Florida Lt. Governor Resigns Amid Allegations of $300 Million Web Cafe Scam
Florida Lt. Governor Resigns Amid Allegations of $300 Million Web Cafe Scam
Florida Lieutenant Governor Jennifer Carroll is simply one of more than 50 individuals that have been questioned in a massive web cafe scam investigation amid allegations that the general public relations company of which she is co-owner did PR for Allied Veterans, which apparently fronted for the scam. Although maybe not by herself charged with any wrongdoing in the unfolding scandal, Carroll stepped down from her post immediately, stating that although her PR firm ended up being also perhaps not alleged to have been involved, she did not want her ties to Allied to be a distraction to Florida Governor Rick Scott’s management.
Lawyer was Mastermind
Still a developing story, it seems that 49-year-old Jacksonville attorney Kelly Mathis had been the mastermind behind an enormous gambling ring that used Allied Veterans as being a front to skim $300 million from Internet cafes in 23 Florida april 4 1984 orwell counties, aswell as six states.
Allied Veterans worldwide, an organization that is nonprofit to aid veterans as well as in operation since 1979, may be the target of the investigation. The group operated 49 Internet cafes in Florida between 2007 and 2012, and the ones cafes brought in some $300 million in revenues. The majority of that money needs gone to help veterans in V.A. hospitals and clinics with their rehabilitation, but in fact, only $6 million of the take that is total a simple 2 percent, finished up being reported as charitable donations during that time.
Benefiting through the balance, according to allegations, were Mathis and three others, one of whom, Jerry Bass, 62, is a nationwide Commander of Allied Veterans himself. Chase Burns, 37, owner of Overseas Internet Technologies (IIT), is accused of using his technical know-how to run the cafes while skimming for himself and his partners. Authorities say IIT took in $68 million from the various gambling centers that had been being operated under Allied Veterans.
The fourth member of this group, Johnny Duncan, 62, can also be a professional scammer; in 1987 he ended up being charged with creating a fake charity to sponsor bingo games, a ruse that made it easy for him not to cover any fees from his revenues in the game. Within two years, the scam had grown into South Carolina’s largest bingo system. Duncan was sentenced to six months’ probation and was then forbidden to operate bingo games in Florida. But you can’t keep a hustler that is good.
At least 49 of these online cafes, all owned by Allied Veterans, have already been shut down, plus some 300 bank accounts with $64.7 million have been confiscated. Florida law enforcement says more arrests will likely be forthcoming, as governmental contributions produced by Allied, and other gambling facilities not directly operated by the charity, come to light.
MGM Stock Gets Boost as Kerkorian Eyes More Shares
Gaming news is such as a dizzying ping pong match these days: 1 day it’s all doom and gloom (Atlantic City’s revenue slump) and the next its butterflies and roses (Genting building on the old Echelon web site). Get ready to whip your check out the left just as before; 95-yr-old Kirk Kerkorian’s private investment arm, L.A.-based Tracinda Corp., is looking into bumping its MGM Resorts Global shares from 18.6 % up to 25 percent. The headlines definitely has given MGM stock a shot in the arm; its stock price closed at $13.25 on the brand New York Stock Exchange after the rumored increase, and closed up .84 cents a share (6.77 percent) with nearly five times the normal volume on trades.
A Certain Perhaps
The hubbub is made when Tracinda claimed in a recently available Securities and Exchange Commission (SEC) filing that it might make the aforementioned increase in shares.
‘It is perhaps not definite that additional stocks would be purchased,’ said RBC Capital Markets gaming analyst John Kempf, talking to investors recently. ‘ However, in our view, there would be no need to make this filing unless there was interest in[the ongoing company] increasing its position.’
Turning It Around
Ironically, it had been only just over a year ago that Tracinda let go of 20 million stocks of MGM Resorts stock for $268 million, and per year before that, Kerkorian himself said that Tracinda might divest itself of its MGM shares entirely.
Currently, Tracinda holds close to 91.2 million shares in MGM Resorts International, which runs ten premier Strip casino hotels, including the MGM Grand, Bellagio and The Mirage. Tracinda also includes a 50 percent stake in the CityCenter development on the Strip. It also is majority owner for the MGM Grand Macau and contains a second home going up within the Cotai Strip region there.
