Opinion ID: 418131
Heading Depth: 3
Heading Rank: 6

Heading: The Cash Deposits

Text: 47 During late 1976 and early 1977, Cauble Enterprises was burdened with debt. The partnership lost money during each of the years involved here except 1978, in which it broke even. In January 1978 Cauble Enterprises' special account at Western State Bank was $100,000 overdrawn; it also showed a deficit balance on March 1, 1978. 48 On April 8, 1978, Cauble flew to Las Vegas to play in the World Series of Poker. He lost his $10,000 entry fee but, when he returned to Texas, he told John Gray, Chairman of the Board of the Dallas International Bank, that he had won $260,000 in a side game and wanted it worked into his accounts at the bank. 52 Gray suggested that Cauble take the money to his own bank in Denton. 53 49 At Western State Bank, Cauble Enterprises was on a list of persons and businesses exempt from the requirement that all cash deposits exceeding $10,000 be reported to the Internal Revenue Service. 54 Cauble Enterprises deposited $113,900 cash to its Western State Bank Special Account in April 1978; $182,000 cash in May, and $124,300 cash in June. Cash deposits in 1978 totaled more than $692,000; cash deposits in 1977 amounted to approximately $220,000; in 1976 cash deposits were $14,600. 55