Sandusky Speedway owner found guilty of charitable fraud
Wed, 28 Aug 2013 19:41:51 GMT —
A man who held a charity raffle in Sandusky, then kept donors' money for himself, has been found guilty of felony theft.
Kevin Jaycox entered a plea of no contest to felony theft in Erie County Wednesday, according to the Ohio Attorney General's Office.
The owner of the Sandusky Speedway offered to run a 50/50 raffle, at his race track, to benefit the Stephen C. Parish Jr. Memorial Fund. Tickets for the raffle were sold at each race over a two-year period; however, records were only kept for the first year. An investigation found that the raffle raised a net profit of $8,972 for the charity during the first year, but the memorial fund received only $731.
In a 50/50 raffle, half of all money raised goes to the winner. By law, the other half must go to the charity.
"Those who take advantage of charitable causes for their own gain must be held accountable," Attorney General DeWine said. "We will continue to investigate these kinds of cases to ensure that Ohioans' money is used as intended."
Jaycox entered a plea of no contest to the charge against him. He is scheduled to be sentenced on Sept. 27.