Canani Suspended by Santa Anita Stewards
Oct 5, 2015 16:08:19 GMT -5
Post by cait on Oct 5, 2015 16:08:19 GMT -5
another black mark - not the way to clean up the image! verdict, btw was 3 yrs ago but it took 3 yrs for CHRB suspension?
Canani Suspended by Santa Anita Stewards
By Jeremy Balan
Bloodhorse
Trainer Julio Canani has been suspended by the Santa Anita Park Board of Stewards—effective Oct. 26 through Nov. 30, 2016—for "conduct detrimental to racing" that stems from a 2012 court case where he was found to have committed fraud.
In 2012, the U.S. District Court for the Central District of California decided Canani had defrauded Jeffrey Nielsen's Everest Stables and breached his fiduciary trust by misrepresenting details of the condition of six horses so he, or his Tarma Corp., could purchase them for prices lower than they were worth.
The stewards' ruling cited violations based on "a civil court judgment for fraud, breach of fiduciary duty and agency, conspiracy, and unjust enrichment." California Horse Racing Board documents also detailed the reason for delaying a ruling on Canani, so the trainer could exhaust all appeals through the court system.
During the suspension the 76-year-old trainer will not be allowed in any racetrack under CHRB jurisdiction. Once the suspension is over, Canani must "participate in a fitness for license hearing" before being relicensed by the CHRB.
the verdict:
www.bloodhorse.com/horse-racing/articles/71050/everest-wins-case-against-canani-licht
Canani Suspended by Santa Anita Stewards
By Jeremy Balan
Bloodhorse
Trainer Julio Canani has been suspended by the Santa Anita Park Board of Stewards—effective Oct. 26 through Nov. 30, 2016—for "conduct detrimental to racing" that stems from a 2012 court case where he was found to have committed fraud.
In 2012, the U.S. District Court for the Central District of California decided Canani had defrauded Jeffrey Nielsen's Everest Stables and breached his fiduciary trust by misrepresenting details of the condition of six horses so he, or his Tarma Corp., could purchase them for prices lower than they were worth.
The stewards' ruling cited violations based on "a civil court judgment for fraud, breach of fiduciary duty and agency, conspiracy, and unjust enrichment." California Horse Racing Board documents also detailed the reason for delaying a ruling on Canani, so the trainer could exhaust all appeals through the court system.
During the suspension the 76-year-old trainer will not be allowed in any racetrack under CHRB jurisdiction. Once the suspension is over, Canani must "participate in a fitness for license hearing" before being relicensed by the CHRB.
the verdict:
www.bloodhorse.com/horse-racing/articles/71050/everest-wins-case-against-canani-licht