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Crazy Gambling-Related Headlines From March

From Yang's Main Event Bracelet To High School Band Director In Hot Water

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The gambling world can sometimes produce really off-the-wall stories. Here’s a look at some of the most colorful from the month of March. Also take a look back at what weird stuff happened in February, January, December and November.

A Cop Allegedly Ended Up Controlling The Gambling Underworld In Pakistan’s Deadliest City

A corrupt, low-level cop with a healthy dose of street smarts rises to control hundreds of illegal gambling dens in Pakistan’s largest city. By doling out millions of dollars in illicit proceeds, he protects his empire and becomes one of the most powerful people in Karachi.

The allegations against Mohammed Waseem Ahmed — or Waseem “Beater” as he is more commonly known — emerged recently from surprise testimony by a top police commander before a crusading anti-crime Supreme Court judge. The story has given a rare and colorful glimpse into the vast underworld in Karachi, a chaotic metropolis of 18 million people on Pakistan’s southern coast.

Gambling Addict Jailed For Stealing £100k Worth Of iPhone 5s

A gambling addict who stole £115,000 worth of iPhone 5s and wedding gifts from his brother before fleeing to France has been jailed.

Usman Sethi, 24, raided his brother and sister-in-law’s safe at their home in Ilford while they were on holiday in September last year stealing gold and jewellery given to them just seven months earlier as a wedding gift and pawned it for £6,500.

Caesars Fined For Not Kicking Out High-Roller On Historic Losing Streak

In the case of legendary Las Vegas whale Terrance Watanabe, New Jersey gaming regulators decided earlier this month to fine Caesars Entertainment Corp. $225,000 for its role in the matter, making all the major parties involved look pretty lousy.

Watanabe, a wealthy self-professed gambling addict, lost more than $120 million at the high-stakes tables in 2007, but claimed that the casino maliciously loaded him up with alcohol and pain medication. Those allegations came forth when he was charged in Nevada with not paying $14.7 million loaned to him by the casino company. Caesars denied those accusations and maintains that Watanabe was lucid when taking out credit and blowing millions.

Greg Raymer Arrested In Prostitution Sting

A former winner of the World Series of Poker was arrested in a prostitution sting at a Wake Forest hotel earlier this week, according to police.

A Wake Forest Police Department spokesperson said Gregory Paul Raymer, 48, was one of six men who responded to an advertisement posted by undercover police on a popular website men often seek out female prostitutes.

Charitable Gambling Organization Accused Of Donating Just $6 Million Of $300 Million

A non-profit gambling organization designed to raise money for veterans has been busted for allegedly operating a criminal enterprise to make its owners filthy rich. Florida’s lieutenant governor resigned amidst the scandal, but wasn’t accused of any wrongdoing.

Allied Veterans of the World, founded in 1979, ran slot machine-style parlors around Florida.

IRS Seizes Jerry Yang’s 2007 Main Event Bracelet

The Internal Revenue Service has seized the 2007 main event bracelet of champion Jerry Yang, along with other jewelry. The items will be auctioned off to the public.

Yang, whose named was not mentioned in the IRS posting, currently owns and operates Pocket 8’s Sushi And Grill in Merced, California.

Grandma Loses Life Savings To Schizophrenic Son’s Gambling debts

A 74-year-old grandmother has spent her life savings settling her mentally-ill son’s gambling debts. Yet, loan sharks continue to harass housewife Lai Yee Mui, and have even threatened to burn her house down if she does not settle the debt.

Band Director Charged With Theft, Sale Of School Instruments To Pay Gambling debts

The band director at Sioux City North High School faces criminal charges for allegedly taking instruments, and selling them on-line, and at local pawn shops.

Kevin Massey faces a charge of first-degree theft. Court documents allege Massey took the instruments, then sold them at pawn shops, and on the website www.craigslist.org. That’s where another North High teacher allegedly saw the instruments for sale, while looking for instruments to buy for the school district. Court documents say that teacher e-mailed other teachers about what he had found. Massey then called that teacher, and allegedly admitted selling the instruments on “Craig’s List”.

Steve Wynn Sells Painting That He Once Put A Hole In For $155 Million

Billionaire casino boss Steve Wynn reportedly has sold Pablo Picasso’s “Le Rêve” for $155 million to New York hedge fund owner Steve Cohen. The painting was the one that Wynn accidentally put his elbow through years ago. The artwork was restored.

According to Bloomberg, experts said the price tag was a record for a U.S. collector.

 
 
Tags: Gambling