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

A devastating gambling addiction is being blamed for those things of an executive director of the ny animal shelter, who took well over half a million bucks from the nonprofit company he was in fact entrusted to oversee.

Tragic consequences: just like the animals he once had obligation for, Paul Morgan is currently behind pubs for at least 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 hundreds of animals have actually been impacted.

Paul Morgan, 46, of Salina, New York (a suburb of Syracuse), served as the director that is executive of Central New York SPCA there. But he used his free games slot machines cleopatra position to provide himself, as he stole roughly $600,000 during a six-year span to cover his gambling losses. In January, he pled responsible to the theft, and this week he had been sentenced to from four to 12 years in prison.

Furious SPCA board users argued that his actions greatly reduced medical supplies for sick pets, and caused some animals to be euthanized who otherwise would not need been. Board user Carole Marsh stated numerous improvement projects had been additionally abandoned whenever funds went missing.

A Morgan that is seemingly contrite told court at sentencing which he was ‘. . . sorry for the errors that I have made. It 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 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 was using gambling addiction as a justification for his monetary crimes.

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

Former veterinary professional Taylor Gilkey, who allegedly had a partnership with Morgan, admitted to stealing $249,000 from the shelter as well. She could possibly be sentenced to from 2 1/3 years and up to seven years in prison in just a matter of days.

A third employee, Nicole Cafarchio, an administrative worker, stole $62,000 and can likely receive 5 years’ probation at her sentencing in 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 tax filing, Morgan was paid $118,118 in 2014. That’s a robust salary contrasted to 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 client’s actions deserve compassion, and asked the judge to be lenient on Morgan, saying his client’s actions didn’t harm humans, directly after all.

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

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

Industry Supports Programs to Fight Addiction

The brand new York SPCA case sets 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.

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

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

Of course, that still puts the impetus for making use of those services squarely regarding the shoulders of those addicted, a sticking point that is often overlooked by those who think there are any easy answers to the issue associated with effect on society all together, let alone those specifically suffering from any one addict’s serious 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 Wednesday and will continue towards the Senate flooring.

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

State Senator Mike Kowall’s online gambling bill may little need a 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 numerous regarding the witnesses whom had testified at the Pennsylvania hearing of the previous time, including the same individuals from Amaya, the Poker Players Alliance, the Inovation Group while the Coalition to end Internet Gambling.

However the lack of any of the potential stakeholders in A michigan that is future market conspicuous, many notably the state’s 12 tribal operators, whose support for the legislation would appear to be essential to its success.

Stakeholders Say ‘Meh’

Four associated with the gaming tribes expressed outright opposition to the bill within an 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 basic roles.

Senator Senator Mike Kowall’s (R-15th) legislation would permit just casino that is commercial 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, which means that so as to participate ( and become taxed) in an online gambling market, the tribes would really be giving up their hard-won sovereign tax immunity and be commercial gaming enterprises.

Taxations for the Countries

The tribes who refuse to do this will likely claim that, by legalizing online gambling, Michigan has voided its compact with them, which could permit them to withhold their revenue-share repayments towards the state and maybe even to offer tax-free online gambling from inside their reservations.

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

Perhaps the lobbyist from the Coalition to Stop Web Gambling, Bill Jackson, was talking feeling when he said: ‘This legislation is rife with dilemmas for a legal front side and it is not ready to become law.’

The bill, as it appears, would tax commercial operators at an industry-friendly 10 percent. It suggests operators that are tribal concur a ‘revenue-sharing’ deal of 10 percent, too, which is to all or any 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 great deal 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 offered $100 million-worth of shares in PokerStars parent, Amaya, the company he founded and changed into one of the biggest online gambling entities on earth before his spectacular fall from grace final 12 months.

David Baazov said in a press 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)

A reduction is represented by the sale of Baazov’s stake in Amaya from 17.2 per cent to around 12.1 percent, a 30 percent cut.

The move comes after Amaya announced previously this week that it had restructured some of its first-lien loans in order to free up some extra money movement, but one of many provisions associated with the refinancing was indeed to push Baazov further away from the image.

Amaya said that ‘certain lenders’ had demanded that the capability of a ‘certain current shareholder’ to ‘directly or indirectly acquire control regarding the company’ must be eliminated. Should Baazov be permitted to regain control of Amaya, then it could result in ‘an event of default and potential acceleration for the payment of 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 would not be a good thing.

Fall From Grace

In early 2016.Baazov, then still the CEO and president of the ongoing business, announced his intention to simply 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 situation, which arrives to visit court in November, has been described by the regulator once the biggest securities fraud situation in Canadian history.

Baazov stands accused to be at the tip of a ‘information-sharing’ pyramid that allowed a close group of family, friends and company acquaintances to benefit from illegal stock trades in the lead as much as industry that is several, 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 in November, with a unanticipated proposition that valued the Amaya at around $2.56 billion.

The deal never came to fruition, and now those ‘certain lenders’ appear to be determined to make sure it never does.

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

But it feels 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 nevada Casinos

A money that is cross-country scheme involving 21 individuals has been disrupted, using the FBI capturing 11 regarding the alleged culprits 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 money through Las Vegas casinos and all across the country.

Cash laundering has made plenty of headlines over the year that is past the most known 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 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 money that is ill-gotten casinos down and up the Las Vegas Strip, and in addition traveled to gambling resorts in areas of the country. As a whole, the 21 people named in the indictment are thought to have taken upwards of $6 million.

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

The Lure of Gambling Enterprises

Gambling enterprises have long been a destination that is attractive criminals looking to launder money. But it’s become much harder to allow them to escape capture, as throughout the final twenty years, the US government has been mandating that gambling venues better supervise the flow of cash which comes through their doors. These changes have changed casinos’ federal status to de facto banks for the purposes of reporting incoming and outgoing money.

Since 1996, casinos have actually been required to file Currency Transaction Reports (CTR) for just about any individual transacting $10,000 or even more in any 24-hour period. The Bank Secrecy Act, the law that is federal in 1970 that demands financial instructions help authorities in detecting and preventing cash laundering, was extended to casinos 21 years ago.