Sunday, August 16, 2020

E-13: Defamation

 

You hear it all the time but what exactly does defamation mean and what do you need to prove it?  Tony breaks it down for us.

Saturday, February 8, 2020

E-12: Goodmans Rolls Royce


Imagine you're owed money and your given a vehicle to settle the debt. Now imagine that vehicle was used to traffic drugs and as a result, the FBI confiscate it from you. However you had no knowledge of what happened with this vehicle before you owned it. Is that legal?

Saturday, December 9, 2017

E-11: Group Gaming and W2-G's



 Amanda Gades asks....

There are some popular youtube channels out there that feature high limit play with groups of people that contribute an equal amount of money per player and a fixed number of spins that each participant gets to do on a single machine. One particular youtuber states on his website that his players card will be used for all spins and he agrees to cover taxes for any wins under $5,000 total. Over and above that amount, 35% will be held back for taxes. I got that verbatim. My understanding is that the player actually doing the spins is the person who receives the W2-G on a hand pay. Which occur regularly. Here's a scenario that illustrates my question.

Everyone in the group contributes $200 each. On one of my spins, I get a $4000 hand pay and a W2-G. Can the youtuber who agreed to cover the taxes voluntarily put his name on the W2-G even though it won on my spin?


Going even further, say at the end of the session, everyone gets $500 for a $300 profit. However, the IRS has it down as a $4000 win for whoever is on the W2-G and no one else in the group is even known to the IRS.  It seems unfair for the person who got the big $4000 win, even though it was "really" only $300.

Sunday, August 20, 2017

E-10: Nevada Gaming Regulators




Nevada Gaming Commission, Gaming Control Board and their Respective Responsibilities

They are the people who make sure that when you gamble, the game is fair.  The odds may be against you but the house edge won't include cheating the customer.  Their battles with organized crime are well documented but how exactly does one regulate the gambling industry in Nevada?

Saturday, August 5, 2017

E-9: Found Keno Ticket


In the movie Vegas Vacation, SPOILER ALERT, Clark gets back all the money he lost during their vacation when a dying man gives him a winning keno ticket.  The question is, can you legally claim the winnings of a bet you didn't place?

Saturday, July 15, 2017

E-8: The Lottery and Edge Radio






Lotteries, freedom of speech and the evolution of the laws regarding how they can be advertised.