Three trainers and a clocker based at Penn National Race Course were arrested Friday, Nov. 22 after a federal grand jury indicted them on fraud charges in connection with races and workouts at the Grantville, Pa. track.
A California jury has determined that trainer Julio Canani and Roger Licht, a former chairman of the California Horse Racing Board, defrauded Jeffrey Nielsen's Everest Stables in a number of horse transactions in 2008.
Jurors in a Kentucky state courthouse are basically asked to believe one of two things pertinent to a civil lawsuit being tried there: Former Kentucky resident Paula Singer was either fired from Bluegrass Bloodstock Agency in 2001 for being a poor manager; or, that the former head of the company's equine insurance division was unjustly terminated because she was on the verge of uncovering a scheme of international fraud involving her boss.
More than two years after the first federal lawsuits were filed in connection to the former ClassicStar broodmare lease operation, efforts are being made to clear legal logjams that have impeded resolution of now multiple disputes.
Fraud prevention and tax planning was the focus of a series of seminars held in Lexington, Ky., Sept. 12.
Horse sale legislation filed Thursday and supported by California winemaker and horseman Jess Jackson would require disclosure of ownership and medical records of horses sold at public auction in Kentucky.
Prominent horsemen in a civil lawsuit involving alleged horse auction fraud are apparently taking initial steps toward an out-of-court settlement, according to documents recently filed in a Texas federal court.
Jess Jackson, the California winemaker who has been pushing for ethics reform in public and private horse sales since filing suit against three former advisers last September, should have felt right at home Wednesday while addressing a roomful of attorneys attending the University of Kentucky Equine Law Seminar in Lexington.
"I'm not fighting the world here," said Jess Jackson, the California winemaker whose lawsuit against his former bloodstock advisers heated up last week.
Airdrie Stud owner Brereton C. Jones said he paid consulting fees and commissions of at least $130,000 after two Keeneland sales to trainer Bruce Headley, one of six defendants in a lawsuit filed by California winemaker Jess Jackson for fraudulent misrepresentation in the purchase of horses and horse farm property.
Attorneys for Emmanuel de Seroux and his Narvick International bloodstock agency issued a statement late Tuesday saying their client has done nothing wrong and, in fact, is owed money by Jess Jackson, the California winemaker who sued de Seroux and five others for alleged fraudulent misrepresentation in numerous bloodstock transactions from 2003-05.
Attorneys for Jess Jackson have named three additional defendants and new fraud charges involving the wine magnate's bloodstock acquisitions and purchase of the former Buckram Oak Farm in Kentucky in a motion for leave to file an amended complaint to the Superior Court of California in San Diego. The motion was filed March 9.
Koichiro Hayata, a veterinarian who owned and operated Japan's C.B. Stud with his wife, Yukiko, has begun serving a five-year sentence in a Japanese prison for misusing syndicate funds of stallions he managed.
- By Ray Paulick
By Ray Paulick -- The Jockey Club of England apparently is poised to clamp down on the fleecing of horse owners by banning agents and trainers found to be in serious violation of an industry code of ethics from the country's 59 racecourses.
The "inside man" in the Breeders' Cup Ultra Pick 6 betting scam was sentenced March 20 2003, to a year and a day--the least amount of jail time for the three fraternity brothers involved in the case.
The New York Racing Association has announced it has terminated the 16 pari-mutuel employees who pleaded guilty this week to charges relating to federal tax fraud.
Former Calumet Farm president J.T. Lundy got a four and half year prison sentence for defrauding a Houston bank out of $65 million. Gary Matthews, the farm's former chief financial officer, got 21 months. Alydar became part of the hearing, but the judge found no conclusive evidence the stallion was killed for insurance money, as federal prosecutors alleged.
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