Iowa Lottery Worker Arrested for Holding $16.5 Million Lottery Ticket

    Iowa Lottery Worker Arrested for Holding $16.5 Million Lottery Ticket

    Iowa Lo<span id="more-4981"></span>ttery Worker Arrested for Holding $16.5 Million Lottery Ticket

    After an investigation that is four-year Iowa Lottery officials believe a member of staff fraudulently won the $16.5 million Hot Lotto jackpot. (This winning ticket was from a previous Lotto draw for the same amount).

    Iowa Lottery officials say they’ve finally solved a mystical 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 isn’t allowed to get a ticket, as a matter of conflict of interest.

    The Iowa Division of Criminal Investigation claims 51-year-old Eddie Raymond Tipton purchased the ticket in 2010, despite being prohibited from playing because of their employment because the director of data securities with the Multi-State Lottery Association.

    Investigators determined that Tipton visited great lengths to conceal his identity and accumulate on the winning solution with the help of others.

    After digging through among the most complex scandals in the state’s 26-year lottery history, detectives hit paydirt whenever they gave resistance to a man that is canadian Philip Johnston, who was simply hired by Tipton. The info received led to 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 diverses Moines Quick Trip gas station.

    During the time, the jackpot was respected at $16.5 million, with a money option of $10,750,000. The Iowa Lottery revealed a ticket that is winning been sold, nonetheless no winner had come forward.

    Into 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 after the Canadian’s story didn’t accumulate.

    The case went unsolved until simply hours before the one-year claiming deadline.

    A trust set up to protect the identity of the winner in December of 2011, New York attorney Crawford Shaw presented the winning ticket on behalf of Hexam Investments Ltd. When Shaw refused to answer questions concerning the ticket purchaser’s identification and those involved with its handling, payment ended up being denied.

    Authorities weren’t sure whether the owner that is original of ticket had been the victim of a bad criminal activity or had committed a crime, but they did know something smelled fishy.

    Whenever surveillance movie was made public of a disguised tipton purchasing the admission, a former co-worker arrived 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 just a non-profit group consisting of 31 member states, the District of Columbia, and U.S. Virgin Islands.

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

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

    Since Tipton ended up being aware of security that is confidential and protocol, he was prohibited from playing the lottery, but nonetheless felt his scheme wouldn’t be detected. ‘We all know there is always those who will try and beat the system. We have actually and certainly will continue to upgrade our security procedures to spot weaknesses to protect against them,’ Rich explained.

    Hot Lotto is not a televised drawing. Rather, the lottery utilizes random number generators. Investigators will continue to examine the situation, while 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 shape people District Judge Shira Scheindlin, whom says that its plans are a breach of federal law. (Image:

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

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

    Caesars is involved in months of litigation and negotiation using its bondholders as it tries to restructure some $18 billion of its debt.

    But the team’s reduced level creditors argue that its restructuring plan, worked out with its major creditors, unjustly protects the business’s interests at the expense of the own.

    When Caesars filed for voluntary bankruptcy court in Chicago the other day, these creditors had already filed a suit of their own against Caesars, for involuntary bankruptcy, three times 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 ended up being critical of CZR, ruling that creditors’ accusations about the transfer of valuable properties far from CEOC over the summer, also the CZR’s elimination of guarantees for creditors, were a violation of the Trust that is federal Indenture of 1939.

    It had been exactly this type or kind of ‘impermissible out-of-court restructuring’ that the Act was built to prevent, she said.

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

    This ended up being just like the recession began to ravage the casino industry in America, and Caesars, then with 50 casinos across the United States, bore the brunt of that recession.

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

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

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

    The number of creditors in addition has accused the company of attempting to create a ‘good Caesars’ and a ‘bad Caesars,’ one to own the valuable and properties that are iconic one to keep the debt.

    Bankruptcies Frozen

    Caesars has countered that the team is trying ‘to wreak havoc on the process that is orderly debtors, their professionals, and the many consenting stakeholders have been preparing for months.’

    ‘We believe this restructuring is within the most useful interests of CEOC’s stakeholders and can lead to 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 may be the culmination of a years-long effort to increase the health of CEOC’s balance sheet, which has included substantial investment in brand new and upgraded assets, particularly in Las Vegas.’

    Meanwhile, the two bankruptcy instances are efficiently 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 problem 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 claims that the organization’s framework shall offer states guidance on crafting online gambling legislature. (Image:

    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 consists of legislators from many states that have active gambling companies, has been focusing on the insurance policy framework since 2013.

    Referred to as the Policy Framework for the Regulation of Internet Gaming, the NCLGS policy statement was designed to provide states some guidance in how to enact online gambling legislation when they decide to do so.

    Following the latest amendments to your framework, it was clarified that the NCLGS was not creating a statement for or against online gambling, but instead providing a framework that is basic legislators could work from when developing their own online gambling legislation.

    ‘ Thanks to the input of a myriad of interested parties, the Framework is informed and balanced and, I’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 exactly what the Framework provides.’

    Framework Highlights Ten Areas of Focus

    The primary focus of the framework had been to address the most important areas that governments should manage when online that is legalizing gambling.

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

    While the framework is not legislation on its own, it can be properly used being a bare-bones structure on which a law are built.

    The presence of the framework could ultimately show valuable in future efforts to regulate on line gambling, and not just because it includes a point that is starting.

    Simply having an NCLGS framework to the office from should provide legislators with desire for the problem some credibility, because it suggests that serious thought and input has gone into the issue from the selection of parties.

    It might also assist ensure that states are working through the same basic playbook on the issue, increasing the chances that state laws will be compatible with one another in the future.

    While the framework is very similar 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 that has influence on the framework include the Alderney Gambling Control Commission plus the us Association of State and Provincial Lotteries.

    More States Considering Online Gambling in 2015

    The NCLGS framework comes at a time when a growing number 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 the present 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 the web gambling as well as perhaps also manage online poker, though the bill leaves nearly all of the actual regulations to the state gaming commission.

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