Google
 
Web Osi Speaks!

Wednesday, July 01, 2009

As We Ponder Expanded Gambling, Let's Remember The Addiction Claimed This Kentucky Doctor's Life. What A SAD Story.

Read more here or excerpts below:

Gambling-addicted doctor kills self in Vegas hotel room
By Andrew Wolfson

Dr. Stanley Lowenbraun, a once-successful Louisville cancer doctor who fell into financial ruin because of a gambling addiction, was found dead in a hotel room at a Las Vegas casino.

Lowenbraun, 66, died of a self-inflicted gunshot wound at the Las Vegas Hilton, according to the Clark County, Nev., coroner's office.

Lowenbraun, whose oncology practice once grossed $7 million a year, declared bankruptcy in 1999 after gambling away $8 million at casinos and racetracks, including $400,000 he lost in 1998 at the hotel where he was found dead. Louisville lawyers said they believed his $13 million bankruptcy case was the largest ever in Louisville triggered by gambling problems.

In 2002 he was charged with extortion and terroristic threatening for calling up family members and saying that a bookie would kill them unless they helped him come up with money he owed; Lowenbraun said the calls were a hoax, and the charges were later dismissed.

A special agent in charge of the Secret Service, which had been investigating Lowenbraun for bankruptcy fraud, said at the time that "this terrible tragedy shows how gambling can lead rather normal people to do extraordinary things."

...

Louisville lawyer Jill Endicott, one of Lowenbraun's daughters, said the family considered his death a personal matter and had no comment. His ex-wife, Ethel Lowenbraun, also an attorney, didn't respond to phone calls.

Dr. J. David Richardson, a Louisville surgeon and thoroughbred owner, remembered Lowenbraun as an innovative oncologist and a "major horseplayer, with all the good and bad that implies."

Lowenbraun's bankruptcy lawyer, Jan Morris, said he was sorry to hear of his former client's death. "He was a nice guy," said Morris. "I liked him."

James Baker, who trained horses for Lowenbraun in the 1990s, said he was a knowledgeable horseman — "always studying the (Daily Racing) form."

Lowenbraun took as many as 40 gambling junkets a year and lost as much as $100,000 on a single roll at craps, according to depositions taken in his bankruptcy case. Gambling on borrowed money, in 1998 alone he lost $2 million at Caesars Atlantic City and $1.4 million at Trump Taj Mahal, according to court records.

Labels:

0 Comments:

Post a Comment

<< Home