Racetrack Cashier Charged With Embezzlement
DOYLESTOWN, Pa. (AP) _ The former head cashier at Keystone Race Track has been charged with embezzling more than $446,000, which authorities said he and co-workers then lost betting on races.
Robert W. Beitz, 43, of Philadelphia, surrendered Thursday to state police and was charged with stealing hundreds of dollars a day from a ″cash room″ at the Bensalem Township track from 1982 through 1984.
Assistant District Attorney Michael J. Kane said Beitz lost more than half the money at a special Keystone betting window set aside for employees. The rest allegedly went to co-workers, who also lost at the track.
″What he figured was some day he would win and pay back all the money,″ Kane said. ″In the meantime he felt he could continue to juggle the books until his horses came in.″
Added Kane, ″He was not a good horse player.″
Beitz was responsible for seeing that the cash taken in matched receipts from betting windows. He kept careful records of the money loaned to other employees, Kane said.
He would understate the receipts on bank deposit slips and pocket the difference, Kane said.
Kane said the investigation is continuing to find out if Beitz’s friends knew the money loaned to them was stolen.
″Beitz was known around the track as a soft touch for a fellow employee who may have had a sob story and a hot tip in the afternoon race,″ Kane said.
The alleged scheme was uncovered when the track was sold by Continental Racing Corp to International Breeders Corp. in December. When Continental turned over its cash to the new owner, bank employees found a shortfall of $446,895.
Beitz, who was not rehired by the new owner, confessed to the thefts when interviewed by officers April 16, Kane said.
He was arraigned Thursday on charges of theft by unlawful taking, receiving stolen property and related offenses, and was released on $25,000 bail. He waived a preliminary hearing and no trial date was set.
If convicted, Beitz faces a maximum sentence of seven years in prison and a $15,000 fine.
In 1983, Anthony Rados, then head of parimutuel collections for the state Department of Revenue, and racetrack teller John Uhland pleaded guilty to stealing more than $11,000 in uncashed tickets. Rados received four years’ probation and Uhland three years’ probation.