ATLANTIC CITY, N.J. (AP) — A person can not redeem practically $60,000 in chips from a now-defunct on line casino that he purchased at an internet public sale as a result of they had been “pilfered” by an worker of an organization who was purported to destroy them, a New Jersey appellate panel has dominated.
The person tried to money within the 389 chips in January 2023 with the state Treasury Division’s Unclaimed Property Administration, which was accountable for masking the redemption worth of excellent chips the Playboy Lodge and On line casino had issued to patrons whereas in operation from 1981 to 1984. As a part of its closing, the on line casino had transferred funds to the UPA to cowl such redemptions.
The person advised the UPA he had purchased the chips — which had been price $59,500 — at an internet public sale and didn’t know their supply. New Jersey State Police finally decided that the on line casino had employed an organization that was purported to destroy the chips after it closed, however a former worker of that firm “had pilfered a number of containers of unused chips” someday round 1990 and put them in a financial institution deposit field, the appellate panel famous.
The ex-employee advised authorities that he later declared chapter and forgot concerning the financial institution deposit field. The financial institution the place the chips had been saved opened the field in 2010 and confiscated the chips, finally sending them to the public sale home from which Hawkins bought them.
The UPA rejected the person’s declare in June 2023, noting the chips had not been issued to patrons within the regular course of on line casino operations.
The person appealed the choice, claiming partly that the UPA had relied on inadequate proof and acted arbitrarily and capriciously, However in its ruling issued April 1, the appellate courtroom mentioned the person was not entitled to the funds as a result of he didn’t current chips that had been issued by the on line casino.
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