Iowa Lottery Worker Arrested for Holding $16.5 Million Lottery Ticket

Iowa Lo<span id="more-9251"></span>ttery Worker Arrested for Holding $16.5 Million Lottery Ticket

After a four-year investigation, Iowa Lottery officials believe an employee fraudulently won the $16.5 million Hot Lotto jackpot. (This winning ticket had been from a previous Lotto draw for the same amount).

Iowa Lottery officials say they’ve finally solved a mysterious four-year investigation regarding the unidentified owner of a $16.5 million Hot Lotto winning ticket.

The path led authorities to an unlikely source: a lottery worker who himself is not allowed to purchase a ticket, as a matter of conflict of interest.

The Iowa Division of Criminal Investigation claims Eddie that is 51-year-old Raymond purchased the ticket in 2010, despite being prohibited from playing due to his employment while the manager of data securities because of the Multi-State Lottery Association.

Investigators determined that Tipton went to great lengths to conceal his identity and accumulate on the winning admission with the assistance of others.

After digging through among the most complex scandals within the state’s 26-year lottery history, detectives hit paydirt whenever they gave immunity to A canadian guy, Philip Johnston, who had been hired by Tipton. The information received generated Tipton’s arrest this and he is currently being held on $10,000 bail at the Polk County Jail on two felony counts of fraud week.

Hot Lotto, Cold Case

Tipton is charged with purchasing A lotto that is hot ticket December 29, 2010, at A des Moines Quick Trip gas station.

At the time, the jackpot was valued at $16.5 million, with a money option of $10,750,000. The Iowa Lottery unveiled a winning ticket had been sold, however no winner had come forward.

Within the issue, county prosecutors assert that Tipton contacted a Texas lawyer who arranged to hire Johnston to claim the jackpot, but lottery officials refused to payout following the Canadian’s story didn’t add up.

The case went unsolved until just hours prior to the one-year deadline that is claiming.

In December of 2011, New York attorney Crawford Shaw presented the winning ticket on behalf of Hexam Investments Ltd., a trust arranged to protect the identity associated with the winner. When Shaw declined to answer questions about the ticket purchaser’s identification and those involved with its handling, payment was denied.

Authorities were not yes whether the owner that is original of ticket had been the victim of a nasty criminal activity or had committed a criminal activity, but they did understand something smelled fishy.

Whenever surveillance movie was made public of a tipton that is disguised the ticket, a former co-worker came forward. Authorities additionally collected evidence after granting Johnston resistance in return for information on the ticket owner that is original.

Ironic Twist

Headquartered in Iowa, the Multi-State Lottery Association (MUSL) is just a group that is non-profit of 31 member states, the District of Columbia, and U.S. Virgin Islands.

In addition to the Lotto that is hot overseas Powerball and coordinates with Mega Millions. Tipton’s job performance in information safety might have ironically led to his downfall.

Iowa Lottery CEO Terry deep told reporters, ‘ We have strong security procedures in place to protect and ensure the integrity of our games and we absolutely believe this full instance indicated those processes worked to guard lottery players, lottery games, and lottery awards.’

Since Tipton was aware of confidential security information and protocol, he was prohibited from playing the lottery, but nonetheless felt his scheme would not be detected. ‘We all understand there will be individuals who will try and beat the device. We have and can continue to update our security procedures to recognize vulnerabilities to force away them,’ Rich explained.

Hot Lotto isn’t televised drawing. Rather, the lottery makes use of random number generators. Detectives continues to examine the case, because they hope to find out whether Tipton somehow influenced the computer’s generated numbers.

Caesars Bankruptcy Plans Get Destroyed In Court

Caesars’ intends to restructure its astronomical debt has met a big hurdle in the shape of US District Judge Shira Scheindlin, whom says that its plans are a breach of federal law. (Image: finechinagirl.com)

Caesars Entertainment’s (CZR) plans to place its main operating arm, Caesars Entertainment running business (CEOC), into Chapter 11 bankruptcy hit a setback that is major week when a

New York judge ruled that its reorganization efforts have actually violated federal legislation.

Caesars happens to be involved in months of negotiation and litigation featuring its bondholders as it attempts to restructure some $18 billion of its debt.

But the team’s lower level creditors argue that its restructuring plan, worked out with its creditors that are major unjustly protects the business’s interests during the cost of these own.

When Caesars filed for voluntary bankruptcy court in Chicago a week ago, these creditors had already filed a suit of their very own against Caesars, for involuntary bankruptcy, three days previously in a court in Delaware.

The hearing this week in Manhattan was an endeavor by Caesars to have the Delaware filing dismissed, a move that ultimately caused the company more harm than good.

Render Unto Caesars…

US District Judge Shira Scheindlin ended up being critical of CZR, ruling that creditors’ accusations concerning the transfer of valuable properties away from CEOC over the summer, also the CZR’s removal of guarantees for creditors, were a violation of the federal Trust Indenture Act of 1939.

