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or accounting. She kept her and Mr. Reaves' personal accounts
and records.
Mr. and Mrs. Reaves had three children: Sandra, born in
1962; Tina, born in 1966; and Mike, born in 1967 or 1968. Mike
Reaves raised and sold livestock.
Mr. and Mrs. Reaves had two personal accounts at Southern
National Bank of North Carolina (Southern National) in Rowland,
North Carolina. One was in the name of George K. and Linda L.
Reaves. The other was in the name of Reaves Farm. In 1986, Mrs.
Reaves inadvertently deposited a $10,197 payment to Reaves
Livestock for the sale of cattle in one of the Reaves' personal
accounts.
Mr. and Mrs. Reaves had a conservative lifestyle during the
years in issue. They generally took no vacations other than at
their beach house. From 1986 to 1993, Mr. Reaves drove a 1986
Ford pickup truck that belonged to Reaves Livestock. Mrs. Reaves
owned a 1983 Oldsmobile before 1986 until 1988.
2. Reaves Livestock, Inc.
a. General Business Activities
Reaves Livestock bought livestock from farmers and sold it
to packing companies.
Mr. Reaves usually arrived at work at the Reaves Livestock
barn at 7 or 7:30 a.m. He often left the barn around 8 a.m. to
attend livestock sales. He returned around 8 p.m. and usually
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