Daily Archives: January 24, 2011

A Brief Look at Crime 01/10 – 01/16

Theft to fund gambling nets jail

A 58-year-old Port Hardy woman who stole more than $400,000  from Softball B.C. and lost it all gambling, has been sentenced to  three years in prison. Elliott stole $406,731.01 by making 173 transfers from Softball  B.C. to her own account.  The theft was discovered by a newly hired vice-president of finance  who confronted her, forcing Elliott to confess. “She then said that she took the money and gambled, thinking that  she could win and pay the money back. Of course, she lost all the  money. She said that she ended up taking more and more to try and  get back what she had lost. She described herself . . . as a  gambling addict and a thief.”

Woman held at Conn. casino on trafficking charges

A woman accused of participating in a crime ring that smuggled Korean women to work in brothels across the northeastern United States has been arrested while gambling inside a casino, federal authorities said Monday. An Soon Kim, who recently was profiled on “America’s Most Wanted,” had been sought since August 2006, when authorities swept up more than 30 other people charged with involvement in the trafficking ring.

The staff of the Uncasville casino had been on the lookout for the 53-year-old Kim since an employee from the slot machine floor saw the “America’s Most Wanted” television program and recognized her as a repeat customer. Kim’s file was flagged, and when she returned on Friday the security staff notified state police, casino executive vice president Ray Pineault said.

Marquet International Annual Report on Embezzlement Released

Marquet International Ltd. announced today that it has released The 2010 Marquet Report On Embezzlement – its annual study of major embezzlement cases in the United States. The study examined 485 major embezzlement cases active in the US in 2010 – those with more than $100,000 in reported losses.

Some noteworthy findings from the 2010 study include:

  • The average loss was nearly $1 million
  • The most common embezzlement scheme involved the forgery or  unauthorized issuance of company checks
  • Two-thirds of the incidents were committed by employees who held  finance & accounting positions
  • The average scheme lasted more than 4½ years
  • The average prison sentence for major embezzlers was just under 4 years
  • Nearly 2/3 of all incidents involved female perpetrators
  • Nearly 20 percent of all losses were inflicted upon financial  institutions

“Sadly, 2010 was a banner year for employee theft in the United States,” said Christopher T. Marquet, CEO of Marquet International. “It is staggering how much money was stolen from companies last year by their employees, spanning many years in some cases before getting caught,” he said.  Gambling is a clear motivating factor in driving some major  embezzlement cases.

IMG Head Ted Forstmann Opens Up About Gambling Scandal

Ted Forstmann is the Chairman and CEO of IMG Worldwide, which is a global  entertainment, sports and media company representing the likes of Tiger Woods and Roger Federer.  In recent months he has come under intense scrutiny after being named in a lawsuit that claims Forstmann facilitated gambling activities that could have potentially changed the outcome of sporting events such as tennis.

Forstmann has denied such allegations, the most damning of which was his having raised a bet from $10,000 to $40,000 after receiving “insider information” on a tennis match featuring IMG represented Roger Federer. The NCAA and pro tennis bodies have since banned IMG’s nearly 3,000 worldwide employees from making bets on college sports, even March Madness office pools, though they found that Forstmann himself had not committed any violations.

2 Israelis extradited to US on murder charges

Israeli police say two suspected leaders of one of the country’s most powerful crime families are being extradited to the U.S. to face murder, drug and racketeering charges. Police spokesman Micky Rosenfeld says U.S. marshals escorted brothers Itzhak and Meir Abergil onto a plane to Los Angeles. Israel arrested the men in 2008 after a U.S. court charged them with using a San Fernando Valley gang to distribute 1 million ecstasy pills and paying a gang member to kill a man for stealing a drug shipment. Police say the Abergils head a powerful crime syndicate with interests in drugs and gambling.

Woman faces jail for theft from employer

A 60-year-old Winnipeg woman is facing a possible three-year prison term following a decade-long fraud that saw her pilfer $450,000 from her employer. “She took as much as the profit was in some years, maybe more,” owner Stan Vrsnik was quoted as saying in a victim impact statement read out in court. The losses “kept Robin Electric from growing and reaching its full potential,” daughter Nina Vrsnik wrote in a victim impact statement. She said the losses forced the business to lay off two electricians last year. Court heard Rekken spent the money on gambling, alcohol and “daily expenses.” She has yet to repay any of the money she stole, Ambrose said.

Massachusetts: Wife of Congressman Sentenced to Prison on Tax Charges

The wife of Representative John F. Tierney was sentenced Thursday  to 30 days in prison on tax charges for helping her brother conceal income from an illegal offshore gambling business. Under a plea agreement, prosecutors had asked that Patrice Tierney be sentenced to two years of probation, with three months spent in home confinement. Her lawyer asked for straight probation. But Judge William Young of United States District Court said  that Ms. Tierney should be given some prison time as a deterrent. The prison sentence will be followed by five months of home confinement. Mr. Tierney, a Democrat, has said that his wife was betrayed by her brother and that she believed that his income came from selling or licensing software to legal Internet gambling businesses.

Enhaut man killed in his home was a bookie, friend claims

The 74-year-old retiree, who was stabbed to death Tuesday in his Swatara Township home, also was one of the area’s biggest sports bookies, a longtime friend told The Patriot-News on Thursday.  Troutman, known by the nickname “Fish,” took sports bets from clients in bars and likely had a considerable amount of cash on him, the friend told the newspaper, speaking on a condition of anonymity because of fear of legal repercussions.  Troutman’s possible involvement in illegal gambling is one of many avenues being investigated by authorities, Dauphin County District Attorney Edward M. Marsico Jr. said. There are no suspects, but people who knew Troutman are being questioned, he said.

And for more information on the dangers of gambling, please visit CASINO WATCH, & CASINO WATCH FOUNDATION