Gambling Addiction Behind New York Animal Shelter Exec’s Theft of $600K From SPCA

Gambling Addiction Behind New York Animal Shelter Exec’s Theft of $600K From SPCA

A devastating gambling addiction is being blamed for the actions of an executive manager of a ny pet shelter, who stole well over half a million dollars through the nonprofit company he was indeed entrusted to oversee.

Tragic consequences: just like the pets he once had obligation for, Paul Morgan has become behind pubs for at minimum the next four years, after his gambling addiction fueled his theft of almost $600,000 from the ny shelter he ran. Angry volunteers and donors are outraged at their actions, saying a huge selection of animals have actually been impacted.

Paul Morgan, 46, of Salina, brand New York (a suburb of Syracuse), served as the director that is executive of Central New York SPCA there. But he used his position to serve himself, as he stole roughly $600,000 during a span that is six-year cover his gambling losings. In January, he pled guilty to the theft, and this week he was sentenced to from four to 12 years in prison.

Furious SPCA board people argued that his actions significantly reduced medical supplies for sick animals, and caused some animals to be euthanized whom otherwise would not have been. Board member Carole Marsh said numerous improvement projects were also abandoned as soon as the funds went missing.

A seemingly contrite Morgan told the court at sentencing that he was ‘. . . sorry for the errors that I have made. This is an organization I apologize. that i’ll always love and care for, and’

Disgraced SPCA director Paul Morgan appears with their attorney at sentencing on Wednesday in a New York State county courthouse. A judge was significantly less than moved by Morgan’s explanations for his actions. (Image: Dennis Nett/

County Court Judge Stephen Dougherty was not convinced. He maintained that Morgan had been gambling that is using as a reason for his monetary crimes.

Two others was indeed previously charged, but had their sentencing hearings delayed until Morgan came in front associated with the court for his.

Former technician that is veterinary Gilkey, whom allegedly had a connection with Morgan, admitted to stealing $249,000 from the shelter too. She might be sentenced to from 2 1/3 years or more to seven years in prison in just a matter of days.

A employee that is third Nicole Cafarchio, an administrative worker, stole $62,000 and certainly will likely receive five years’ probation at her sentencing within the coming days.

Both females face fairly punishment that is light after agreeing to cooperate with the prosecution in Morgan’s case.

According to CNY SPCA’s nonprofit income tax filing, Morgan was compensated $118,118 in 2014. That’s a salary that is robust to a great many other nonprofit animal groups, particularly in less-than-enormous towns.

Barking Up the Wrong Tree

Morgan’s defense attorney Edward Menkin argued that his customer’s actions deserve compassion, and asked the judge to be lenient on Morgan, saying his client’s actions didn’t directly damage humans, most likely.

‘I’m very dubious about the judgment of individuals who have greater compassion for animals than they are doing for other beings that are human’ Menkin appealed. ‘It’s a request for both understanding and compassion of individual behavior, and exactly what leads a person to engage in this behavior.’

It generally does not appear this argument held water with the judge, who told Menkin that he was ‘not going to join in blaming the victim’ at Morgan’s sentencing.

Industry Supports Programs to Fight Addiction

This new York SPCA instance sets the main topic of problem gambling back in the news headlines, and whether adequate treatment programs are being made and funded available to those prone to becoming reliant on betting.

As Congress considers overhauling the nation’s medical care system, the casino industry is urging lawmakers to retain problem gambling’s current classification of a mental disorder. The Affordable Care Act included video gaming addiction as an ‘essential health benefit’ and mandated that insurance providers cover therapy.

The National Council on Problem Gambling is the lobbying that is leading in the US advocating for the advancement of nationwide and state treatment programs to decrease the economic and social cost of gambling addictions.

Of course, that still puts the impetus for using those services squarely regarding the shoulders of those addicted, a sticking point that is often overlooked by people who think there are any easy answers to the issue of this impact on society all together, let alone those specifically afflicted with any one addict’s dire actions.

Michigan Online Gambling Bill Clears Senate Committee But a Third of Tribes are compared

Michigan’s online gambling bill was approved 7-1 to at a hearing of the Senate Regulatory Reform Committee on and will proceed cleopatra slot machine big win to the Senate floor wednesday.

This should come as surprise that is little nevertheless, since six for the committee’s nine members co-sponsored the bill.

State Senator Mike Kowall’s online gambling bill may need a little more work. In reality, numerous are doubtful if it is possible to marry the complex differences between commercial and Indian gaming in one piece of legislation. (Image:

Wednesday’s hearing had been populated with many regarding the witnesses who had testified during the Pennsylvania hearing of the previous day, including similar folks from Amaya, the Poker Players Alliance, the Inovation Group plus the Coalition to end Internet Gambling.

Nevertheless the absence of any of the possible stakeholders in a future michigan market was conspicuous, many notably the state’s 12 tribal operators, whose help for the legislation would appear to be vital to its success.

Stakeholders Say ‘Meh’

Four of this gaming tribes expressed opposition that is outright the bill in a formal notice to the committee, while others expressed neutral positions. Hawaii’s three gaming that is commercial, MGM, Detroit Entertainment and Greektown Casino, also expressed neutral positions.

Senator Senator Mike Kowall’s (R-15th) legislation would permit just commercial casino operators and federally recognized tribes already conducting gaming operations to apply for licenses.

But the nagging problem is, that the Indian Gaming Regulation Act 1988 prohibits states from taxing tribes on their gambling operations, beyond regulation costs.

