Man deposits millions, one tattered bill at a time

The businessman arrived at the Treasury Department carrying a suitcase stuffed with about $5.2 million in petrified, nearly unrecognizable bills. He asked to swap it for a cashier's check.

The money brought in by Franz Felhaber was nearly unrecognizable, like the water damaged money here.

Money like this normally arrives after a bank burns or a vault floods. It doesn't just show up at the visitor's entrance on a Tuesday morning.

But Franz Felhaber's banking habits had stopped making sense to the government long ago.

For years, authorities say, he and his family have popped in and out of U.S. banks, looking to change about $20 million in decaying $100 bills for clean cash, offering ever-changing stories:

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