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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 one in excess of 50 individuals who’ve been questioned in a massive online cafe scam investigation amid allegations that the public relations firm of which she is co-owner did PR for Allied Veterans, which apparently fronted for the scam. Although not herself charged with any wrongdoing in the scandal that is unfolding Carroll stepped down from her post immediately, stating that although her PR firm ended up being also maybe not alleged to have been involved, she don’t want her ties to Allied to be a distraction to Florida Governor Rick Scott’s administration.

Lawyer was Mastermind

Still a developing story, it appears that 49-year-old Jacksonville lawyer Kelly Mathis was the mastermind behind an enormous gambling ring that used Allied Veterans being a front to skim $300 million from Internet cafes in 23 Florida counties, too as six states.

Allied Veterans worldwide, an organization that is nonprofit to assist veterans and in operation since 1979, is the target of the investigation. The team 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 should have gone to assist veterans in V.A. hospitals and clinics with their rehabilitation, but in fact, only $6 million regarding the take that is total a simple 2 percent, wound up being reported as charitable donations during that time.

Benefiting from the balance, according to allegations, were Mathis and three other people, one of whom, Jerry Bass, 62, is A national Commander of Allied Veterans himself. Chase Burns, 37, owner of International online 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 was charged with creating a fake charity to sponsor bingo games, a ruse that made it possible for him not to pay any fees from his revenues in the game. Within two years, the scam had grown into South Carolina’s largest bingo community. Duncan was sentenced to six months’ probation and was then forbidden to operate bingo games in Florida. But you can’t keep a good hustler down.

At minimum 49 of these online cafes, all owned by Allied Veterans, have been shut down, and some 300 bank accounts with $64.7 million have been confiscated. Florida police force claims more arrests are going to be forthcoming, as political contributions created by Allied, and other gambling facilities circuitously operated by left hand of darkness shmoop 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 site). Get ready to whip your check out the left just as before; 95-yr-old Kirk Kerkorian’s personal 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 truly has given MGM stock a shot within the arm; its stock price closed at $13.25 regarding the New York Stock Exchange after the increase that is rumored and closed up .84 cents a share (6.77 percent) with nearly five times the normal volume on trades.

An Absolute Maybe

The hubbub was made whenever Tracinda claimed in a recently available Securities and Exchange Commission (SEC) filing that it might make the increase that is aforementioned shares.

‘It is perhaps not definite that additional shares would be purchased,’ said RBC Capital Markets gaming analyst John Kempf, speaking 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.’

Switching It Around

Ironically, it ended up being only over a year ago that Tracinda let go of 20 million shares of MGM Resorts stock for $268 million, and a 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 operates ten premier Strip casino hotels, including the MGM Grand, Bellagio and The Mirage. Tracinda also features a 50 percent stake in the CityCenter development on the Strip. It also is majority owner of this MGM Grand Macau and it has a second home going up into the Cotai Strip region there.

MGM Says ‘No Comment’

Declining to comment on the possibility of the Tracinda purchase, MGM is experiencing somewhat giddy with their very own expansion plans today. In addition to searching at new properties in Massachusetts, Maryland and Toronto, MGM Resorts expects a dividend payment of $255 million because of its 51 percent stake in MGM China, which is being publicly exchanged on the Hong Kong Exchange.

MGM Resorts Chairman Jim Murren has said the company might even consider offering one or more of its Las Vegas properties, and others as well, if the numbers seem sensible.

‘We stay positive on MGM, even as we continue to believe the organization 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 prison after being arrested week that is last allegedly cheating at a Nevada casino. He’s been faced with 3 counts of committing a fraudulent work in a gaming establishment, each of which has a possible prison sentence of one to six years, and fine of up to $10,000.

It’s alleged that while playing $5 craps at the Texas facility casino in Las Vegas, Carter added chips to his bets on three occasions that are separate the dice had been rolled. Safety officials assert they have video evidence showing Carter committing the fraudulent work, while Carter maintains his innocence and denied any wrongdoing to police upon their arrival.

The 24-year-old Carter was a fourth-round draft pick of the Denver Broncos in 2011 and made his debut within the NFL using the Broncos that same season, starting ten games. He missed most of the 2012 season having a knee injury nevertheless, which he is still in the process of rehabilitating.

It’s not the time that is first has discovered himself in trouble with the legislation. Last year he pled guilty up to a misdemeanor marijuana charge and consented to counseling, which he subsequently failed to complete. He now faces a warrant cost for failure to counseling that is complete a result.

Carter released a statement a few days after his arrest in vegas in which he stated:

‘i am fully confident that when the known 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 am completely focused on getting 100 percent healthy and creating a impact that is positive the Broncos this year.’

Carter also posted on Twitter: ‘Truly sorry for any negative attention this has had to the Broncos, our fans and the league’.

The Broncos organization is looking into the matter, and Carter may face additional disciplinary action from the team. It is unknown whether the NFL is also considering it.

Crown Casino Scam Takes $32 Million

Activities at the Crown Casino in Melbourne have generated the casino that is famous cheated out of $32 million, the most anyone has ever were able to cheat from the casino since its establishment 19 years back.

Little is well known about the number involved in the cheat so far, but reports state 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 gambler that is high-rolling fed information from those who’d tapped into the surveillance system, which he used to cheat the device for an inside knowledge of how to bet via a wireless transmission sent straight to him at the table informing him which cards to play.

Almost no has been stated about the guy accountable, apart from the actual fact that members for the staff during the Crown Casino said that the international player ended up being polite and personable, giving no reason to suspect the man of foul play.

It has been reported 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 fingers or whether it had been merely these particular eight hands which drew the scheme into the light of the surveillance team. Probably the cheaters merely got too greedy during these fingers?

The Crown Casino is yet to shed much light on the events, but has said that the surveillance department at the venue ‘recently reported concerns over a sophisticated betting scam’. They included that the investigation, by using the local authorities therefore the Victorian gaming regulators, is ongoing, yet police state that the casino is yet to help make a formal grievance.

To date, a member of the Crown Casino staff who liaisoned with VIP gamblers and high rollers has been removed from the staff, and a VIP gambler from overseas was hastily evicted from his room that is comped at Crown Towers.

A representative also reported that the Crown Casino is in the position where it believes a significant part of the $32 million will be restored after the sophisticated scam.

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