Iowa Lottery Worker Arrested for Holding $16.5 Million Lottery Ticket

After a four-year investigation, Iowa Lottery officials believe a member of staff fraudulently won the $16.5 million Hot Lotto jackpot. (This winning ticket had been from a past Lotto draw for the same amount).
Iowa Lottery officials say they’ve finally solved a mysterious four-year investigation regarding the unidentified owner of the $16.5 million Hot Lotto ticket that is winning.
The path led authorities to an unlikely source: a lottery worker who himself is not allowed to buy 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 their employment because the director of data securities because of the Multi-State Lottery Association.
Investigators determined that Tipton went along to great lengths to conceal their identity and accumulate on the ticket that is winning the support of others.
After digging through one of many most complex scandals into the state’s 26-year lottery history, detectives hit paydirt whenever they gave resistance to A canadian guy, Philip Johnston, who had been hired by Tipton. The data received resulted in 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 that time, the jackpot was valued at $16.5 million, with a cash option of $10,750,000. The Iowa Lottery revealed a winning ticket had been offered, however no winner had come forward.
In 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 accumulate.
The case went unsolved until just hours before the one-year deadline that is claiming.
In December of 2011, New York lawyer Crawford Shaw presented the winning ticket on behalf of Hexam Investments Ltd., a trust arranged to safeguard the identity of the winner. When Shaw declined to answer questions concerning the ticket purchaser’s identification and people involved with its handling, payment had been denied.
Authorities weren’t certain whether the owner that is original of ticket had been the victim of a nasty criminal activity or had committed a crime, but they did know something smelled fishy.
When surveillance video clip was made public of a tipton that is disguised the admission, a former co-worker came forward. Authorities additionally collected evidence after giving Johnston resistance in return for information on the original ticket owner.
Ironic Twist
Headquartered in Iowa, the Multi-State Lottery Association (MUSL) is a non-profit group consisting of 31 member states, the District of Columbia, and U.S. Virgin isles.
In addition to the Hot Lotto, MUSL overseas Powerball and coordinates with Mega Millions. Tipton’s task performance in information safety may have ironically resulted in his downfall.
Iowa Lottery CEO Terry deep told reporters, ‘ We have strong protection procedures in spot to protect and ensure the integrity of our games and we absolutely believe this full situation indicated those processes worked to safeguard lottery players, lottery games, and lottery awards.’
Since Tipton had been privy to private security information and protocol, he was banned from playing the lottery, but nevertheless felt his scheme wouldn’t be detected. ‘We all understand there is always those who will try and beat the machine. We have actually and can continue to update our security procedures to determine vulnerabilities to drive back them,’ deep explained.
Hot Lotto is not a televised drawing. Rather, the lottery uses random number generators. Detectives continues to examine the way it is, as they hope to ascertain 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 proper execution folks District Judge Shira Scheindlin, whom says that its plans are a definite violation of federal law. (Image: finechinagirl.com)
Caesars Entertainment’s (CZR) plans to put its main operating arm, Caesars Entertainment working Company (CEOC), into Chapter 11 bankruptcy hit a major setback this week when a
New York judge ruled that its reorganization efforts have actually violated law that is federal.
Caesars has been involved in months of negotiation and litigation having its bondholders as it attempts to restructure some $18 billion of its debt.
But the group’s reduced level creditors argue that its restructuring plan, worked out with its creditors that are major unjustly protects the company’s interests at the expense of the own.
When Caesars filed for voluntary bankruptcy court in Chicago week that is last these creditors had already filed a suit of unique against Caesars, for involuntary bankruptcy, three days earlier in a court in Delaware.
The hearing this in Manhattan was an attempt by Caesars to have the Delaware filing dismissed, a move that ultimately caused the company more harm than good week.
Render Unto Caesars…
US District Judge Shira Scheindlin was critical of CZR, ruling that creditors’ accusations about the transfer of valuable properties far from CEOC over the summer time, in addition to the CZR’s removal of guarantees for creditors, were a violation of the Trust that is federal Indenture of 1939.
It had been exactly this kind of ‘impermissible out-of-court restructuring’ that the Act was built to avoid, she said.
