Johnny Gaskins of Raleigh for many years was a successful and sought-after lawyer for people accused of crimes, often drug dealing. It was a rough crowd, and payments often were in cash. Then the tables turned, and Gaskins was the one caught in the prosecutors' web. His crime? The money did it.
There are good reasons why the federal government has a rule requiring banks to report large cash deposits. If ordinary folks need to deposit $10,000 or more -- say, the proceeds of selling a car or house -- they bring a check. Cash can be a sign of illegal activity.
For reasons best known to himself, Gaskins accumulated a cash stash -- money he had collected from clients who tended to do business that way. He declared the cash, more than $450,000, as income and paid his taxes. But when it came to depositing the money, he broke it down into bank deposits just under the $10,000 reporting threshold. That was a no-no, and he was tried and convicted.




