Three Original Wynn Everett Landowners Indicted for Fraud

Three Original Wynn Everett Landowners Indicted for Fraud

Charles Lightbody, pictured here, also as two other people are accused of conspiring to full cover up Lightbody’s ownership stake in land that was sold to Wynn Everett for an Everett, Massachuetts casino.

Three of the initial owners of the land now destined to be the Wynn Everett casino in Everett, Massachusetts have been indicted by state and authorities that are federal. They allege that the men defrauded Wynn Resorts and lied to state regulators by hiding the identification of their partners. The indictment shouldn’t have an effect on Wynn’s winning bid to construct the $1.6 billion resort.

Lightbody Ownership Stake Hidden

According to the federal indictment, three owners associated with land sought out of the option to cover up the very fact that Charles Lightbody, a known Mafia associate and a convicted felon, ended up being among the lovers who owned the land. These people were said to have feared (and perhaps rightly so) that the Wynn bid for the Greater that is only Boston-area license could possibly be discounted if Lightbody had been recognized to be an integral part of the land purchase.

The three defendants each face federal fraud costs that could land all of them with up to 20 years of jail time. State fraud charges could also carry another five years in jail for each man. Lightbody has been held without bail until a hearing week that is next whilst the other two landowners, Anthony Gattineri and Du [Read more…]