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Friday, December 05, 2003

NYRA to be Indicted: The New York Times reports today that the New York Racing Association, which operates horsetracks at Belmont and Saratoga, will be indicted today on charges of conspiracy, tax evasion and fraud. Under a deferred prosecution agreement, which is made for defendants showing good faith in correcting past mistakes, the NYRA will be allowed to continue operating its tracks and will pay a large fine. The indictment follows an investigation into the association after 19 mutuel clerks were convicted of tax evasion and money laundering.


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