Caesars’s astronomical, industry-high debt comes from 2008 when it was bought out by Apollo Global Management and TPG Capital in a $30.1 billion takeover.
This was just as the recession began to ravage the casino industry in America, and Caesars, then with 50 casinos across 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 consistently struggled to pay the attention on its debt, last month defaulting on a $225 million payment.
Based on Judge Scheindlin, the dissident bondholders’ issue alleges that Caesars’ ‘ultimate plan’ would be to put CEOC ‘into bankruptcy while protecting Apollo Management LP and TPG Inc. from CEOC’s creditors.’
The number of creditors has additionally accused the company of wanting to produce a ‘good Caesars’ and a ‘bad Caesars,’ anyone to own the valuable and properties that are iconic anyone to support the financial obligation.
Bankruptcies Frozen
Caesars has countered that the group is wanting ‘to wreak havoc on the process that is orderly debtors, their specialists, and the many consenting stakeholders have been preparing for months.’
‘We believe this restructuring is within the most readily useful interests of CEOC’s stakeholders and will result in a sustainable capital structure for CEOC and value creation for all stakeholders,’ said Gary Loveman, CEO of Caesars Entertainment and chairman of CEOC, recently. ‘The restructuring of CEOC is the culmination of an effort that is years-long increase the health of CEOC’s balance sheet, which has included substantial investment in new and upgraded assets, specially in Las Vegas.’
Meanwhile, the two bankruptcy cases 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 is the claims at issue and our defenses that are strong we do not really expect the ruling to impact the planned reorganization,’ he said.
NCLGS Adopts Policy Framework for Online Gambling Regulation
NCLGS president Helene Keeley states that the organization’s framework shall offer states guidance on crafting on the web 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 comprised of legislators from numerous states that have active gambling companies, has been working on the policy framework since 2013.
Known as the Policy Framework for the Regulation of Internet Gaming, the NCLGS policy statement was built to provide states some guidance in how to enact Internet gambling legislation if they decide to do this.
Following the latest amendments to the framework, it was made clear that the NCLGS was not creating a declaration for or against online gambling, but instead providing a basic framework that legislators could work from when developing their own Internet 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 a hallmark of NCLGS efforts to date,’ said State Representative Helene Keeley, (D-Delaware), president of this NCLGS. ‘It’s time for states that are inclined to welcome Internet gambling to take a look that is in-depth what the Framework provides.’
Framework Highlights Ten Areas of Focus
The main focus of the framework had been to handle the main areas that governments should manage when legalizing online gambling.
In particular, ten issues were highlighted, which range from taxation and licensing to payment processing, verifying player identities (including age and location), exactly how to create multi-jurisdictional agreements, and exactly what games is offered.
While the framework is not legislation on its own, it could be utilized as a bare-bones structure on which a law could be built.
The presence of the framework could ultimately show valuable in future efforts to regulate on the web gambling, and never just because it provides a kick off point.
Simply having an NCLGS framework to get results from should provide legislators with interest in the problem some credibility, because it implies that serious thought and input moved into the problem from the selection of parties.
It might additionally help ensure that states are working through the same playbook that is basic the issue, increasing the chances that state rules will be compatible with each other in the future.
While the framework is quite similar to the one released in November after a second round of commenting (albeit with a few amendments, including stronger protection for player funds), it could not be considered the state NCLGS policy framework until this month’s vote.
Commentators that has influence regarding the framework include the Alderney Gambling Control Commission plus the North American Association of State and Provincial Lotteries.
More States Considering On Line Gambling in 2015
The NCLGS framework comes at a time when an increasing quantity of states are considering online gambling legislation.
In California, legislators are once again giving Internet poker a look, with Assemblyman Mike Gatto having already 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 online gambling as https://casino-online-australia.net/ladbrokes-casino-review/ well as perhaps also control poker that is online although the bill leaves most of the real laws to the state gaming commission.
Meanwhile, Representative Bobby Moak (D-53rd District) has introduced yet another Web gambling bill in Mississippi, although the prospects for the law seem little better compared to previous years.
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