Gary Grief | SEONewsWire.net

Questions Raised Over Texas Lottery’s Financial Statements

admin — Sun, 27 Sep 2015 23:38:56 +0000

The Texas Lottery Commission’s Executive Director, Gary Grief, gave deposition testimony in the Fun 5’s lawsuit on Friday, September 25th. A detailed summary of his testimony will be provided to our Fun 5’s clients in the coming weeks. However, a question was raised during Mr. Grief’s deposition that is troubling and needs to be immediately addressed by the Lottery Commission to comply with its duty to ensure the integrity and honesty of the lottery. Mr. Grief was asked to identify the financial summary issued recently by the Commission for fiscal year 2015. Mr. Grief confirmed that the numbers for 2015 are not yet audited but that the numbers for prior years were audited and should not change from year to year. He was then asked to explain why the lottery commission’s financial summaries for 2014 and 2015 now report increased administrative expenses for fiscal years 1992, 1999, 2000, 2001, 2003, 2005, 2006, 2007, 2008, 2009, and 2011 totaling $10,271,727 more than had previously been reported in the audited financials for those years. Mr. Grief was unable to explain why the audited numbers from prior years had been retroactively changed on the 2014 and 2015 reports and promised to check with his staff to explain the discrepancy. If you are interested in comparing the numbers yourself, compare the audited Administrative Expenses on the 2015 Texas Lottery Commission Financials with the audited Administrative Expenses reported on the earlier 2012 Texas Lottery Commission Financials and the 2011 Texas Lottery Commission Financials.

An additional mystery surrounds the Lottery Commission’s Press Release Re Fiscal Year 2010 Sales and Revenues. That press release bragged that the Lottery Commission had transferred almost $87 million to the state in Unclaimed Prizes. A glance at the 2012 Texas Lottery Commission Financials confirms that the audited numbers for 2010 show a transfer of $86,859,465 in Unclaimed Prizes to the state. In other words, the audited numbers for 2010 support the press release issued by the Lottery Commission. However, the 2014 and the 2015 Texas Lottery Commission Financials retroactively reduced the audited 2010 Unclaimed Prizes transferred to the state by approximately $20 million to $66,591,791. That’s a huge change in audited financial numbers for 2010 and one wonders who made the change and why it was made. If we get an answer to these questions, we’ll post it for those who are interested.

By Richard LaGarde

The post Questions Raised Over Texas Lottery’s Financial Statements first appeared on SEONewsWire.net.

Fun 5’s Depositions Continue

admin — Thu, 24 Sep 2015 00:31:28 +0000

Mary Pat and I are in Austin preparing for the depositions of management level employees of GTECH Corporation, the operator of the Texas Lottery as well as the deposition of Gary Grief, the Executive Director of the Texas Lottery. We are proud to be fighting for the rights of over 1,000 fine Texas consumers.

By Richard LaGarde

The post Fun 5’s Depositions Continue first appeared on SEONewsWire.net.

Agreement Reached on Deposition of Executive Director of Lottery Commission

admin — Sat, 05 Sep 2015 15:49:34 +0000

Attorneys for the plaintiffs in the Fun 5’s lottery lawsuit have reached an agreement with the Attorney General’s office to move forward with the deposition of Gary Grief, the Executive Director of the Texas Lottery Commission. The deposition is scheduled for September 25th in Austin. A copy of the deposition notice can be viewed >>here<<.

By Richard LaGarde

The post Agreement Reached on Deposition of Executive Director of Lottery Commission first appeared on SEONewsWire.net.

Date Set for Deposition of TLC’s Executive Director

admin — Wed, 12 Aug 2015 14:43:12 +0000

Attorneys for Fun 5’s players, GTECH, and the Attorney General’s office have reached an agreement to take the deposition of the Texas Lottery Commission’s Executive Director, Gary Grief, on September 25th. A copy of the Notice of Videotaped Deposition can be seen here.>> Notice of Deposition of Gary Grief.

By Richard LaGarde

The post Date Set for Deposition of TLC’s Executive Director first appeared on SEONewsWire.net.