Not many details as to exactly what is going on ATM. It appears they're under criminal investigation for IRS related crimes?
http://www.nbclosangeles.com/news/lo...418206523.html
Not many details as to exactly what is going on ATM. It appears they're under criminal investigation for IRS related crimes?
http://www.nbclosangeles.com/news/lo...418206523.html
http://www.foxla.com/news/local-news/246389331-story
A really short video is up at this link it appears they are seizing financial records today for potential money laundering ring.
nice hand, sessions.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
#LOL
And of course the money laundering ring is Asian
https://twitter.com/twt/status/849320400362319872
Commerce is going to be packed in the meantime
http://www.miraclecovers.com
"Donk down, that’s what you say to someone after they have lost 28K straight?" - Phil Hellmuth, online
smells like a rat, where's lemon?
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Story is multi agency task force brought down the hammer for alleged money laundering charges. This is reminiscent of the massive investigation into good ole Sheldon Adelsons Venetian doing similar and cost them an eight figure fine. Reportedly involved in the raid HomeLand Security ICE IRS CA gaming and a few others. Given some of the ABCs involved my guess is this goes beyond just some small time money issues, likely includes international involvement problem is this is much more serious as the Bike is a card room not a typical casino which means collusion and a lot of other things that are the ammo for idiots like Chaffetz and others.
https://www.pokernews.com/news/2017/...raud-27555.htm
www.jokerstarspoker.com / www.jokerstarspoker.net / www.jokerstarspoker.eu
www.jokerstarspoker.club (not your mommas chinese poker app)
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
My sources say that this is strictly a money laundering issue, and involves a small number of individuals.
Basically, the Bike and certain employees are suspected of being complicit in money laundering on behalf of criminals who are using the casino as a way to clean "dirty" money, disguising it as gambling winnings.
The Normandie Casino, also in the LA area, got into similar hot water in 2015.
There is panic right now that The Bike (which I believe to be the world's second-largest card room, behind Commerce) is broke and that their chips will become worthless.
From what I'm hearing, that's not the case, and in fact they will reopen in 1-2 days.
LA Times article seems to be confirming what my source said. This is only about money laundering: http://www.latimes.com/local/lanow/l...404-story.html
From the LATimes article, I mean how can you argue with this logic:
"A Pai Gow player who joked that he comes to the Bicycle and loses “every day," Taylor said he was not surprised by the flood of police that descended on the building. "Let's put it like this. Gambling is a game of luck. I consider myself a lucky person," he said. "But you can never win at the Bicycle."
Several others watching from the street also had complaints about the casino — decrying rude pit bosses and raising suspicions that even though “the house always wins,” it won a little too often inside the Bicycle. Rigged gaming, however, did not appear to be the focus of the federal probe."
Will sell for $499
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