Feds Raid Bicycle Casino In Criminal Fraud Investigation
Source: CBS Los Angeles
BELL GARDENS (CBSLA.com) Federal agents Tuesday shut down the Bicycle Hotel and Casino in Bell Gardens as part of a criminal fraud investigation, authorities said.
Authorities with U.S. Immigration and Customs Enforcements Homeland Security Investigations (HSI) confirmed the raid, but would not comment on the scope or nature of the investigation.
The raid was a part of a criminal fraud investigation, according to KNX 1070s Pete Demetriou.
Read more: https://www.google.com/amp/losangeles.cbslocal.com/2017/04/04/feds-raid-bicycle-casino-in-criminal-fraud-investigation/amp/
Link to tweet
[center][font size6] UPDATE [/font][/center]
Word on street, from those that were there, ceds are after complex (Asian) games; which are separate corporations...from the Bike.
But, due to fact Asisn games corporations are located on premises, feds had to raid entire place...to do audits
[center][font size=6 color=burnt] UPDATE [/font][/center]
Bi ycle Casino has reopened...I got free breakfast 1st back
Link to tweet
SunSeeker
(51,369 posts)It's been there a long time. Wonder what"s up. One thing's for sure, that casino did nothing to remedy the poverty of the surrounding community. I'm guessing it was all a scam from day 1.
Plucketeer
(12,882 posts)Didn't gamble - just hit the smorgasboard.
laserhaas
(7,805 posts)staff.
Sad they are now, in a state of flux 😕
Nitram
(22,671 posts)Is there something I'm missing, like a connection to Trump or the Russians, or the fact that our country is in the worst constitutional crisis of our history?
snooper2
(30,151 posts)not everything is tied to drumpf
laserhaas
(7,805 posts)Drumpf in cuffs...Ivana whimpering
laserhaas
(7,805 posts)MANN Act requires 60 day notice when 200 ppl or more are put out of work....
Does fed raid take paramount? Or will the 1000 employee's have a senior priority claim over monies seized by feds.
Are janitors and maintance workers consider to be a part of the "enterprise"
Nitram
(22,671 posts)I never realized that corruption of a gambling enterprise was news. Lear n something new everyday.
Brother Buzz
(36,214 posts)Bell has had its share of scandals in recent years
Friend or Foe
(195 posts)In 1990, it was seized as part of the drug smuggling ring operated by Sam Gilbert. Mr. Gilbert was also known around town as the top UCLA basketball booster during the John Wooden hey day.
laserhaas
(7,805 posts)Thanks for this
Brother Buzz
(36,214 posts)Gilbert's influence ultimately helped land UCLA basketball on NCAA probation. In December 1981, UCLA was cited for nine infractions and received two years' probation, which included a one-year NCAA tournament ban and an order to vacate its 1980 NCAA national title game appearance against Louisville.
The most serious allegation levied against Gilbert was that he co-signed a promissory note so a player could buy a car. The NCAA ordered UCLA to disassociate Gilbert from its recruiting process.
laserhaas
(7,805 posts)Was that during Wooden era?
Brother Buzz
(36,214 posts)Larry Brown was UCLA's basketball coach in 1980. None of the violations were tied to Wooden's era, although it's understood Wooden often turned a blind eye.
laserhaas
(7,805 posts)Ways to skin the NCAA cat
Fast Walker 52
(7,723 posts)laserhaas
(7,805 posts)Generates too much cash...will reopen....soon
laserhaas
(7,805 posts)laserhaas
(7,805 posts)laserhaas
(7,805 posts)But he should have better sense
http://abc7.com/news/federal-agents-serve-warrant-at-bicycle-casino-in-bell-gardens/1835506/
laserhaas
(7,805 posts)EllieBC
(2,961 posts)laserhaas
(7,805 posts)As if nothing happened
MurrayDelph
(5,281 posts)My oldest friend writes for the Poker giveaway magazines (as well as his own poker blog), and The Bike is one of his his employer's biggest customers.