The Bicycle Casino is adding another chapter that is scandalous its notorious story. The Southern California cardroom and hotel outside of l . a . in Bell Gardens was raided by federal officials on Tuesday early morning, but law enforcement divisions are remaining quiet on the information on the procedure.
Governor Jerry Brown (D), left, attended the ribbon cutting of the Bicycle Casino’s hotel expansion in 2015 alongside Bike Managing General Partner and CEO Hashem Minaiy. Couple of years later, the owners are actually allegedly entangled in a federal investigation that is financial.
The raid is being carried out by the united states Department of Homeland Security, and its particular Immigration and Customs Enforcement (ICE). According to neighborhood media reports, the usa Attorney’s Office, IRS, California Bureau of Gambling Control, and the Financial Crimes Enforcement Network (FinCEN) are involved.
ICE spokeswoman Virginia Kice stated, ‘Because the warrant is under seal, we aren’t able to comment regarding the nature or scope of the investigation.’
However, Fox 11 in l . a . says the sting is in reaction to alleged money allegations that are laundering the casino. All gambling has been shutdown as investigators sweep the Bike, because it’s affectionately known.
Since 1996, FinCEN has required gambling enterprises to file Currency Transaction Reports for just about any customer transacting $10,000 or Continue reading “Bicycle Casino in Southern California Raided by Federal Investigators”