It was no secret to the group that having a convicted felon as a part-owner was not illegal, but it most certainly would not pass muster with the MGC or Wynn. The investors behind FBT included real estate developer Paul Lohnes, Dustin DeNunzio, Anthony Gattineri and Charles Lightbody.ĭeNunzio, who had been gathering real estate property since 2007 hoped for just this type of casino project, worked with lawyer Paul Feldman (FBT's attorney) to put together a promissory note for $1.7 Million to buyout Lightbody's ownership. For Wynn, it was the perfect site for a casino with projected profits of $800 Million/year. The price was later lowered significantly. Wynn purchased a parcel of 35 acres of land, once the site of a Monsanto chemical plant, for an initial price of $75 Million which was owned by FBT Everett Realty LLC. The Massachusetts Gaming Commission (MGC) awarded Wynn Casino the right to build and operate a casino in Everett, MA (abuts Boston, MA city limits). It is no secret in Boston that a Wynn Casino is coming to the city along with a lot of controversy. Such a case began in Courtroom 4 of the John Joseph Moakley United States Courthouse in the Seaport district of Boston on Monday. White-collar criminal cases are most interesting when there is no money lost, no victim claiming that they have been defrauded, and yet the government claims that felony criminal activity has occurred.
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