(1) A person is guilty of falsifying business records when, with intent to defraud, he: (a) Makes or causes a false entry to be made in the business records of an enterprise; or (b) Alters, erases, obliterates, deletes, removes or destroys a true entry in the business records of an enterprise; or (c) Omits to make a true entry in the business records of an enterprise in violation of a duty to do so which he knows to be imposed upon him by law or by the nature of his position; or (d) Prevents the making of a true entry or causes the omission thereof in the business records of an enterprise.

(1) A person is guilty of issuing a false financial statement when, with intent to defraud, he: (a) Knowingly makes or utters a written instrument which purports to describe the financial condition or ability to pay of himself or of some other person and which is inaccurate in some material respect; or (b) Represents in writing that a written instrument purporting to describe a person’s financial condition or ability to pay as of a prior date is accurate with respect to that person’s financial condition or ability to pay, knowing the instrument to be materially inaccurate in that respect.

(1) A person is guilty of receiving deposits in a failing financial institution when, as an officer, manager or other person participating in the direction of a financial institution, he knowingly receives or permits the receipt of a deposit or other investment, knowing that the institution is insolvent. (2) A financial institution is insolvent within the meaning of this section when it is unable to pay its obligations in the ordinary or usual course of business for any reason.

(1) A person is guilty of promoting gambling in the first degree when he knowingly advances or profits from unlawful gambling activity by: (a) Engaging in bookmaking to the extent that he employs or utilizes three or more persons in a bookmaking activity and receives or accepts in any one day bets totaling more than $500; or (b) Receiving in connection with a lottery or mutuel scheme or enterprise: 1. Money or written records from a person other than a player whose chances or plays are represented by such money or records; or 2.

This provision, found in the Kentucky Penal Code, specifically addresses the offense of possession of gambling records in the first degree. It applies to any person who possesses any writing, paper, instrument, or article commonly used in the operation or promotion of a bookmaking scheme or enterprise, constituting bets totaling more than $500, or in the operation, promotion, or playing of a lottery or mutuel scheme or enterprise, constituting more than 500 plays or chances.

This provision, found in the Kentucky Revised Statutes under the Kentucky Penal Code, pertains to the possession of gambling records in the second degree. It applies to any person who possesses any writing, paper, instrument, or articles commonly used in the operation or promotion of a bookmaking scheme or enterprise, or in the operation, promotion, or playing of a lottery or mutuel scheme or enterprise. However, there are two defenses to prosecution under this section.

(1) A person is guilty of possession of a gambling device when, with knowledge of the character thereof, he manufactures, sells, transports, places or possesses a gambling device or conducts or negotiates any transaction affecting or designed to affect ownership, custody or use of any gambling device, believing that it is to be used in the advancement of unlawful gambling activity. (2) Possession of a gambling device is a Class A misdemeanor.

This legal document governs the prohibition of wagering on horse races, unless certain exceptions apply. Any person who wagers money or anything of value on a horse race or engages in the occupation of receiving, making, transmitting or negotiating wagers on horse races is guilty of a Class A misdemeanor, except in the case of wagers made within the enclosure of a licensed race track during an authorized race meeting or during regular meetings in which running, trotting or pacing races are being conducted by associations regularly organized for that purpose.

(1) No person, as a business or for any compensation, shall, directly or indirectly, accept any thing of value to be wagered or to be transmitted or delivered for wager to any pari-mutuel wagering enterprise, or participate in any such transmission. (2) As used herein, ‘person’ shall mean and include any individual, partnership, association, joint stock association or trust, corporation, or other business entity, whether incorporated or not. (3) Any person violating any of the provisions of this section shall be guilty of a Class A misdemeanor.

The authority may also conduct or permit the conduct of other athletic and entertainment events at Churchill Downs and the use of its facilities in connection therewith, provided such activities or events do not conflict with or impinge upon the proper operation thereof primarily as a racetrack. Effective: June 17, 1978 History: Created 1978 Ky. Acts ch. 111, sec. 4, effective June 17, 1978.