Rated
Nov 22
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1 review
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financial planning, scam, casino
• reuters.com
Old news..I think just about everyone's heard of money laundering tactics using a casino to get tokens and then cashing out to get clean money back.
Las Vegas has cleaned up since its days as a magnet for ill-gotten mobster gains, but a Canadian insider trading scam has exposed the smaller-scale money laundering still going on in the desert city's casinos.
Canadian Stanko Grmovsek admitted in a Toronto court earlier this year to making $9 million with a law school buddy in a 14-year illegal scheme. Court documents show he said he laundered some of it by gambling wads of cash on games like blackjack in Vegas's world-famous casino strip.