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Mrs. Gandy disbursed most of the other funds in cash, in bundles
of $100 bills, at petitioners' residence.
Bank Accounts
During 1986, petitioners maintained two personal bank
accounts at the First State Bank of Ben Wheeler styled "Carolyn
or Dennis Gandy" (account No. 80-0255-0 and account No.
29-8816-0). During the 10 days in March 1986 that account No.
29-8816-0 was open, petitioners deposited two checks from
mortgage borrowers and one nursery check in the amount of
$13,871.25; they closed the account and transferred the balance
to open account No. 80-0255-0. During the approximately 4-month
period during 1986 that petitioners used account No. 80-0255-0,
they deposited a total of $428,285.42, including the transfer of
$15,052.60 from account No. 29-8816-0, proceeds of 13 checks from
mortgage borrowers, two nursery checks, and five deposits of
currency, the largest of which was $10,000; they distributed the
majority of the funds to mortgage borrowers.
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