Following the loss of his job as a sales engineer, claimant began receiving unemployment insurance benefits after he filed an original claim, effective August 18, 2003. On November 3, 2003, claimant became a director and the corporate secretary of a closely held corporation formed with his wife and two acquaintances for the purpose of operating a restaurant franchise. Claimant continued to receive benefits after the corporation was formed but did not disclose the activities...
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