NC Attorney Found Guilty Of Trying To Hide Money

A North Carolina attorney has been convicted of trying to hide money from the IRS by divvying up large cash deposits into amounts that avoided federal alerts.

Multiple media outlets report defense attorney Johnny Gaskins was found guilty Friday of dividing $355,000 into deposits of less than $10,000 each, visiting multiple bank tellers at different branches. Banks must report deposits greater than $10,000.

Gaskins is free until sentencing in February.

The jury decided Gaskins can keep the money, earned between 2001 and 2006, because he reported the payments on tax forms and paid taxes on them.

Gaskins said he kept cash in a safe in his home, but after clients were robbed and killed in 2005, he feared for his safety. He said he didn't want any teller to know he had so much cash.

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  • by heh? on Oct 11, 2009 at 01:13 PM
    i thought that when you hid money you hid it overseas. though, an attorney WOULD know all the loopholes and have the perfect defense argument!
  • by WTF Location: New Bern on Oct 11, 2009 at 10:02 AM
    So.....he reported the money to the IRS on tax forms and he deposited the money in US banks......How is that hiding money??? Sounds like maybe if he had hidden the money maybe he wouldn't be in trouble right now. Hmmm.
  • by Matt Location: NC on Oct 10, 2009 at 07:46 PM
    I don't usually stand up for lawyers but, if he filed this money on his tax forms and paid his taxes on this money? How was he trying to avoid the IRS? Too much government people.
  • by Clifton Location: Washington on Oct 10, 2009 at 05:08 PM
    A attorney up to no good?? How preposterous. After all, deep down they are good people. That's why they are buried 12 feet down.
  • by Kimo Location: Belhaven on Oct 10, 2009 at 04:45 PM
    You've got to wonder why - if he reported the money on his tax returns and paid taxes on it - he was trying to disguise the deposits. Could he possibly be up to no good???

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