The company folded in July 1975, due to unpaid federal and state taxes amounting to $62,000: the Internal Revenue Service padlocked the offices and auctioned off all assets. Many of the label’s master tapes are missing and presumed destroyed.
The company folded in July 1975, due to unpaid federal and state taxes amounting to $62,000: the Internal Revenue Service padlocked the offices and auctioned off all assets. Many of the label’s master tapes are missing and presumed destroyed.