View Single Post
  #24  
Old 05-11-2018, 09:20 AM
declansharbor's Avatar
declansharbor declansharbor is offline
Hialeah Park
 
Join Date: Jun 2006
Location: Exit 30
Posts: 6,357
Default

Quote:
Originally Posted by cal828 View Post
73 year old wheels in my brain turn pretty slowly these days, but I think I remember more of the details of the scam mentioned earlier. There were 3 college buddies involved. One of them worked for one of the companies that manufacture and service the betting machines at some of the tracks. He made his own winning ticket and enlisted the help of one of his buddies to cash it. Not sure what the 3rd guy did. Maybe he came up with the scam and talked the others in to it. Nobody believed they had the winning ticket because it too had 4 singles Not sure how they got caught, but they did.
I remember greed being a factor as to how/why they got caught, as if they printed multiple winning tickets instead of just one ticket, or something to that tune. Had they just scammed with one ticket, the red flags wouldn’t have gone up (as much) and they most likely get away with it.
__________________
"A person who saw no important difference between the fire outside a Neandrathal's cave and a working thermo-nuclear reactor might tell you that junk bonds and derivatives BOTH serve to energize capital"

- Nathan Israel
Reply With Quote