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sagesnow

(2,824 posts)
Thu Oct 4, 2018, 06:26 AM Oct 2018

How would you dispose of $3.5 million in poker chips? [View all]

According to the New York Times article about Fred and Donnie's criminal tax evasion scheme, Fred bought $3.5 million worth of poker chips from Donald's Casino, then never cashed them in. Wouldn't that be a heck of a lot of poker chips to drop in a dumpster or in the bay? Or perhaps there are there some poker chips worth a million dollars each?

From the Times:
"That was what happened at Trump’s Castle casino, where an $18.4 million bond payment was due in December 1990. Fred Trump dispatched a trusted bookkeeper to Atlantic City with checks to buy $3.5 million in casino chips without placing a bet. With this ruse — an illegal loan under New Jersey gaming laws, resulting in a $65,000 civil penalty — Donald Trump narrowly avoided defaulting on his bonds."

https://www.nytimes.com/2018/10/02/us/politics/donald-trump-wealth-fred-trump.html

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