Fantasy Aces\u2019<\/a> management may have committed wire fraud if they are found to have violated their licensing by co-mingling player funds with operational costs, and the appointment of a criminal lawyer is a tacit acknowledge of this.<\/p>\nDeGroot Says No Comment<\/b><\/h2>\n
DeGroot failed to respond to WSJ\u2019s request for a comment, but bankruptcy lawyer\u00a0Richard Marshack, an independent trustee appointed to oversee Fantasy Aces\u2019 chapter 5 liquidation, said it appeared to him that player funds had indeed not been segregated.<\/p>\n
A statement on DeGroot\u2019s website said that all accounts were on hold during while \u201cwe work with the bankruptcy court in finding the fastest possible solution for our players.\u201d<\/p>\n
Lee Park a spokesman for the gaming commission confirmed to WSJ that Fantasy Aces was being investigated for non-compliance with state gaming laws, although he declined to go into detail.<\/p>\n
\u201cAny further action that might be taken is under review pending developments in bankruptcy court to protect contest patrons,\u201d he said.\u00a0\u00a0<\/span><\/i><\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"The New York Gaming Commission has launched an investigation into Fantasy Aces, the daily fantasy sports site that filed for bankruptcy at the end of January, apparently unable to pay its players. According to the Wall Street Journal, the company\u2019s management has hired attorney Robert J. DeGroot, a criminal defense lawyer, to field questions from […]<\/p>\n","protected":false},"author":42,"featured_media":45419,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,60,16,1074],"tags":[],"acf":[],"yoast_head":"\n
Fantasy Aces Hires Criminal Defense Lawyer as New York Gaming Commission Turns Up the Heat<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n