It has been reported that racehorse owner Dan Waxman has been ordered to give up more than $450,000 in prize money won by his race horses

An article by The Hamilton Spectator explains that the ORC decision is based on allegations that Daniel helped his father, Robert Waxman, hide ownership of a stable of horses, which included Loyal Opposition, a multiple stakes winner that won 56 of her 98 career races and banked $3,021,108 in purses. The pacing mare last raced in November of 2006.

The ORC had started its investigation into the possibility of hidden ownership back in 2004.

The report also states, "While repeatedly noting 'The ORC Administration does not assert … that Daniel Waxman was party to or engaged in any fraudulent transaction or dishonest conduct' the commission made it clear important rules had been breached and Waxman had an obligation to be familiar with the rules even if he 'was not aware of the particulars or details of Robert Waxman’s license history or of all the matters and legal proceedings in which his father was involved or named.'"

The report states that in settling the case, the ORC accepted an agreed statement of facts in which Daniel acknowledged only that despite his extensive background and involvement in horse racing, he failed to keep a clear and distinct separation between himself and his father when it came to racehorses.

(With files from The Hamilton Spectator)