© D.L. Crumbley
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 Magner’s allegation that the increase in spending coincided with Edwards getting extortion payments from Robert Guidry.
Preliminary Cash-T (contd …)