) •• * ••• * • -I ~ checks were over that limit. 4) It was found that stationery, printing, office supplies, etc., were purchased through a company owned by Rhinehart . It was found that Rhinehart had marked these items up and billed FAVA from 50 to 100 percent over what they could be purchased for from other firms . While perhaps not outright fraud, it was at least a gross violation of trust. These are only a few examples of the discrepancies we found. Would you call this just "sloppy bookkeeping?" Now I'd like to address a few other claims by Rhinehart: He claims that our industry never had any serious tax problems until he was terminated. The fact is that our industry had a nearly identical tax as part of the Services Tax passed in 1986. A state legislator told me that if someone had been there to speak for us we would have been deleted from this tax since our industry was such a I -- 1 ONE COUPON * * •••• * • -· - -- -- ONE COUPON rv • * ••••• * ~/ -; I ·- I I ~ :) ,, . -· -- '= ,, • * •••••• ... ..-- ONE COUPON Ir LET REDEMPTION BE YOUR SALVATION! Redemption has NEVER BEEN HOTTER! We're producing more redemption tickets than ever before. The thrill of victory, however small, will bring your customers back to your arcade again and again. (Of course, the big prizes are the ones that they want!) More people are winning their prizes by redeeming NATIONAL TICKETS than ever before. Custom-designed or stock, let us supply you with the WINNING TICKETS. STOCK TICKET PRICES 1 Box 20,000 $47.00 2 Boxes 40,000 $77.00 Each additional box is $30.00 FOB Shamokin, PA 11•••u. ... N~iiona1 TICKET CO HOME OFFICE PO. BOX 547, TICKET AVENUE SHAMOKIN, PA 17672 (717) 648-6803 TOLL·FREE FAX: (800) 326·9320 INTERNATIONAL FAX: (717) 648·9460