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Thread: Interesting update on Ceasars Bankruptcy......Looks like Fraud in asset transfers

  1. 01-21-2016, 01:37 PM #1
    MJGolf
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    Interesting update on Ceasars Bankruptcy......Looks like Fraud in asset transfers

    http://nypost.com/2016/01/21/court-a...ars-for-fraud/
    "Women and cats will do as they please, and Men and dogs should just relax and get used to the idea" --- Robert A. Heinlein
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  2. 01-21-2016, 01:43 PM #2
    Norm
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    I think the Post is a year late on that story. It may be that the investigators are finally about to report on this. No one else seems to have picked up this.
    "I don't think outside the box; I think of what I can do with the box." - Henri Matisse
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  3. 01-21-2016, 02:03 PM #3
    ZenMaster_Flash
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    The "creative bookkeeping" by C.E.T. is truly "old hat."
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  4. 01-21-2016, 06:17 PM #4
    MJGolf
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    It's the "law of large numbers"............the MORE millions or billions involved, the easier it seems to get away with outright theft. I think the junior creditors are right BUT by the time attorneys and costs are taken out through the bankruptcy system in a case this size, doubt there is much left. They may end up owning the company or some major portion...........NOT that NEW management wouldn't do THIS Empire a LOT of good!!
    "Women and cats will do as they please, and Men and dogs should just relax and get used to the idea" --- Robert A. Heinlein
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  5. 01-21-2016, 06:20 PM #5
    Norm
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    Caesars was such a great place in the 70s.
    "I don't think outside the box; I think of what I can do with the box." - Henri Matisse
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  6. 01-21-2016, 08:18 PM #6
    ZenMaster_Flash
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    Caesars Palace in the 70's.

    Ahhhh !

    No heat for the polite.

    Single Deck - "positive off the top"

    A 2-1 spread was very politely profitable.

    I had not made my way to Las Vegas before

    the 1980's, but I know what I was missing.

    As they were still a wonderful store well into the 80's.
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