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NewsResults 121 - 130 of 464 for fraud. (0.03 seconds)

Lottery jackpot rigger's Iowa convictions dismissed
Has little practical impact on case The Iowa Supreme Court has dismissed the conviction of an Iowa man who just last week pleaded guilty in federal court to charges related with rigging lottery computers in order to win jackpots. The court issued a ruling Friday dismissing Eddie Tipton's conviction for tampering with lottery equipment. The ruling said the statute of limitations on one of the counts against him had expired and improper instructions given on the other count could have influe
Jun 23, 2017, 11:36 am - Lottery News

The 5 lottery jackpots Tipton and his friends stole
Eddie Tipton, the now-infamous former security chief at the Multi-State Lottery Association (MUSL), is accused of installing software on Random Number Generators that allowed him to predict winning combinations for drawings that occurred on three dates every non-leap year Nov. 23, Dec. 29 and May 27. So far, Tipton and his associates have been linked to winning tickets in five states between 2005 and 2011. Here are the details: Colorado, Nov. 23, 2005: Tipton's brother Tommy Tipton, a Tex
Jun 20, 2017, 8:01 am - Lottery News

FBI missed rigged jackpot in 2006 before lottery scheme grew
Investigators were suspicious in 2006 when they heard that a rural Texas judge was trying to exchange $450,000 in consecutively marked bills. But Tommy Tipton, a Fayette County magistrate, told the FBI that his actions were innocent, if odd: He won the Colorado lottery but couldn't tell his wife because gambling was against their Christian faith. The FBI accepted the story and dropped its inquiry of Tipton, who soon bought a new truck and more property around the town of Flatonia, 110 miles (
Jun 19, 2017, 8:51 am - Lottery News

Mastermind of lottery fraud will explain how he rigged jackpots
Lottery Post's warning to the lottery industry about computerized drawings, issued more than a decade ago, is about to be confirmed as fact by Eddie Tipton, a former Multi-State Lottery Association (MUSL) security director. A lottery programmer will tell investigators how he was able to use his position to rig state jackpots for years and he and his brother will repay $3 million in prizes they improperly claimed, under a plea agreement released Monday. Prosecutors will seek a 25-year priso
Jun 12, 2017, 9:21 pm - Lottery News

N.Y. men arrested for redeeming winning lottery tickets for people in debt
Seven retailers suspended for colluding Two New Yorkers were tossed behind bars in the state's first-ever arrests of lottery scammers accused of secretly claiming winning tickets for people who owe child support, back taxes or other debts. Eduardo Moran-Barrera, 63, of the Bronx, claimed a total of 686 tickets worth a whopping $1.48 million in lottery winnings between 2012 and 2016, officials said. Neil Ferguson, 50, of Manhattan, raked in $273,139 after claiming 91 winning tickets over
Jun 10, 2017, 7:40 am - Lottery News

Iowa Lottery investigation highlights difficult balance between security and profits
For more than a year while he worked at the Brick Street Market in Bondurant, Iowa, Matthew Hinrichs quietly stole lottery tickets, cashing in at least $28,000 in illegitimate prize money, prosecutors say. When he was finally caught in 2016, Hinrichs pleaded guilty to two felony counts of fraud and was ordered to pay back those winnings, plus nearly $5,000 more. Lottery officials say their layers of security allowed them to track Hinrichs' activity, providing data that was invaluable to pr
Jun 6, 2017, 2:48 pm - Lottery News

New interim CEO named at CT Lottery
A day after Frank Farricker resigned as Connecticut Lottery Corp. board chairman and interim CEO, the lottery's governing board named a new temporary chief executive to serve until a permanent president/CEO is hired in a month or two at the end of a national search that's now in progress. At a meeting Tuesday afternoon in lottery headquarters, the board appointed Chelsea Turner, the lottery's chief of strategy and government and operational affairs, to replace Farricker, until a committee of
May 16, 2017, 6:39 pm - Lottery News

Turmoil: Connecticut Lottery interim CEO quits
Frank Farricker, the Connecticut Lottery Corp.'s board chairman and interim CEO, resigned from both unpaid but influential positions Monday after drawing heavy criticism during a legislative inquiry into lottery officials' handling of the fraud-plagued 5 Card Cash lottery game. Saying that he hopes to help the lottery agency by ceasing any further distractions, Farricker wrote to the quasi-public agency's general counsel, Matthew Stone, and said he was quitting immediately. I am proud to
May 15, 2017, 7:09 pm - Lottery News

Documentary: The Lottery Liar
Includes video report This is the incredibly strange tale of Howard and his wife Kathy Walmsley. One day back in the late 90's Howard told Kathy a whopper of a lie that he won a 8.9 million (US$11.5 million) jackpot in the British National Lottery. And Kathy believed him. As a result the two went on a shopping spree, buying fast cars, a dream home and a lifestyle fit for a multi-millionaire but it was all one big deception, as Howard hadn't actually won a single penny. The film was c
May 9, 2017, 8:54 am - Lottery News

CT Lottery ignored warnings that game was vulnerable to fraud, investigation finds
Connecticut Lottery officials knew in January of 2015 that there was a way for retailers to illegally access the numbers of the 5 Card Cash game on their computer screens and manipulate tickets but waited 10 months to notify the Department of Consumer Protection that fraud was occurring. At a legislative hearing Tuesday morning Connecticut Lottery Corp.'s chairman and acting president, Frank Farricker, acknowledged that lottery officials put revenues over security issues concerning the game,
May 2, 2017, 4:38 pm - Lottery News