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Courses/Ethics/Business Ethics

The 80 Billion Gamble

How a lottery ticket, two hot dogs, and Bigfoot helped solve the largest lottery fraud in U.S. history.

Created byTerry Rich
4.5
(144 reviews)
BeginnerUpdated Feb 24, 2024
The 80 Billion Gamble

What You'll Learn

check_circleThe importance of ethics to an organization and an entire industry
check_circleExplore the multi-faceted approach taken by investigators to uncover the fraud and identify Tipton as the perpetrator.
check_circleThe moral failures that led to the largest lottery fraud in history and the ethical challenges in solving it.
check_circleHow to put their ethics into action in their business and daily lives.

About This Course

This 1-hour course will help attendees understand the need to exhibit high levels of ethics in their businesses. Terry will discuss business and personal ethics as he illustrates the moral failures that led to the largest lottery fraud in US history and the ethical challenges encountered when solving it. This presentation will guide attendees through moral reasoning and illustrate the importance of doing the right thing. 

This course explores the intricate web of deceit spun by Eddie Tipton, the mastermind behind the largest lottery fraud in U.S. history. Through a detailed examination of the events leading up to his capture, learners will gain insight into the vulnerabilities of lottery systems, the importance of internal controls, and the investigative techniques that ultimately led to justice.

Topic List:

  1. Introduction to Lottery Operations and Security: An overview of how lotteries operate and the security measures typically in place to prevent fraud.
  2. The Tipton Case: A detailed account of Eddie Tipton's actions, from the inception of the fraud to his eventual arrest.
  3. Investigative Techniques and Challenges: Examination of the techniques used by law enforcement to unravel the fraud, including the pivotal role of surveillance footage and insider tips.
  4. Legal Proceedings and Outcomes: A review of the trial, sentencing, and the aftermath of the case for all involved.
  5. Preventing Future Frauds: Discussion on the lessons learned and the changes implemented in lottery security protocols post-Tipton case.

This educational module is designed to provide learners with a comprehensive understanding of the complexities involved in lottery fraud, the investigative process, and the importance of ethical conduct and robust security measures.

Your Instructor

Terry  Rich
Terry Rich

Global Ethics and Innovation Professional

menu_book2 courses
star161 reviews

Creative. Innovative, Lucky. Energetic. Fraud-busting. Terry Rich is a successful CEO and President of 25 years who loves to engage and entertain audiences across the globe. Under his leadership, state lottery sales and profits increased by 50%. He also led the Blank Park Zoo to profitability from a $600,000 deficit while positioning it as the second-largest attended attraction in the state. But his national insight on business, banking, gaming, TV production, marketing, and PR led him to success in his professional career and his passion for public speaking. Oh, and he’s also given away over $1 billion. Terry led the team that cracked the largest lottery fraud in US history. During the investigation, Terry oversaw day-to-day operations while considering long-term consequences, adapting quickly to change, and delivering on promises. Before that, he started four successful entrepreneurial businesses. He has numerous national media appearances including ABC, NBC, HBO, CBS, 20/20, CNN, CNBC, USA Today, and The New York Times; a movie host on Starz! and appeared as a panel guest on the "Tonight Show". His production of a Fox Sports show called “Socker Slam” is currently a featured documentary on the Hearst streaming service “Very Local”. He’s a disruptive innovator and entrepreneur with a drive for integrity and honesty. He’s worked in the trenches, survived new business trends, and had success with generational changes. Terry Rich has authored two books: The $80 Billion Gamble and Dare to Dream, Dare to Act.

Credit Information

Do these courses count toward my professional development requirements?

This portal is provided as a training and development resource for City of Markham employees. Every course is delivered by a qualified subject matter expert or learning organization, is quantifiable in hours, and is verifiable — you receive a documented certificate of completion for every course you finish, stored on LearnFormula indefinitely.

If you hold a professional designation (for example in engineering, accounting, human resources, or law), courses may be counted as professionally relevant, verifiable learning activities toward your continuing professional development. Individual practitioners are responsible for confirming that an activity meets the requirements of their professional body. For questions about the City of Markham's training and development policies, please speak with your people leader or Human Resources.

What Students Are Saying

4.5
Student's Choice
144 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.