What a bunch of BS. To me it looks like Davis is just trying to divert the blame to someone else. It won't work, and being a magistrate, he's got to know that. Those customers didn't contract with Masiello, they contracted with Davis, and HE is the only one responsible for paying them back. Check out the WAVE3 article: http://www.wave3.com/Global/story.asp?S=12449686
Now Davis is trying to drag Dallas Stewart's name into it. I've known Dallas since he was an exercise rider in Wayne Lukas's barn, worked for him for a while, and he's a good man. I truly don't believe he would have anything to do with any shady dealings like this, and I KNOW he wouldn't need the money. Plus, like the article says, just because he's a trainer doesn't mean he automatically has tickets. If you're not saddling a horse in the Derby, those tickets are hard to get, doesn't matter who you are.