well(s) it was obvious....

[Stillriledup]

Originally Posted by Dark Horse

The older I get, the more I'm in favor of execution for anyone who cheats in financial markets.

Too bad horse racing doesn't have "insider trading" laws too.

[therussmeister]

Originally Posted by Stillriledup

What he got isn't the entire picture...its the money he essentially "Stole" from one segment of bettors and gave to another.

"ROBBIN" Hood if you will.

Yes, and the money that was "redistributed" was still chump change. We're talking Penn National here. What was the total handle on all the horses that would have won in all the races he won with "juiced" horses?

Chump change! Nowhere near the 10's of millions of dollars that real white collar criminals "redistribute."

[Donttellmeshowme]

So basically he will be back training in 6 months?

[Dark Horse]

Originally Posted by Stillriledup

Too bad horse racing doesn't have "insider trading" laws too.

By my earlier suggested standard Wall Street would be a dead zone.

We live in a culture that encourages and even rewards cheaters. It's disgusting.

[Stillriledup]

Originally Posted by therussmeister

Yes, and the money that was "redistributed" was still chump change. We're talking Penn National here. What was the total handle on all the horses that would have won in all the races he won with "juiced" horses?

Chump change! Nowhere near the 10's of millions of dollars that real white collar criminals "redistribute."

What if a bettor lost out on a good hit at Penn because of Wells and then because he lost out on that good hit, he wasn't able to afford to bet a huge carryover the next day at Santa Anita that he would have been destined to hit if he had the extra 1 or 2k in his account? You never know how this stuff shakes out, Penn isn't an island, many large bettors who bet on Penn are also betting other tracks...you don't know how the ups and downs of their bankrolls affect other bets at other tracks.

[Stillriledup]

Originally Posted by Dark Horse

By my earlier suggested standard Wall Street would be a dead zone.

We live in a culture that encourages and even rewards cheaters. It's disgusting.

Its incredible and you're right, look at some of these steroid cheats in sports....raking in millions, so what, their "reputation" is ruined, they could care less, they have a large bank account they don't care what the sports fans think. Same in horse racing, drug a horse, steal some purse money, rob some betting money and then get a small suspension and lay on Manhattan Beach drinking pina coladas counting your cash while losing no clients because of this suspension.

I think racing needs to punish owners if they stick with a "cheating trainer" and then that trainer does it again. There should be owner demerits for your horse coming up positive, owners who employ trainers who are the usual suspects in the rules breaking dept should be punished too.

[Ruffian1]

Originally Posted by cj

Worst Eclipse ever, surpassing Michael Gill as top Owner.

[Ruffian1]

Originally Posted by Donttellmeshowme

So basically he will be back training in 6 months?

They would be crazy to do so, but I have seen plenty of crazy in the game for sure.

Guess he didn't cross the line like Rick D. did.. Unreal.

[Ruffian1]

Originally Posted by Dark Horse

By my earlier suggested standard Wall Street would be a dead zone.

We live in a culture that encourages and even rewards cheaters. It's disgusting.

Sad but true Dark Horse.

[Wickel]

Wells was also a major player at Charles Town, one of my faves at night. Makes me wonder what else is going on out there in WV.

[Track Phantom]

If an investigation was run similar to this one at every track in the country, you'd have a laundry list of jailbirds.

I've said this many times but those of us who hyper-analyze past performances and trainer trends on a daily basis are in the best position to spot anomalies. For example, the stuff that relatively new trainer Joe Sharp is doing is eye-catching. It's not to say this guy is cheating because I do not know. But it is easy to spot as abnormal.

In my opinion, there are a few "David Wells" at every track. Unfortunately, when you pull one "David Wells weed", four more pop up in its place. The risk (relatively small) vs the reward (relatively high financially and personally) is unbalanced and, thus, people will continue to exploit the weakness in policing this.

[Stoleitbreezing]

Originally Posted by Valento

If an investigation was run similar to this one at every track in the country, you'd have a laundry list of jailbirds.

I've said this many times but those of us who hyper-analyze past performances and trainer trends on a daily basis are in the best position to spot anomalies. For example, the stuff that relatively new trainer Joe Sharp is doing is eye-catching. It's not to say this guy is cheating because I do not know. But it is easy to spot as abnormal.

In my opinion, there are a few "David Wells" at every track. Unfortunately, when you pull one "David Wells weed", four more pop up in its place. The risk (relatively small) vs the reward (relatively high financially and personally) is unbalanced and, thus, people will continue to exploit the weakness in policing this.

Joe Sharp has done very thus far. I will reserve judgement on him since he's not gotten in trouble or had a ruling against him yet. That being said his success NOW probably has more to do with training for the Ramseys and whatever Rosie's connections in the industry may lead him to obtaining quality horseflesh to train. You have to start wondering though, how much of a tear he's on right now.

[banacek]

Originally Posted by Tom

Lifetime ban is the minimum he should get.

I agree with a lifetime ban, but I hesitate to think what your maximum would be!

[Stillriledup]

Originally Posted by Stoleitbreezing

Joe Sharp has done very thus far. I will reserve judgement on him since he's not gotten in trouble or had a ruling against him yet. That being said his success NOW probably has more to do with training for the Ramseys and whatever Rosie's connections in the industry may lead him to obtaining quality horseflesh to train. You have to start wondering though, how much of a tear he's on right now.

http://www.paceadvantage.com/forum/s...ighlight=sharp

[ultracapper]

Originally Posted by Stillriledup

no doubt. Some white collar criminals get YEARS in the slammer. But, its horse racing, always been a slap on the wrist kinda sport.

Remember one of the guy's in the BC P6 scandal? He wasn't a horse racing guy, he was the computer hack of the trio. He worked for NYRA I believe as one of their computer guys. He had so little respect for racing that after the whole thing blew up and these guys were facing jail time, his question to the prosecutor was, "Will this have to go on my resume?" He thought, Oh it's just horse racing. Sorry. Can I leave now?