Generally speaking, this story is just another example of the corruption that can be found in the horse racing game. But if you were a fan of the HBO series "Luck", and recognized that the character Turo Escalante was based upon real-life horse trainer Julio Canani, then you're sure to appreciate this story. Quoting Ray Paulick of The Paulick Report:
It was a case that could have been a storyline for an episode of the short-lived HBO horseracing series “Luck.” Trainer Julio Canani – on whom the fictional “Luck” role of the cagey horse trainer Turo Escalante is said to have been modeled – and attorney Roger Licht, a former chairman of the California Horse Racing Board, were found by a jury to have conspired to defraud Minnesota businessman and horse owner Jeffrey Nielsen when he decided in 2008 to sell the California-based horses in his Everest Stables.
The suit alleged that Canani tricked Nielsen into selling a number of horses for less than they were worth, at times deceiving him that the buyers were third parties when in fact Canani’s own company, Tarma Corp., purchased some of the horses and quickly re-sold them for a profit.
The jury found that Canani, acting as agent for Everest Stables, breached his fiduciary and agency duties by misrepresenting details concerning the horses’ physical condition and by misrepresenting and concealing his actual role with fraudulent intent in order to convince the owner to sell a number of horses for prices lower than their value.
The full story, including quotes from one of the members of the jury, along with other interesting details of the case, can be found here.
I guess you can file this one under life imitating art.
Peace and Love,
Jimbo
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