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You were given the following details of a true case Please read and answer the questions that follows. Cash Hoard Arguments for Gambling Case. The

You were given the following details of a true case Please read and answer the questions that follows.

"Cash Hoard Arguments for Gambling Case. The cash hoard defense figured in the Edwin Edwards gambling corruption trial in 2000. An IRS agent testified that Governor Edwards spent hundreds of thousands of dollars more in cash than he reported in earnings.29A financial analyst testified for the prosecution about how the former Louisiana governor hid money he extorted from riverboat casino owners and spent his cash. Don Semesky, a special agent for the Internal Revenue Service, used a chart to show that Edwards spent $872,000 more in cash than he reported receiving from 1986 to 1997.Semesky said Edwards started 1986 with $82,000 in cash. He based that figure on Edwards own testimony in an unrelated trial in 1985.In the current trial, Edwards testified he always had between $250,000 and $500,000 in cash during the mid-1980s. Using $250,000 as a starting point, Semesky said, Edwards still spent $704,000 more in that period than he reported receiving. I believe the evidence in this case is that Mr. Edwards received cash from other, unreported sources, Semesky told prosecutor Mike Magner. In either calculation, Edwards started spending more cash in 1996, Semesky said. He agreed with Magners allegation that the increase in spending coincided with Edwards getting extortion payments from Robert Guidry. Guidry, the former owner of the Treasure Chest casino in Kenner, testified he paid Edwards and his son along with Edwards former aide, Andrew Martin, $100,000 a month from early 1996 until August 1997.Semeskys total for cash spent by Edwards included $383,500 the FBI seized from his safe-deposit box on April 29, 1997. Edwards testified that cash was left over from $400,000 Eddie DeBartolo, Jr. had given him in a legitimate business deal on March 12, 1997. He said the amount was primarily to prepare for a gambling election in Bossier City, where DeBartolo was applying to put in a casino boat. DeBartolo, who had pleaded guilty in the case, testified for the prosecution that Edwards extorted the $400,000 from him. But while Semesky showed the $383,500 as cash spent, he did not show the $400,000 from DeBartolo as cash received, defense attorney Small said. Isnt it a fact that you screwed up and you missed the $400,000? Small asked Semesky. Mr. Small, youre not understanding the concept of this chart, Semesky said. The governments contention in this case is that it (the $400,000) came from extorted payments. The purpose of the chart was to show legal sources of cash, Semesky said. That included $1,586,800 in net gambling winnings Edwards had from 1986 until 1997, he said. But defense attorney Small said the cash shortfall that Semesky foundabout $872,000could be made up by starting with $500,000 in cash in 1986, as Edwards testified, he might have had. Add the $400,000 from DeBartolo and the shortfall disappears, Small said. Later in 1997, DeBartolo reported to the IRS he had given Edwards the money, Small said. But Semesky maintained that the $400,000 could not be counted as a legitimate source of cash. It doesnt belong on that schedule, he said."

(i) You were asked to be an expert witness presenting the facts of the case. Prepare a final Cash-T to reflect the details of the case for the courts proceeding. The sample in Table is the format of an in-depth Cash-T prepared with tax return information and information available The final Cash-T should include both internal and external sources of information.

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