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Old 10-27-2017, 02:31 PM   #37
elhelmete
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Join Date: Jan 2009
Posts: 1,738
Quote:
Originally Posted by chiguy View Post
I have to believe there is more to this story. When you work an OTB you are started with a set amount of money, broken down in 100's, 20's, 5's 1's quarters and dimes. From the first day onward you are trying to keep it as close to that number as possible. Depending on the size of the OTB you have a pick-up and delivery anywhere from daily to weekly. If you had a big week and have more than your number on hand you do a deposit through the armored car pick up. If you get cleaned out you get a delivery through the armored car. You also at least once a week get audited in person. When you count the safe you take the big bills and roll your thumb through each stack to ensure there are all big bills in that stack. So say you have 100k in hundred dollars bills. You count it based on the stack size then run you thumb through both sides of the stack to ensure you don't have a bunch of dollar bills in there. You count everything including quarters and dimes. Somebody wasn't doing their job somewhere.
Agreed, and it sounds like you have first hand knowledge.

I have to believe three things:

1) Didn't act alone.
2) There's no way he hit enough winners to ponzi it forward to keep the till balanced.
3) Something must have changed in the cash reconciliation protocols which prevented him from continuing.
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