Conflict of interest - Bettors screwed

[newsbuster]

From the Blood-Horse today. Why does a CHRB member own horses? How do the bettors of the 2nd place finisher get their winnings?

http://www.bloodhorse.com/horse-raci...qd-from-stakes

California Horse Racing Board commissioner George Krikorian's Big Book has been disqualified from her victory in the July 25 Fleet Treat at Del Mar because of a test that showed elevated levels of acepromazine, which can be used as a tranquilizer in horses.

Trained by Tim Yakteen, the 3-year-old daughter of Mr. Big won the $200,000 race for California-breds by 2 1/4 lengths at odds of 7-2. According to a California Horse Racing Board stewards ruling, purse money from that victory ($106,527.60) is to be returned by Krikorian and jockey Rafael Bejarano, and redistributed to other connections based on the revised order of finish.