Quote:
Originally Posted by PatCummings
While it might have all started with an inquiry into his gambling or horse ownership, the tax issue has nothing to do with that, and uncovered a significantly greater situation, under-reporting about $400k total in income. It really has nothing to do with racing, his betting, or anything else.
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He obviously under-reported the money to fund his gambling.
The guy is at the track like the furniture and he bets like a wild man.