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  • Writer's pictureBy The Financial District

Accused Of Fraud, GOP Leader Can’t Open His Casino In 6 Months

A New Hampshire casino owned by a former state senator accused of buying luxury cars with a fraudulently obtained COVID-19 relief loan will be shut down on January 1 but allowed to reopen in six months if sold to a new owner, the state lottery commission said in a decision made public as reported by Holly Ramer for the Associated Press (AP).

Sanborn is accused of spending $181,000 on two Porsche race cars and $80,000 on a Ferrari for his wife. I Photo: Gage Skidmore Flickr

The commission attempted in August to permanently revoke Andy Sanborn’s gaming operator’s license, but he appealed the decision and requested a hearing before an independent examiner.

The hearing took place this month, and a decision was issued on Wednesday.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Sanborn, a Republican from Bedford, owns the Concord Casino within The Draft Sports Bar and Grill in Concord and was seeking to open a much larger charitable gaming venue a few miles away.

However, the commission argued that his license should be revoked because he improperly obtained federal funds, misrepresented how he spent the money, paid himself large sums as rent, and failed to keep accurate records overall.

Business: Business men in suite and tie in a work meeting in the office located in the financial district.

According to the investigation, Sanborn fraudulently obtained $844,000 in funding from the Small Business Administration between December 2021 and February 2022.

Casinos and charitable gaming facilities weren’t eligible for such loans, but Sanborn omitted his business name, “Concord Casino,” from his application and listed his primary business activity as “miscellaneous services,” officials said.

Banking & finance: Business man in suit and tie working on his laptop and holding his mobile phone in the office located in the financial district.

He’s accused of spending $181,000 on two Porsche race cars and $80,000 on a Ferrari for his wife. Sanborn also paid himself more than $183,000 for what he characterized as rent for his Concord properties, investigators said.

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