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Forfeited Assets from Illegal Gambling Bust Given to Police20 June 2005Las Vegas Sun LOUISVILLE, Kentucky -- A nine-year-old illegal gambling case has paid dividends for the Louisville police force. Don Ford's conviction on illegal gambling and money laundering associated with a bingo hall he operated has generated nearly $2 million in forfeited assets. U.S. Attorney Dave Huber announced Friday that a final payment of $694,987.62 from Ford's ill-gotten gains has been cleared for disbursement. The Louisville Metro Police Department will receive $526,447.69 of that total. The U.S. Treasury gets the rest. "The timing could not be better," Chief Robert White said at a news conference to announce the final payment. White said he hopes the money will help buy a new department helicopter. Louisville Police were eligible for a significant amount of the money because it initiated the criminal investigation that led to Ford's conviction on federal charges. In all, the government seized $889,226.30 in cash and bank accounts and more than $1 million in other assets, including Ford's Arcade Plaza Bingo Hall. Copyright © Las Vegas Sun. Inc. Republished with permission. |