MGM Says ‘No Comment’
Decreasing to comment on the possibility for the Tracinda purchase, MGM is experiencing significantly giddy with their expansion plans today. In addition to searching at new properties in Massachusetts, Maryland and Toronto, MGM Resorts expects a dividend re payment of $255 million because of its 51 percent stake in MGM Asia, which is being publicly exchanged on the Hong Kong Exchange.
MGM Resorts Chairman Jim Murren has said the company might also consider attempting to sell one or higher of its nevada properties, and others as well, should the figures sound right.
‘We remain positive on MGM, as we continue to believe the company has levers that are several particularly through its capital structure, to drive further increases in its stock price,’ said analyst Kempf.
NFL Player Quinton Carter Charged with Swindling Casino
NFL player and Denver Broncos safety Quinton Carter faces up to 18 years in jail after being arrested week that is last allegedly cheating at a Nevada casino. He’s been charged with 3 counts of committing an act that is fraudulent a gaming establishment, every one of which carries a possible prison sentence of one to six years, and fine of up to $10,000.
It’s alleged that while playing $5 craps during the Texas facility casino in Las Vegas, Carter included chips to his bets on three occasions that are separate the dice had been rolled. Security officials assert they’ve video evidence showing Carter committing the act that is fraudulent while Carter maintains their innocence and denied any wrongdoing to police upon their arrival.
The 24-year-old Carter was a draft that is fourth-round of the Denver Broncos last year and made his debut within the NFL because of the Broncos that same season, beginning ten games. He missed nearly all of the 2012 season having a knee injury nonetheless, which he is still in the process of rehabilitating.
It is perhaps not the time that is first has discovered himself in some trouble with the law. In 2011 he pled guilty up to a misdemeanor marijuana charge and agreed to counseling, which he subsequently failed to complete. He now faces a warrant charge for failure to complete counseling as a result.
Carter circulated a statement a days that are few his arrest in nevada in which he stated:
‘we have always been completely confident that when the facts turn out, I will be cleared. I am really sorry for the negative attention this has brought the Broncos, our fans and the league. I’m fully focused on getting 100 percent healthy and building a positive effect on the Broncos this 12 months.’
Carter also posted on Twitter: ‘Truly sorry for any attention that is negative has had to the Broncos, our fans and the league’.
The Broncos organization is looking at the situation, and Carter may face additional action that is disciplinary the team. It is unknown whether or not the NFL is also looking at it.
Crown Casino Ripoff Takes $32 Million
Occasions at the Crown Casino in Melbourne have led to the casino that is famous cheated out of $32 million, the absolute most anyone has ever been able to cheat from the casino since its establishment 19 years back.
Little is famous about the quantity involved in the cheat so far, but reports say that a high roller and one or more accomplices managed to hack their way into the Crown Casino’s video surveillance system.
Rumours declare that the high-rolling gambler was fed information from those who’d tapped into the surveillance system, which he used to cheat the device for the inside knowledge of how to bet via a wireless transmission sent straight to him at the dining table informing him which cards to play.
Hardly any has been said in regards to the man accountable, aside from the very fact that members associated with staff during the Crown Casino said that the player that is foreign courteous and personable, giving no explanation to suspect the man of foul play.
It has been stated that the cheating was exposed over ‘eight fingers of cards played in a space that is short of’. However, it is yet to emerged whether the total $32 million was won during these eight hands or whether it had been merely these particular eight hands which drew the scheme to the light of the surveillance team. Probably the cheaters simply got too greedy during these hands?
The Crown Casino is yet to shed much light in the events, but has said that the surveillance department at the venue ‘recently reported issues over an advanced betting scam’. They added that the investigation, by using the local authorities and also the Victorian gaming regulators, is ongoing, yet police state that the casino is yet to make a formal issue.
To date, a member regarding the Crown Casino staff who liaisoned with VIP gamblers and high rollers happens to be removed through the staff, and a VIP gambler from overseas had been hastily evicted from his comped room at the Crown Towers.
A spokesperson also reported that the Crown Casino is in the position where it believes a significant part of the $32 million will be recovered after the scam that is sophisticated.