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bonds in his car” when petitioner visited him in the early
1980's. He also saw petitioner with “hands full of money” and “a
considerable sum” of money.
3. Whether Petitioners Introduced Credible Evidence of the
Existence and Amount of Petitioner’s Cash Hoard
Petitioners introduced credible evidence that petitioner had
a cash hoard, such as the fact that he entered his safe deposit
box 53 times from December 1987 to March 1998 and that his family
saw him with large amounts of cash over the years. However,
petitioners did not introduce credible evidence that petitioner
had accumulated $149,200 before 1997. Petitioner testified that
he received a $6,000 settlement from International Paper because
he cut his finger while on the job. However, he did not state
when the injury occurred or when he received the money. He did
not mention the alleged payment in the jeopardy assessment
proceeding or to respondent before the trial in this case.
Petitioner’s explanation of his grandmother’s alleged $20,000
gift to him changed over time. He told Fridley that he received
$20,000 from his grandmother’s estate in 1992. He stated in his
December 1999 affidavit prepared for the jeopardy assessment
proceeding that his grandmother gave him $20,000 in 1986 to
replace valuable items he had kept in her house and then lost in
a house fire. At trial, he testified that his grandmother gave
him $20,000 shortly before she went into the nursing home; i.e.,
around 1990.
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