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and $22,000 from his buying and selling activity from 1987 to
1997 because his total earnings from International Paper were
$96,825 (half of this would be $48,413), and his tax returns from
1989 to 1997 show that his adjusted gross income totaled $25,602
(half of this would be $12,801). Petitioner’s claim that he
saved half of his wages from International Paper is also
implausible because that would leave only $48,413 to support
himself and his family for 9 years.
Petitioner’s claim that he accumulated $149,200 of cash by
his frugal lifestyle, e.g., petitioners did not have long
distance telephone service, and because Mrs. Sykes received
disability payments, lacks credibility. Petitioner stated that
Mrs. Sykes received disability payments of about $494/month,
i.e., about $5,928/year; however, he did not indicate for what
years she received those amounts.
Petitioner’s claim that he received $6,000 from
International Paper for a work-related injury is suspicious
because he had not previously made that claim.
Danney, Gary, and Ireland testified that they saw petitioner
with a large amount of cash on several occasions in the early
1980's, but they did not testify about the amount of the cash
hoard.
Petitioner admitted that he incorrectly told Fridley that
the source of the cash seized from petitioners’ house on March
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