\nMONTGOMERY, Ala. (AP) \u2013 The Alabama Supreme Court has sided with a bank in a fight over the troubled finances of jailed casino developer Ronnie Gilley.<\/p>\n
\tThe ruling Tuesday involved a $100,000 check that Ronnie Gilley Properties wrote to Cile Way Properties in December 2010.<\/p>\n
\tCile Way deposited it at Citizens Bank in Geneva. Citizens Bank only encoded the check for $1,000 when it presented the check to Gilley\u2019s bank, Troy Bank, for payment.<\/p>\n
\tCitizens Bank discovered the error in January 2010 and sent a $99,000 adjustment notice to the Federal Reserve. The Federal Reserve transferred the money out of Troy Bank\u2019s funds, but by that time, Gilley\u2019s account in Troy had dropped from nearly $200,000 to less than $600.<\/p>\n
\tTroy Bank sued Citizens Bank for its $98,436 loss. A Geneva County judge initially sided with Citizens Bank. The Alabama Supreme Court reversed that ruling.<\/p>\n
\t\u201cThe damage Troy Bank incurred was the result of Citizens Bank\u2019s encoding error. Had Citizens Bank properly encoded the check, Gilley\u2019s account would have contained sufficient funds to cover the full amount of the check when it was first presented to Troy Bank,\u201d Justice Tom Parker wrote.<\/p>\n
\tGilley developed Country Crossing casino in Dothan. He pleaded guilty in 2011 to offering bribes to legislators to support gambling legislation and was sentenced to more than six years in federal prison.<\/p>\n
\tHe at the federal prison in Atlanta and is due for release in June 2018.<\/p>\n
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MONTGOMERY, Ala. (AP) \u2013 The Alabama Supreme Court has sided with a bank in a fight over the troubled finances of jailed casino developer Ronnie Gilley. The ruling Tuesday involved a $100,000 check that Ronnie Gilley Properties wrote to Cile…<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-8086","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=8086"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8086\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=8086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=8086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=8086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}