Florida Lt. Governor Resigns Amid Allegations of $300 Million Internet Cafe Scam
Florida Lieutenant Governor Jennifer Carroll is simply one in excess of 50 people who have been questioned in a massive online cafe scam investigation amid allegations that a general public relations company of which she is co-owner did PR for Allied Veterans, which reportedly fronted for the scam. Although not by herself charged with any wrongdoing in the scandal that is unfolding Carroll stepped down from her post immediately, stating that although her PR firm was also 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 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, also as six states.
Allied Veterans of the World, an organization that is nonprofit to aid veterans and in procedure since 1979, could be the target of the investigation. The group operated 49 Internet cafes in Florida between 2007 and 2012, and the ones cafes introduced some $300 million in revenues. The majority of that money must have gone to assist veterans in V.A. hospitals and clinics with their rehabilitation, but in fact, only $6 million of the total take, a mere 2 percent, finished up being reported as charitable donations during that time.
Benefiting through the balance, according to allegations, were Mathis and three other people, one of whom, Jerry Bass, 62, is a nationwide Commander of Allied Veterans himself. Chase Burns, 37, owner of Overseas online Technologies (IIT), is accused of utilizing his technical know-how to run the cafes while skimming for himself and his partners. Authorities say IIT took in $68 million from the different gambling centers that were being operated under Allied Veterans.
The fourth person in this group, Johnny Duncan, 62, normally a scammer that is professional in 1987 he had been charged with creating a fake charity to sponsor bingo games, a ruse that managed to make it easy for him not to pay any taxes from his revenues on the game. Within two years, the scam had grown into South Carolina’s bingo network that is largest. 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.
All owned by Allied Veterans, have now been shut down, and some 300 bank accounts with $64.7 million have been confiscated at least 49 of these Internet cafes. Florida police says more arrests is going to be forthcoming, as governmental contributions produced by Allied, and other gambling facilities circuitously 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 is all doom and gloom (Atlantic City’s revenue slump) and the next its butterflies and roses (Genting building on the old Echelon site). Get prepared to whip your visit the left yet again; 95-yr-old Kirk Kerkorian’s private investment arm, L.A.-based Tracinda Corp., is looking into bumping its MGM Resorts International shares from 18.6 % up to 25 percent. The news undoubtedly has given MGM stock a shot into the arm; its stock cost closed at $13.25 in the New York Stock Exchange following the rumored increase, and closed up .84 cents a share (6.77 percent) with nearly five times the volume that is normal trades.
A Certain Possibly
The hubbub was created whenever Tracinda reported in a current Securities and Exchange Commission (SEC) filing that it may make the increase that is aforementioned shares.
‘It is perhaps not definite that additional stocks would be purchased,’ said RBC Capital Markets gaming analyst John Kempf, speaking to investors recently. ‘ However, in our view, there is no need certainly to make this filing unless there was interest in [the company] increasing its position.’
Turning It Around
Ironically, it was only just over a 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 altogether year.
Presently, 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 has a 50 percent stake in the CityCenter development on the Strip. It also is majority owner regarding the MGM Grand Macau and has a property that is second up into the Cotai Strip region there.
MGM Says ‘No Comment’
Declining to comment in the chance for the Tracinda purchase, MGM is feeling somewhat giddy with their very own expansion plans these days. 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 Asia, which is being publicly traded on the Hong Kong Exchange.
MGM Resorts Chairman Jim Murren has said the company might also consider selling one or even more of its Las Vegas properties, and others too, should the numbers seem sensible.
‘We stay positive on MGM, even as we continue to believe the organization has several levers, 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 the other day for allegedly cheating at a Nevada casino. He’s been faced with 3 counts of committing an act that is fraudulent a gaming establishment, all of which posesses 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 added chips to their bets on three separate occasions after the dice was indeed rolled. Protection officials assert they have video evidence showing Carter committing the act that is fraudulent while Carter maintains their innocence and denied any wrongdoing to authorities upon their arrival.
The 24-year-old Carter was a fourth-round draft pick of the Denver Broncos in 2011 making his debut in the NFL using the Broncos that same 1984 ch 1 summary season, beginning ten games. He missed most of the 2012 season by having a knee injury however, which he is nevertheless into the process of rehabilitating.
It is perhaps not the very first time Carter has found himself in some trouble with the law. In 2011 he pled guilty to a misdemeanor marijuana fee and consented to counseling, which he subsequently failed to accomplish. He now faces a warrant fee for failure to complete counseling as a result.
Carter circulated a statement a few days after his arrest in Las Vegas in which he said:
‘i am fully confident that when the known facts turn out, I will be cleared. We am undoubtedly sorry for the negative attention this has brought the Broncos, our fans and the league. I will be completely concentrated on getting 100 percent healthy and making a positive impact on the Broncos this year.’
Carter also posted on Twitter: ‘Truly sorry for any negative attention this has brought to the Broncos, our fans and the league’.
The Broncos organization is looking into the situation, and Carter may face additional disciplinary action from the team. It is unknown whether or not the NFL is also looking into it.
Crown Casino Scam Takes $32 Million
Events at the Crown Casino in Melbourne have actually led to the famous casino being cheated out of $32 million, the absolute most anybody has ever were able to cheat from the casino since its establishment 19 years ago.
Little is known about the number involved in the cheat so far, but reports say that a high roller and one or more accomplices managed to hack their method into the Crown Casino’s video surveillance system.
Rumours claim that the gambler that is high-rolling fed information from those who had tapped into the surveillance system, which he used to cheat the machine for an inside knowledge of how to bet via a wireless transmission sent directly to him at the dining table informing him which cards to play.
Hardly any is stated about the guy accountable, aside from the very fact that members of this staff at the Crown Casino said that the foreign player ended up being polite and personable, giving no reason to suspect the man of foul play.
It happens to be reported that the cheating was exposed over ‘eight hands 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 absolutely was just these particular eight hands which received the scheme to the light of the surveillance group. Perhaps the cheaters merely got too greedy during these hands?
The Crown Casino is yet to shed much light regarding 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 video gaming regulators, is ongoing, yet police state that the casino is yet in order to make a complaint that is formal.
Up to now, a member of this Crown Casino staff whom liaisoned with VIP gamblers and high rollers has been removed through the staff, and a VIP gambler from overseas had been hastily evicted from his comped room at the Crown Towers.
A spokesperson additionally stated that the Crown Casino is in the position where it thinks a significant portion of the $32 million will be recovered after the sophisticated scam.