Michael Evans, of SpringWest Capital Corp. Financial consultants hired by the Sanborns to help obtain the loan raised concerns about those issues, according to documents obtained by the Bulletin through a right-to-know request. Nor were elected officials, which Lauire Sanborn was when the Sanborns submitted the application in 2021. Sanborn argues the state’s investigation was “sloppy” and has blamed others for giving him bad advice on the loan application.Ĭasinos were not eligible for pandemic loans. A ruling on Sanborn’s challenge to the decision is expected in the coming days.
That investigation and questions about Sanborn’s business practices led the state Lottery Commision to revoke his gaming license indefinitely. The Sanborns are under state and federal investigation for allegedly obtaining the loan under false pretenses and using the money to enrich themselves with expensive race cars and rent payments to themselves. Laurie Sanborn, exchanged with financial consultants raised questions about their handling of a nearly $844,000 federal pandemic loan. Andy Sanborn awaits a decision on the fate of his state gaming license, an affidavit and emails he and his wife, state Rep. As Concord Casino owner and former state Sen.
