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Watchdog Widens NYRA Probe

NEW YORK – As reported by the New York Times Union: "The court-appointed watchdog over the New York Racing Association is looking into whether the betting agency misused some of the millions of dollars held in trust for telephone bettors, according to sources familiar with an ongoing inquiry.

"Neil V. Getnick is looking into NYRA's use of money held from the special accounts to see if the nonprofit corporation tapped into the accounts to pay bills and other expenses, according to two sources familiar with questions posed to NYRA officials.

"…Getnick is also questioning the potential misuse by NYRA of about $14 million of horse owners' funds that were held in purse accounts and combined with NYRA's finances, according to the sources.

"In addition, the monitor is examining former NYRA Chief Operating Officer Terence Meyocks' expenses, according to an informed source…"

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