Millionaire’s $500,000 gambling debt before bankruptcy was fraud

Caesars Palace is suing the millionaire who owns the famed Beverly House estate in Beverly Hills, Calif., charging he fraudulently ran up $500,000 in unpaid gambling debts before filing for bankruptcy.
An attorney for Caesars Palace last week filed an adversary complaint in the Los Angeles bankruptcy case of businessman Leonard M. Ross.

Ross is known for owning the Beverly House, formerly known as the Hearst-Davies estate that was named for publisher William Randolph Hearst and actress Marion Davies.

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