On Sept. 2, 2021, the Minnesota Racing Commission issued a summary suspension of the Minnesota Owner's License of Jason Dodd Bullard.
Minnesota-based Empire Racing Stables owner Jason Bullard is among two individuals charged by the Securities and Exchange Commission to stop an alleged Ponzi scheme. According to the complaint, Bullard and his partner, Angela Romero-Bullard, misappropriated investors' money to support other businesses they owned, including their horse racing stable.
Pursuant to the order of United States District Judge David S. Doty, control of all assets, including the Thoroughbred racehorses in Minnesota owned by Jason Dodd Bullard and Empire Racing Stables, LLC, have been transferred to a court-appointed Receiver.
Pursuant to Minnesota Rule 7897.0130, Subpart 4(E), Jason Dodd Bullard may not benefit financially from the racing, training, or caring of horses at a licensed racetrack while serving this suspension.
At the direction of the court-appointed Receiver, the horses will be allowed to compete at Canterbury Park while the case is being investigated but all financial gains from horses competing in Minnesota for Empire Racing Stables, LLC will be controlled by the court-appointed Receiver pursuant to the order from Judge Doty.
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