NYRA Denies Corruption
By dave
The Associated Press reports that the New York Racing Association has defended its top officials against state Attorney General Eliot Spitzer’s claim that “crime was part of the culture at NYRA.” Spitzer and his office have also alleged in a report that the NYRA is “corrupt and mismanaged,” the AP report said.

Denis McInerney, of the Manhattan law firm Davis, Polk and Wardwell, representing the non-profit company that operates Belmont, Aqueduct and Saratoga race tracks, called the report’s conclusions “inaccurate, misleading, out-of-date, or the product of a fundamental misunderstanding about NYRA's operations.” In a 50-minute response to the attorney general, at the NYRA's annual Saratoga news conference, McInerney, according to the AP report, added that many of the issues detailed in Spitzer's report have already been addressed or are in the process of being addressed.

Attorney General Spitzer called for NYRA president Terry Meyocks and other top executives to resign “because of various scams pulled off by rank-and-file employees since 2000,” said the AP report.

In response, McInerney told his clients at an Albany hotel that “The report issued earlier this month is a follow-up to an investigation started in 2000 by the attorney general's office that resulted in the convictions of several betting window tellers for a money laundering scheme at NYRA tracks.” He considered, therefore, that the matter should be closed.

 
 
 
 
 
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