News Article: Eugene Melnyk lawsuits:too many to count...

[Philadelphia Collins]

Like, imagine this man having to sign Chabot next summer to one of these new signing bonus-heavy deals that every star wants.

Believe in the FYOUS

 

[Mingus Dew]

There it is

In fairness, a bank draft is not a cheque. It’s drawn on guaranteed funds in an account.

 

[FlyingJ]

Why is Sun Media not covering this story?

Uncle Euge hasn't given ol' Brucie the talking points yet.

 

[Nac Mac Feegle]

"We'Re A sMaLl MaRkET wE cAnT pAy StArS lIkE oThEr TeAmS dO, wE NeEd MoRe FaNs At ThE GaMeS"

*GAMBLES 1 ****ING MILLION*

^This.

I swear, the guy is like one of those Sunday morning tv preachers, telling little old ladies to send him their SSI checks and eat cat food for the month so they can enter heaven.

So damned sleazy.

 

[Sens of Anarchy]

In fairness, a bank draft is not a cheque. It’s drawn on guaranteed funds in an account.

Why would the bank not honor the drafts?
Are drafts not for set amounts? Are they not payable to a specific 3rd party?

 

[Mingus Dew]

Why would the bank not honor the drafts?
Are drafts not for set amounts? Are they not payable to a specific 3rd party?

Yeah I have no clue. But people are acting like he bounced a cheque. That’s not what this is I don’t think. But admittedly outside my wheelhouse.

 

[The Lewler]

Yeah I have no clue. But people are acting like he bounced a cheque. That’s not what this is.

What it is , is Eugene Melnyk was gambling at the Mohegan Sun and requested three bank drafts to the tune of at least 500k over the span of less than an hour , between 11pm and midnight .

In March 2017.

The casino feels that 900k never made it to them. Does a casino sue someone for not accepting winnings or because they didn’t get their own winnings ?

This was at the same time as he was saying the new arena had to be downtown for context in a timeline .

Here is a question for the forum denizens . Do you think this is the only time Eugene Melnyk was gambling a million dollars ?

Spoiler alert. It is not.

 

[Sens of Anarchy]

Yeah I have no clue. But people are acting like he bounced a cheque. That’s not what this is I don’t think. But admittedly outside my wheelhouse.

Thanks

What is a bank draft?

Unless there was a problem with the document itself , I do not see any reason why it would not be honored by the issuing bank.
For a number of drafts not to be honored is pretty suspicious.

 

[DaveMatthew]

Why would the bank not honor the drafts?
Are drafts not for set amounts? Are they not payable to a specific 3rd party?

First thing that comes to mind is that the draft was fraudulent. A bank would not issue a draft unless you had the funds required, and essentially, as soon as it’s issued, the funds would be moved from your account. It’s a much safer payment method for large amounts than a cheque, basically providing a guarantee for the person being paid.

Unless, like I said, it was a fraudulent draft.

 

[Sens of Anarchy]

What it is , is Eugene Melnyk was gambling at the Mohegan Sun and requested bank drafts to the tune of at least 900k over the span of less than an hour , between 11pm and midnight .

In March 2017.

This was at the same time as he was saying the new arena had to be downtown for context in a timeline .

Here is a question for the forum denizens . Do you think this is the only time Eugene Melnyk was gambling a million dollars ?

Spoiler alert. It is not.

That is another concern. Now a million dollars to me compared to him is quite a different thing , I can assure you, but .. cause for concern none the less . I wouldn't want my kids doing it.

 

[GrantLemons]

There it is

 

[Korpse]

Yeah I have no clue. But people are acting like he bounced a cheque. That’s not what this is I don’t think. But admittedly outside my wheelhouse.

Definitely a bigger deal than a bounced cheque. Drafts are certified funds which is essentially a guarantee a bank will honour it. I don't know the reasons for a bank not honouring the draft but it will be interesting to see what comes of it.

 

[Do Make Say Think]

Unless, like I said, it was a fraudulent draft.

Fraudulent how? In that Melnyk should not have been able to issue them, bypassed the system and the bank caught wind and stopped the payments 900k short of what the casino was expecting?

Why am I getting to excited!?

 

[Sens of Anarchy]

Fraudulent how? In that Melnyk should not have been able to issue them, bypassed the system and the bank caught wind and stopped the payments 900k short of what the casino was expecting?

Why am I getting to excited!?

The article says
"The suit lists an unpaid draft Melnyk issued on March 17, 2017, and four more drafts issued March 19, 2017. Four of the drafts were for $200,000 apiece and the last was for $100,000. Three of the drafts were issued from 11:07 to 11:57 p.m. March 19."

Fraudulent how? can only speculate on that

 

[Do Make Say Think]

The article says
"

The suit lists an unpaid draft Melnyk issued on March 17, 2017, and four more drafts issued March 19, 2017. Four of the drafts were for $200,000 apiece and the last was for $100,000. Three of the drafts were issued from 11:07 to 11:57 p.m. March 19."​

I am absolutely dreadful when it comes to finances and money and such. I understand Melnyk had bank drafts issued to the casino and that one of the reasons the bank might not have honoured them was because the drafts could be "fraudulent".

