Gambling Loans = Broken Kneecaps? Prison?
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Struggling With a Serious Gambling Addiction
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When asked generally about the practice of loaning to officers (not MBI in particular), Attorney Rich Baker, a partner with Mauck and Baker, a Chicago law firm known nationally for representing religious institutions, said: “I’m always against loans to corporate officers and directors. . . .If it’s not paid back, then that certainly puts it into the category of self-dealing.
The Connecticut Council on Problem Gambling is a private, not-for-profit organization affiliated with the National Council on Problem Gambling.
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Gambling exists in every state, even Hawaii and Utah, where gambling is prohibited by law. But all gamblers are different. “Recreational” or “social” gamblers, for instance, buy the occasional lottery ticket, take the rare casino trip or bet small stakes in fantasy sports.
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