1944-1947 IRS commissioner Joseph D. Nunan was sentenced to five years in prison and ordered to pay a fine of $15,000 for tax fraud. In 1933, fearing his bank would collapse, Nunan began withdrawing large sums of money and kept the money at home. He later deposited the money in other banks, but it was unclear if this was new incomes as it could not be tracked. Nunan also won $1,800 on a bet predicting that Harry Truman would defeat Thomas Dewey. On tax returns filed from 1946 to 1950, Nunan did not declare or pay taxes on fees he received for legal services he earned from his firm.