In an affidavit unsealed by court order Friday, an FBI agent alleged that the late Charlotte businessman Rick Siskey was operating a Ponzi scheme in which investor money was largely used to pay off other investors and to fund personal spending, including payments to casinos. The affidavit said a financial analysis showed that from January 2011 to November 2015 about $31 million was invested in TSI’s account at Bank of America. About $23.5 million came from about 100 TSI investors, according to the affidavit. According to the affidavit, Siskey sent over $15 million from his personal account to casinos, with about $12 million coming back in from casinos, for a net outflow of about $3 million. Information from numerous casinos showed “a pattern of extensive high stakes gambling by Siskey, to include bets of as much as $70,000 per hand,” the affidavit says.
The former business manager for Alanis Morissette admitted embezzling more than $7 million from the singer and other celebrities and agreed to plead guilty to federal charges, prosecutors said Wednesday. Schwartz admitted stealing nearly $5 million from Morissette between May 2010 and January 2014. He used the money personally and falsely listed the cash withdrawals as “sundry/personal expenses” to cover up the crime.”This was shocking and disappointing,” Reeder said. “The company is very happy he’s being brought to justice and held accountable for his actions.” Reeder said GSO has since repaid all the money he stole from clients. The firm’s pending lawsuit against Schwartz said he used the money to fuel a lavish lifestyle that included a $50,000 trip to Bora Bora and a $75,000 debt at a Bahamas casino.
Washington County Sheriff Richard Stringer says his deputies arrested more than twenty people in a major dog fight raid Saturday night. Authorities say they have been investigating this crime for several months, but a tipster told them that the fight would be happening last night. The dog fighting took place in a clearing behind an abandoned home on Highway 45, about a mile east of the Mississippi State Line. The dog fighting pit was surrounded by trees and very organized, according to police. Investigators say there were people from Alabama, Mississippi, Georgia, Florida, Louisiana and Texas at the fight. The sheriff says this was a huge money maker because they were “championship fighting dogs” in a crime that includes the possible death or injury to the animal and illegal gambling where thousands of dollars are bet on the outcome of the vicious fight.
Detectives are investigating what appears to have been a suicide pact involving an Indian family of four after the bodies of a father and son were discovered alongside the man’s wife and another son, both unconscious, in a five-star hotel room at a Macau casino resort on Wednesday. The tragedy comes as figures for 2016 released by Macau police revealed a 19.2 per cent year-on-year rise in casino-related crime in the city. Among a total of 1,851 casino-related crimes recorded in 2016 were cases of abduction, extortion and usury, which are typically connected to gambling-related loan sharking. The authorities classify crimes as gaming-related when they take place inside a casino.
Investigative records show Lancaster Mayor Brian Kuhn not only gambled with his wife, who is a self-proclaimed addict who embezzled thousands of dollars to feed her habit, but he also gambled and lost more than she did. Kuhn has never identified himself as an addict despite visiting Hollywood Casino, Columbus 252 times from October 2012 to September 2015, records show. During this time, he gambled more than $1.8 million, they show. In contrast, Bridget Kuhn, who has admitted she has a gambling addiction and been classified as a “high roller” by the Ohio Casino Control Commission, went to casinos 264 times over 36 months, the records show, including while she was under investigation, and spent more than $1.5 million — most of it on slot machines. Brian Kuhn and his wife — who was indicted for embezzling about $350,000 from her former employer Frazier Electric and American Legion Post 11 — lost a total of about $214,200 playing slot machines and table games in 36 months, according to the records. Brian Kuhn told the Eagle-Gazette more than a year ago after his wife’s indictment that there were a lot of things he would like to say, but couldn’t per the advice of his attorney. He knew his wife was under investigation but said he didn’t know any more than that. “The less I knew, the better off I think I was,” he told the Eagle-Gazette in December 2015. At the time, he would not confirm whether Bridget Kuhn had a gambling problem or whether they gambled together.
Police are checking into whether gambling may be tied to the shooting death of a man in Waterloo. The 55-year-old man was found wounded in a parking lot early Sunday morning. Police say he died later at a hospital. He’s been identified as Denelius Nesby, who lived in Waterloo. No arrests have been reported. Police say one of the leads being pursued is a report that Nesby had been robbed of his winnings from a nearby gambling establishment.
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