Friday, July 25, 2008

Foundation Profited from Casino Stock Sale Before Supporting Anti-Casino Effort

Perhaps some irony in the downtown casino case...according to buffalopundit.com, the Wendt Foundation, which is helping to fund the local anti-casino effort, disclosed to the IRS that it owned two-point-73 million dollars worth of Harrah's Corporation stock between 2003 and 2006. The Foundation made about two million dollars upon sale of the casino company's shares, which is about how much it has spent to support the case against the local casino.

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