But taxation is the Kowall bill’s raison d’être, meaning that so as to participate ( and become taxed) in an online gambling market, the tribes would really be offering up their hard-won sovereign tax immunity and become commercial gaming enterprises.

Taxations for the Nations

The tribes who refuse to do this will more than likely claim that, by legalizing online gambling, Michigan has voided its compact them to withhold their revenue-share payments to the state and perhaps even to offer tax-free online gambling from within their reservations with them, which could allow.

Many believe that the attempt to marry tribal and commercial video gaming in a single piece of legislation is too ambitious and is likely to leave Michigan with a massive headache that is legal.

Even the lobbyist from the Coalition to Stop Internet Gambling, Bill Jackson, was sense that is talking he said: ‘This legislation is rife with dilemmas for a legal front side and is not willing to become law.’

The bill, as it appears, would tax commercial operators at an industry-friendly 10 %. It suggests operators that are tribal agree a ‘revenue-sharing’ deal of ten percent, too, which is to all intents and purposes a tax, and probably a violation of IGRA.

Kowall’s bill may have received a ringing endorsement from the committee on which he sits this but the verdict from stakeholders was underwhelming to say the least week. Michigan’s lawmakers still have too much to do before its gambling that is online bill any hope of becoming law.

Baazov Sells $100 Million of Amaya inventory as Company Seeks Distance from Former CEO

David Baazov has sold $100 million-worth of shares in PokerStars parent, Amaya, the company he founded and transformed into one of the primary online gambling entities on earth before their spectacular autumn from grace year that is last.

David Baazov said in a news release this week he was cashing in almost $100 million-worth of Amaya stock ‘for investment purposes.’ However, the former CEO does have a court that is expensive coming up in November. (Image: Graham Hughes/The Canadian Press)

The sale represents a reduction of Baazov’s stake in Amaya from 17.2 per cent to around 12.1 percent, a 30 per cent cut.

The move comes after Amaya announced earlier in the day this week that it had restructured some of its first-lien loans in order to free up some cash that is extra, but one of many conditions associated with refinancing was to push Baazov further out of the image.

Amaya stated that ‘certain lenders’ had demanded that the capability of a ‘certain current shareholder’ to ‘directly or indirectly get control of this company’ should really be removed. Should Baazov be permitted to regain control of Amaya, then it would result in ‘an occasion of default and potential acceleration associated with payment associated with debt underneath the credit contract for 1st lien term loans.’

Since Amaya borrowed billions whenever it acquired the Rational Group assets that included PokerStars in 2014, that will never be a good thing.

Autumn From Grace

In early 2016.Baazov, then still the CEO and chairman of this ongoing business, announced his intention to take Amaya personal. But while he was planning his bid he had been charged with five counts of insider trading by the Quebec securities regulator, AMF.

The situation, which is born to visit court in November, has been described by the regulator as the biggest securities fraudulence case in Canadian history.

Baazov stands accused of being during the tip of a ‘information-sharing’ pyramid that allowed a close circle of family, friends and company acquaintances to benefit from unlawful stock trades in the lead as much as several industry takeovers, including Amaya’s of PokerStars.

If found accountable, he could address five years in jail.

Baazov Frozen Out

He resigned as CEO in and it was assumed the charges hanging over him had buried the bid august. But Baazov was back November, with a unexpected proposition that valued the Amaya at around $2.56 billion.

The offer never ever came to fruition, and today those ‘certain lenders’ be seemingly determined to ensure it never does.

Baazov pulled down one of the unlikeliest coups in online gaming history when he sweet-talked Blackstone, the entire world’s biggest equity that is private, into helping finance a $4.9 billion takeover of PokerStars.

But it seems like Wall Street money isn’t too impressed with him these days.

Feds Charge 21 in ATM Skimming Money-Laundering Scheme That Wound Up at Las Vegas Casinos

A cross-country cash laundering scheme involving 21 individuals has been disrupted, utilizing the FBI capturing 11 of this alleged culprits to date. They’ve been charged by US authorities that are federal who say that ‘card skimming’ devices were used to steal millions of dollars. The mechanisms used stole money from ATM machines and then laundered the cash through Las Vegas casinos and all sorts of across the country.

Money laundering has made plenty of headlines over the previous year, the highest being the $81 million cyber heist which used Philippines casinos to move cash. April some of the funds were recovered, including $4.63 million seen here in a suitcase being returned last. (Image: AFP/Getty Images)

The indictment says the criminals that are alleged debit card information by attaching skimming devices to ATM machines. The defendants than withdrew large sums of cash and purchased cash that is prepaid to launder the money.

The suspects funneled the money that is ill-gotten casinos down and up the Las Vegas Strip, and in addition traveled to gambling resorts in other areas of the country. In total, the 21 people named in the indictment are thought to own stolen up to $6 million.

The FBI said $2.6 million was withdrawn at MGM Resorts properties in vegas alone. Authorities remain seeking ten of the suspects, who remain in the lam and are considered fugitives.

The Lure of Gambling Enterprises

Gambling enterprises have for ages been an attractive destination for crooks trying to launder money. But it’s become much harder for them to escape capture, as over the final two decades, the US government has been mandating that gambling venues better supervise the flow of money which comes through their doors. These changes have actually changed casinos’ federal status to de facto banks for the purposes of reporting incoming and outgoing money.

Since 1996, casinos have been required to file Currency Transaction Reports (CTR) for almost any individual transacting $10,000 or higher in any 24-hour period. The lender Secrecy Act, the law that is federal in 1970 that demands economic instructions help government authorities in detecting and preventing money laundering, was extended to gambling enterprises 21 years ago.


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