CARES Casino Charge

Federal prosecutors charged Anthony Sanborn, also known as Andy Sanborn, with theft of government funds in Concord, New Hampshire. Prosecutors say Sanborn owned Win Win Win, doing business as Concord Casino, obtained $844,000 in SBA EIDL funding, certified the money would be used only as working capital, and allegedly spent $255,232.72 on personal expenses, including $48,750 for a 2006 Porsche Cayman. A plea hearing will be scheduled. The allegation is not proof, and Sanborn is presumed innocent unless proven...

1. Frame 1Concord, N.H.: casino owner Andy Sanborn was charged with theft of government funds over alleged CARES Act loan misuse.
2. Frame 2Prosecutors say Win Win Win, doing business as Concord Casino, obtained $844,000 in SBA EIDL funding.
3. Frame 3The loan certification said the money would be used only as working capital for the casino business.
4. Frame 4DOJ alleges $255,232.72 went to personal expenses, including a $48,750 Porsche Cayman bought with EIDL funds.
5. Frame 5A federal judge must schedule a plea hearing; the charge carries up to 10 years in prison if proven.
6. Frame 6FBI, IRS Criminal Investigation, and postal inspectors now carry the case into the federal benefit-fraud docket.