Racetrack Stock And Racing Dates

A state governor and his revenue director were let into shares in two racing companies at prices well below what the stock was worth. Prosecutors said that in return the governor used his influence over the allocation of racing dates, the calendar that decides which track gets the profitable days. Both men were charged with conspiracy and mail fraud. The governor was charged as well with lying under oath, with false statements to the tax authorities, and with tax evasion.