Attorney General Hopeful Gives Up Stake in Online Gambling Firm
Massachusetts Attorney general hopeful Warren Tolman confirmed Sunday he has severed all financial ties with an online gaming company.
Two weeks ago it was revealed by the Boston Globe that Tolman was listed as director of business development at Fast Strike Games, which specializes in “the design of interactive games that are fun, easy to play, and offer large prizes.” The company is in the process of trying to join with state lotteries to run real cash fantasy sports games, which are legal under federal online gambling legislation.
In a matter of hours after that report, Tolman’s photo and bio was removed from the Fast Strike Games website.
“I’ve since divested any interest in the company, whatsoever. Never received a nickel for it,” Tolman said on the WCVB-TV (Channel 5) program “On the Record.”
Though he claimed to have never been paid from his involvement in Fast Strike Games, Tolman was said to have had an equity stake in the company.
“So, you have no equity in the company any more?” reporter Janet Wu asked him.
“No. It’s clearly in my rearview mirror,” Tolman said, adding later that the company “never got off the ground.”
A Tolman adviser said on Sunday that Tolman retains no financial links to the company. The adviser said Tolman had transferred his ownership stake in the company to Scott Oddo, its chief executive, for $1 sometime in the last two weeks.
- Jagajeet Chiba, Gambling911.com