It absolutely was exactly this type or kind of ‘impermissible out-of-court restructuring’ that the Act was made to avoid, she said.

Caesars’s astronomical, industry-high debt stems from 2008 when it was purchased out by Apollo worldwide Management and TPG Capital in a $30.1 billion takeover.

This had been just like the recession began to ravage the casino industry in the us, and Caesars, then with 50 casinos throughout the US, bore the brunt of that recession.

Caesars has lost money every year since 2009, and recently posted Q3 losses of $908.1 million.

It has regularly struggled to spend the interest on its debt, final month defaulting on a $225 million payment.

According to Judge Scheindlin, the dissident bondholders’ complaint alleges that Caesars’ ‘ultimate plan’ is always to place CEOC ‘into bankruptcy while protecting Apollo Management LP and TPG Inc. from CEOC’s creditors.’

The group of creditors has additionally accused the company of trying to develop a ‘good Caesars’ and a ‘bad Caesars,’ someone to own the valuable and properties that are iconic one to support the debt.

Bankruptcies Frozen

Caesars has countered that the group is wanting ‘to wreak havoc on the orderly procedure the debtors, their specialists, and the many consenting stakeholders have been finding your way through months.’

‘We think this restructuring is within the most readily useful interests of CEOC’s stakeholders and can lead to a capital that is sustainable for CEOC and value creation for all stakeholders,’ said Gary Loveman, CEO of Caesars Entertainment and chairman of CEOC, recently. ‘The restructuring of CEOC could be the culmination of an effort that is years-long improve the wellness of CEOC’s stability sheet, which has included significant investment in new and upgraded assets, specially in Las Vegas.’

Meanwhile, the two bankruptcy instances are effortlessly frozen until the judge in Delaware decides which court shall preside over the bankruptcy proceedings.

This week in a statement, Caesars spokesman Stephen Cohen said the company was unfazed by the court ruling. ‘Given how big the claims at issue and our strong defenses, we do not expect the ruling to influence the planned reorganization,’ he said.

NCLGS Adopts Policy Framework for Online Gambling Regulation

NCLGS president Helene Keeley says that the organization’s framework will give states guidance on crafting online gambling legislature. (Image: mainstreet.com)

November the National Council of Legislators from Gaming States (NCLGS) has voted to adopt a policy framework that was first published last.

The NCLGS, that will be composed of legislators from numerous states that have active gambling industries, has been focusing on the policy framework since 2013.

Called the insurance Policy Framework for the Regulation of Internet Gaming, the NCLGS policy statement was made to provide states some guidance in how to enact online gambling legislation when they elect to achieve this.

Following the latest amendments towards the framework, it was explained that the NCLGS was not making a statement for or against online gambling, but rather providing a framework that is basic legislators could work from when developing their own Web gambling legislation.

‘ Thanks to the input of a myriad of interested parties, the Framework is informed and balanced and, we’m proud to say, is just a hallmark of NCLGS efforts to date,’ stated State Representative Helene Keeley, (D-Delaware), president of this NCLGS. ‘It’s time for states that are more likely to welcome Internet gambling to take an in-depth look at exactly what the Framework provides.’

Framework Highlights Ten Areas of Focus

The primary focus of the framework had been to deal with the most crucial areas that governments should regulate when legalizing on the web gambling.

In particular, ten issues were highlighted, ranging from taxation and licensing to payment processing, confirming player identities (including age and location), how to create multi-jurisdictional agreements, and exactly what games are offered.

While the framework isn’t legislation on its own, it can be used as being a structure that is bare-bones which a law is built.

The existence of the framework could eventually prove valuable in future efforts to regulate on line gambling, and never just because it provides a starting point.

Simply having an NCLGS framework to function from should provide legislators with interest in the issue some credibility, because it demonstrates that serious thought and input went into the issue from the variety of parties.

It could also help ensure that states work from the same playbook that is basic the issue, increasing the chances that state legislation will be compatible with each other in the future.

While the framework is virtually identical to the one released in November after a round that is second of (albeit with some amendments, including stronger security for player funds), it could not be considered an official NCLGS policy framework until this month’s vote.

Commentators who had influence regarding the framework include the Alderney Gambling Control Commission and the North American Association of State and Provincial Lotteries.

More States Considering Online Gambling in 2015

The NCLGS framework comes at a time when an escalating number of states are considering gambling legislation that is online.

In California, legislators are again giving Internet poker a look, with Assemblyman Mike Gatto having already ladbrokes casino careers introduced a bill in today’s session, albeit one with some controversial clauses.

In other states, online gambling efforts are facing longer odds.

In Washington, efforts are underway to decriminalize on line gambling and maybe also regulate online poker, though the bill leaves most of the actual laws to the state gaming commission.

Meanwhile, Representative Bobby Moak (D-53rd District) has introduced still another Internet gambling bill in Mississippi, although the prospects for what the law states seem little better than in previous years.

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