In the Matter of Murray Packing Co., Inc., Bankrupt.joseph Pagano, Appellant, v. Milton E. Sahn, Trustee in Bankruptcy for Murray Packing Co., Inc., Appellee, 414 F.2d 795 (2d Cir. 1969)

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US Court of Appeals for the Second Circuit - 414 F.2d 795 (2d Cir. 1969) Argued June 11, 1969
Decided August 5, 1969

Daniel H. Greenberg, New York City, for appellant.

Edgar H. Booth, Booth, Lipton & Lipton, New York City, for appellee.

Before MOORE, SMITH and ANDERSON, Circuit Judges.


The appellant, Joseph Pagano, has been confined since May 28, 1963 (except for a temporary period of release for seven months) on a finding of contempt which arose out of his failure to comply with a turn-over order following proof that, within ten months immediately preceding the adjudication in bankruptcy of Murray Packing Co. of which Pagano was president, he abstracted $745,000 in fifty and one hundred dollar bills. Pagano admitted his one time possession of the money and is, therefore, not attacking the original turn-over order. He claims that he lost the entire sum in dice games in New York and Las Vegas with persons unknown at specific places, undisclosed or unknown.

The trial court found Pagano's denial of present possession and his explanation to be incredible. Maggio v. Zeitz, 333 U.S. 56, 76, 68 S. Ct. 401, 92 L. Ed. 476 (1948); O'Hagan v. Blythe, 354 F.2d 83, 85 (2 Cir. 1965). We find no error in this conclusion.

The order of the District Court is affirmed.