In re Preferred Computer Trading Corp.

Appeal from a decision of the Unemployment Insurance Appeal Board, filed June 13, 1989, which ruled that certain sums transferred by the employer to its sole shareholder constituted remuneration.

The record fails to contain any convincing proof that the money received by Robert Freund, the sole shareholder of Preferred Computer Trading Corporation, was a loan. Instead the evidence indicates, as the Unemployment Insurance Appeal Board found, that the money constituted remuneration for services Freund rendered (see, Labor Law § 517). For *1032example, Freund testified that he "sleep[s], eat[s] and…