A California resident, Adams worked for Deloitte, D&T and its predecessors from June 1974 until he retired in May 2010. He can apply for reinstatement to practice before the SEC, which said accepting markers represented a loan that violated auditor independence rules, after two years.

According to SEC documents, the casino gambling firm was a client from January 20, 2009 until January 13, 2010, Adams was removed from the 2009 audit on engagement on Jan. 23, 2010, for reasons that were not based on his use of casino markers.

The SEC said Adams concealed his activity from the firm and lied to a D&T partner when he was asked generally if he had casino markers from attest clients of the firm.

While working on the 2009 audit, Adams visited the casino at least five times He had originally opened a line of credit on June 29, 2004 with the amount increase from 100,000 to $110,000 on Dec. 16, 2009.

He had tens of thousands of dollars in markers outstanding at different times. This included $85,000 drawn on July 29, 2009 that were outstanding for 43 days; two markers drawn on Sept. 15, 2009 with $3,000 outstanding for 13 days and $70,000 for 27 days; $110,000 drawn on Oct. 13, 2009, outstanding for 38 days; $100,000 drawn on Dec. 8, 2009, outstanding for seven days.

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