Lashbrook v. Indiana

Is an airplane investment program gambling under Indiana law?

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The Court of Appeals affirmed the convictions of gambling under Indiana law because the essences of an airplane program is the investment of money with the payoff to come from conditions outside of the investors control. The initial investment consisted the initial payment on the chance that enough additional investors would sign up to enable the "pilot" to get paid.

Case and case summary are also available online at: http://www.mlmlegal.com/legal-cases/Lashbrook_v_Indiana.php

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Reference Info:State, 7th Circuit, Indiana | United States

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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