Who tried to screw who and how via a fraudulent bank draft? How does a fraudulent bank draft work? The person it was issued to did something wrong? Or is it the one who issued the draft who did something wrong? How does one issue a fraudulent draft?

I'm mostly "posting out loud" here. Sorry.

 

[Mingus Dew]

What it is , is Eugene Melnyk was gambling at the Mohegan Sun and requested three bank drafts to the tune of at least 500k over the span of less than an hour , between 11pm and midnight .

In March 2017.

The casino feels that 900k never made it to them. Does a casino sue someone for not accepting winnings or because they didn’t get their own winnings ?

This was at the same time as he was saying the new arena had to be downtown for context in a timeline .

Here is a question for the forum denizens . Do you think this is the only time Eugene Melnyk was gambling a million dollars ?

Spoiler alert. It is not.

Oh I mean the rest of the story is still ridiculous. I’m just saying Euge didn’t bounce a cheque here.

But yeah, dropping a cool $1mm in an evening is pretty insane, but I guess that’s what separates billionaires from the rest of us eh?

 

[Sens of Anarchy]

I am absolutely dreadful when it comes to finances and money and such. I understand Melnyk had bank drafts issued to the casino and that one of the reasons the bank might not have honoured them was because the drafts could be "fraudulent".

Who tried to screw who and how via a fraudulent bank draft? How does a fraudulent bank draft work? The person it was issued to did something wrong? Or is it the one who issued the draft who did something wrong? How does one issue a fraudulent draft?

I'm mostly "posting out loud" here. Sorry.

Don't really know ... the only thing I can think of is that the documents were not real , they were made to look real enough to be accepted.. but that sounds pretty criminal and likely a stretch. I have no idea why they were not honored.

 

[The Lewler]

I am absolutely dreadful when it comes to finances and money and such. I understand Melnyk had bank drafts issued to the casino and that one of the reasons the bank might not have honoured them was because the drafts could be "fraudulent".

Who tried to screw who and how via a fraudulent bank draft? How does a fraudulent bank draft work? The person is was issued to did something wrong? Or is it the one who issued the draft? How does one issue a fraudulent draft?

I'm mostly "posting out loud" here. Sorry.

How do concerns of fraud not get solved the following business week? (March 17, 2017 was a Friday Night) How does it end up in a lawsuit 2 years later?

Anyone? Bueller? Hard to come up with a non-f***ed explanation here isn't it?

 

[Do Make Say Think]

How do concerns of fraud not get solved the following business week? (March 17, 2017 was a Friday Night) How does it end up in a lawsuit 2 years later?

Anyone? Bueller? Hard to come up with a non-****ed explanation here isn't it?

Yeah that's sort of where I'm going with this... This is two years ago. How does it take this long to get the lawyers involved? 900k is a lot of money. The bank just said nothing for two years? The casino "forgot"?

 

[Mingus Dew]

Yeah that's sort of where I'm going with this... This is two years ago. How does it take this long to get the lawyers involved? 900k is a lot of money. The bank just said nothing for two years? The casino "forgot"?

One would think they tried to deal with this discreetly first. But Melnyk gonna Melnyk.

 

[Korpse]

Others have said they were waiting for this to come out so.. more smoke

Can you expand on this?

 

[The Lewler]

Yeah that's sort of where I'm going with this... This is two years ago. How does it take this long to get the lawyers involved? 900k is a lot of money. The bank just said nothing for two years? The casino "forgot"?

Here's my speculative conjecture for you. Bank drafts sent at 11pm on a Friday night are obviously not clearing on a Friday night.

So the casino is honouring those drafts on either faith in the drafts alone based on the credibility of the bank its drawn on and the clients known assets for this one night of big time gambling, or maybe..just maybe... a history with that whale of a gambler that leaves this type of scenario not uncommon to them.. with maybe no issues before this point to scare them off?

I know which of those scenarios I tend to favour.

After that , nothing but more speculative questions from me as to how it all goes sideways and stays sideways.

 

[Do Make Say Think]

Can you expand on this?

Well Lewler seems to be implying that he has some kind of knowledge about this. We have some pretty plugged in people on here, Ottawa is not very big.

Sounds like this isn't just happening, it has been on-going. Melnyk is already despised by everyone, I'm sure every decent person in Ottawa is relishing the thought of Melnyk getting into more trouble and that kind of vindication makes people talk.

 

[Sens of Anarchy]

Yeah that's sort of where I'm going with this... This is two years ago. How does it take this long to get the lawyers involved? 900k is a lot of money. The bank just said nothing for two years? The casino "forgot"?

Maybe he just kept dragging it out and finally the Casino said that's it. The bank not saying anything .. well not sure. The casino would take the draft to their bank and their bank would tell them the bad news after trying to process it. That probably happened within a few days of them being issued. It may be up to the Casino to pursue it.

 

[Pancakes Pancakes]

All this really tells me, is that Eugene is as good at gambling as he is running a hockey team.