Court-appointed probe will slam Caesars for fraud

Caesars Entertainment’s court-appointed examiner has told company officials and creditors’ lawyers he believes the company acted improperly when it transferred assets away from the hobbled casino prior to putting it into Chapter 11, The Post has learned.

A report by the examiner, expected to be released next month, is likely to conclude there was a degree of civil fraud connected to the transfer, three sources with direct knowledge of the talks said.

The examiner, Richard Davis, held the telephone briefings in recent weeks as he neared the completion of his report.

Source: NYPost

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