Re: Update. Previous Fixes./innocent? (878 Views)
Posted by:
Mall (IP Logged)
Date: November 07, 2002 01:05PM
Now that I've had an opportunity to look into the matter, I've gotten over it and would not be surprised to learn that not only were these jerks, as you so aptly put it, using outdated technology, but that they also invested little or nothing in the kind of internal controls which should have been in place to detect a fraud of this nature. In the 10/31 conf call Weil said that the "system worked", which apparently means that if someone from the NYRA contacts the BC/NTRA, and the BC/NTRA demand an investigation and that payment be held up, then the president of Autotote will go on record as saying the bet is legit and should be paid until reporters and industry reps force them to actually do the kind of investigation which led to Harn's dismissal. That dismissal, I am convinced, was for the reason 1st reported, failure to cooperate in Autotote's internal investigation, and not because Autotote had paper or computer evidence that Harn was the culprit. My belief is not just based on the fact that Autotote had 18 other programmers, or the reports that the security logs are missing, but also on the timing and nature of the dry run fixes described by Mr Drape in his article today. Weil also went on record in the 10/31 call that even if no one had said anything about the BC fix, Autotote's security would have eventually uncovered what happened, and pinpointed the culprit. At the time, what I wanted to know was the time period covered by "eventually." Now we know that more than 3 weeks passed between the 1st dry run fix and the BC fix, and that eventually must mean at least a month. Given Autotote's handling of this matter, isn't it equally plausible that there was no system to speak of in place, and that Weil's statement was as much as anything an effort to prevent a drop in the share price? Perhaps that's a question that Autotote's new PR firm would like to answer, assuming they can pull themselves away from their efforts to spin this as a "human tragedy" and a case where the racing industry didn't pay enough to expect security. The only way my confidence is going to be restored is if Weil and Autotote are no longer involved, and I suspect that I'm not the only one who feels that way.