Let’s say I have 500k in cash from fraudulent activities. It seems like I could just go to a casino and play games in a way that minimises my losses or even, if let’s say I was a big organisation, try to work with some casinos for them to launder my money for a lower fee.
I suppose there are rules in place to prevent this type of activities. But what are they? How is this prevented from happening? It seems like it’s really easy to launder money if I needed to
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I mean.. You’re talking about asking a casino to commit a federal crime, and it’s leadership never be able to be involved in gaming again. That’s aside from the prison sentence.
Sure, you “could”. But you could also just decide to win the lottery. Similar odds of it working
Casinos track every chip. Newer casinos have rfid in the chips and they can tell exactly when and where it is played. You’re on camera the whole time. Dealers and pit bosses are trained to look out for this sort of thing.
The second you cash out 10k+ it’s reported to the irs. Any significant win that requires a handpay is reported to the irs.
If you are sitting there for 2 hours, barely betting, don’t lose much and cash out a large amount you will almost certainly be flagged for money laundering and looked at by security.
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