David Baazov Trial To Go Ahead

Publish: 30.01.2018

The lawyers of the former Amaya Gaming Chief Executive Officer, David Baazov, filed a motion to have their client’s charges dropped, but after a Quebec judge refused to do so, the trial will go ahead as planned.

Baazov lawyer claimed it had taken too long for prosecutors to bring the case to trial, which was supposed to begin in December.

A Complex Case

Back in December, Judge Salvatore Mascia said he was considering the stay request filed by Baazov legal team. However, Mascia accepted the arguments of the Autorité des marches financiers (AMF), the organization responsible for financial regulation in the Canadian province of Québec, that the process, which included two other defendants, Yoel Altman and Benjamin Ahdoot, should go through.

Baazov’s lawyers claimed the prosecution had given them 16 million pieces of evidence only a little over a month before the trial was scheduled to start, of which only one-eighth was relevant to their client’s case.

Explaining his decision, judge Mascia said the case was very complex, and added he had been assured by the prosecutors that they had a concrete plan to minimize delays as much as possible. The trial should begin in the coming weeks, and according to available information, more than 50 witnesses will appear in front of the court.

Serious Accusations

Almost two years have passed since the AMF charged Baazov with insider trading related to a number of Amaya transaction, including the purchase of PokerStars, back in 2014.

The investigation revealed some of the transactions were meant to enrich the defendants, while others were aimed at boosting Amaya’s share price.

He left his position as Amaya Gaming Chief Executive Officer in mid-2016 and has since sold the majority of his shares in the company. On the other hand, Amaya was rebranded as The Stars Group and moved its corporate headquarters from Montreal to Toronto.