ANN McMANAMON, J.
Harvey L. Rieth ("the claimant") applied for unemployment compensation in June 1981 after his business, Rieth Automotive Supply Co., suffered financial losses. On his application for benefits, the claimant disclosed his ownership of the Fleetwise Co., the parent company of the auto parts business, and stated on a separate form:
"I am President of Fleetwise Co. I am the owner. I have not worked for the company since 4-11-81. I own 85% of the...
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