Andy Sanborn drew another bad card and may have lost his stake.
Arrested last week for alleged COVID fraud, the former state senator and his casino business are now indicted on felony charges for stealing from the state.
The indictments handed up by the grand jury this week are related to Sanborn’s alleged fake numbers in his application for the Main Street Relief Fund grants. According to the indictments, Sanborn allegedly inflated the receipts for his casino by more than $1 million, netting about $188,000 in grant funds he was not entitled to.
Sanborn’s Concord Casino is technically owned by Sanborn’s Win Win Win LLC. According to the indictments, Sanborn’s June 2020 application for the grant funds inflated the business receipts and wrongly claimed that Win Win Win had been in operation for at least a year.
Sanborn, as an individual, is indicted on one felony count of theft by deception, and his LLC is charged with one count of theft by deception and theft by unauthorized taking. The charges against Win Win Win, which holds his gaming license, could end his bid to sell the casino business.
Sanborn is under state order to sell the Concord Casino as the result of another fraud accusation. He allegedly applied for federal COVID relief funds to which he was not entitled, and then misspent the $844,000 on things like sports cars and car equipment. He also allegedly used his various LLCs to prepay himself about 20 years’ worth of rent.
Sanborn is due in court next week for an arraignment on the charges.
