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

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

A devastating gambling addiction is being blamed for the actions of an executive director of the New York pet shelter, who stole well over half a million bucks from the nonprofit organization he had been entrusted to oversee.

Tragic consequences: just like the animals he once had obligation for, Paul Morgan is now behind bars for at least the next four years, after his gambling addiction fueled his theft of almost $600,000 through the New York 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 executive manager of this 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 accountable to the theft, and this week he was sentenced to from four to 12 years in jail.

Furious SPCA board members argued that his actions greatly reduced supplies that are medical sick animals, and caused some animals to be euthanized whom otherwise would not have been. Board user Carole Marsh stated numerous improvement projects had been additionally abandoned whenever funds went lacking.

A Morgan that is seemingly contrite told court at sentencing that he was ‘. . . sorry for the errors that i’ve made. This is an organization I apologize. that i am going to 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 ended up being lower 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 economic crimes.

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

Former veterinary technician Taylor Gilkey, whom presumably had a romantic relationship with Morgan, admitted to stealing $249,000 from the shelter aswell. She could possibly be sentenced to from 2 1/3 years or over to seven years in prison in a matter of days.

A third employee, Nicole Cafarchio, an administrative worker, took $62,000 and will likely receive five years’ probation at her sentencing into the coming days.

Both women face relatively 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 paid $118,118 in 2014. That’s a salary that is robust to other nonprofit animal groups, particularly in less-than-enormous metropolitan areas.

Barking Up the Wrong Tree

Morgan’s protection 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 harm humans, in the end.

‘I’m very dubious about the judgment of men and women who have greater compassion for animals than they do free slot games cleopatra for other humans,’ Menkin appealed. ‘It’s a request for both compassion and understanding of peoples behavior, and just what leads a person to take part in this behavior.’

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

Industry Supports Programs to Fight Addiction

The newest York SPCA situation puts the topic of problem gambling back in the news headlines, and whether adequate treatment programs are being funded and made available to those prone to becoming dependent on betting.

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

The National Council on Problem Gambling is the leading lobbying firm in the US advocating for the development of nationwide and state treatment programs to lessen the financial and social cost of gambling addictions.

Of course, that still puts the impetus for making use of those solutions squarely regarding the arms of these addicted, a sticking point that is often overlooked by people who think there are any easy answers to the issue of this effect on society as a whole, let alone those specifically affected by any one addict’s dire actions.

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

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

This should come as little surprise, but, since six regarding 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 whether it’s possible to marry the complex differences between commercial and gaming that is indian one piece of legislation. (Image:

Wednesday’s hearing ended up being populated with many for the witnesses who had testified during the Pennsylvania hearing of the previous day, including similar individuals from Amaya, the Poker Players Alliance, the Inovation Group therefore the Coalition to quit Internet Gambling.

But the lack of some of the prospective stakeholders in A michigan that is future market conspicuous, many notably the state’s 12 tribal operators, whoever support for the legislation would be seemingly imperative to its success.

Stakeholders Say ‘Meh’

Four regarding the video gaming tribes expressed outright opposition to the bill in a official notice to the committee, while others expressed neutral positions. The state’s three gaming that is commercial, MGM, Detroit Entertainment and Greektown Casino, also expressed basic positions.

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

But the 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 in order to participate ( and start to become taxed) in an online gambling market, the tribes would really be offering up their hard-won sovereign tax immunity and be 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.

Numerous believe that the try to marry tribal and commercial video gaming in one piece of legislation is too ambitious and probably will leave Michigan with a massive legal headache.

Even the lobbyist from the Coalition to Stop Web Gambling, Bill Jackson, had been talking sense when he said: ‘This legislation is rife with issues for a legal front and is not prepared to be law.’

The bill, as it appears, would tax commercial operators at an industry-friendly 10 %. It suggests operators that are tribal concur a ‘revenue-sharing’ deal of ten percent, too, which is to any or 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 a lot to do before its online gambling bill has any hope of becoming legislation.

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

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

David Baazov said in a pr release this he was cashing in almost $100 million-worth of Amaya stock ‘for investment purposes. week’ 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 % cut.

The move comes after Amaya announced earlier this week that it had restructured some of its first-lien loans so that you can free up some extra money movement, but one of many conditions of this refinancing have been to push Baazov further away from the picture.

Amaya stated that ‘certain lenders’ had demanded that the power of a ‘certain current shareholder’ to ‘directly or indirectly acquire control associated with the company’ must certanly be eliminated. Should Baazov be permitted to regain control of Amaya, then it would result in ‘an occasion of standard and potential acceleration associated with the payment regarding the debt under the credit agreement for initial lien term loans.’

Since Amaya borrowed billions whenever it acquired the Rational Group assets that included PokerStars in 2014, that could not be a good thing.

Autumn From Grace

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

The truth, which is due to visit court in November, has been described by the regulator as the biggest securities fraud instance in Canadian history.

Baazov stands accused of being at the tip of an ‘information-sharing’ pyramid that allowed a close group of family, friends and company acquaintances to profit from unlawful stock trades in the lead up to several industry takeovers, including Amaya’s of PokerStars.

If found accountable, he could face up to five years in jail.

Baazov Frozen Out

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

The offer never ever found fruition, and today those ‘certain lenders’ look like determined to make sure it never does.

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

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

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

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

Cash laundering has made plenty of headlines over the previous 12 months, the most known being the $81 million cyber heist that used Philippines casinos to maneuver cash. A number of the funds were recovered, including $4.63 million seen here in a suitcase being returned last April. (Image: AFP/Getty Images)

The indictment claims the so-called crooks took debit card information by attaching skimming products to ATM machines. The defendants than withdrew large sums of cash and purchased cash that is prepaid to launder the cash.

The suspects funneled the ill-gotten cash through casinos up and down the Las Vegas Strip, and also 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 Las Vegas alone. Authorities are still seeking ten of the suspects, who remain in the lam and are considered fugitives.

The Lure of Gambling Enterprises

Casinos have always been an attractive destination for crooks seeking to launder money. However it’s become much harder for them to escape capture, as over the final two decades, the federal government has been mandating that gambling venues better supervise the flow of money that comes through their doors. These changes have actually changed casinos’ federal status to de facto banking institutions for the purposes of reporting incoming and outgoing cash.

Since 1996, gambling enterprises have actually been necessary to file Currency Transaction Reports (CTR) for just about any person transacting $10,000 or maybe more in any 24-hour period. The lender Secrecy Act, the federal law passed in 1970 that demands monetary instructions help government authorities in detecting and preventing money laundering, was extended to casinos 21 years back.