Lisa Underwood, the KHRA's executive director, said April 21 that an investigation is underway regarding the agreement. "We had an agreement we entered into last fall, and we are in the process of enforcing that agreement," Underwood said. Underwood would not provide additional details of the investigation and said more information would be forthcoming soon.
In January of this year, Biancone and his client Fabien Ouaki entered into a contract to purchase the training division of Hurricane Hall near Lexington. Under an agreement reached with the Kentucky Horse Racing Authority that took effect last Nov. 1, Biancone will not have a trainer's license for at least a year. That agreement resulted from the detection of cobra venom, a prohibited substance under Kentucky rules of racing, in a refrigerator in one of his barns at Keeneland. The venom is a prohibited substance and a Class A drug under Kentucky's rules of racing. Biancone contended he had no knowledge of the cobra venom being in his barn.
Under the agreement, Biancone was suspended for six months but agreed that he would not apply for a trainer’s license for a year.
Under the agreement, during the first six months of the suspension Biancone was prohibited from entering any racetrack, although he was permitted to attend the Keeneland January Horses of All Ages sale held at the track at a time when there was no racing. The agreement stipulated that Biancone could attend races, but remain only in the public areas of any racetrack, during the second six months of the suspension.
Biancone is allowed to act as a bloodstock agent, consultant, or manager while he is suspended.
During its April 21 regular meeting, the authority met in executive session for two hours but took no official action once the closed meeting was over. Underwood said she could reveal what was discussed during the session because no action was taken on the matter.