Bicycle Casino in Southern California Raided by Federal Detectives

Bicycle Casino in Southern California Raided by Federal Detectives

The Bicycle Casino is including another scandalous chapter to its notorious story. The Southern California cardroom and hotel outside of la in Bell Gardens was raided by federal officials on Tuesday early morning, but law enforcement divisions are staying peaceful on the details of 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. Two years later, the owners are now actually allegedly entangled in a federal financial investigation.

The raid will be carried out by the US Department of Homeland protection, and its own Immigration and Customs Enforcement (ICE). According to regional media reports, the united states Attorney’s Office, IRS, California Bureau of Gambling Control, and the Financial Crimes Enforcement Network (FinCEN) are involved.

ICE spokeswoman Virginia Kice said, ‘Because the warrant is under seal, we are not able to comment in the nature or scope of the investigation.’

Nevertheless, Fox 11 in l . a . says the sting is in reaction to alleged money laundering allegations at the casino. All gambling is shutdown as investigators sweep the Bike, as it’s affectionately known.

Since 1996, FinCEN has required gambling enterprises to file Currency Transaction Reports for any customer transacting $10,000 or higher in a day that is single.

Dirty Money Crackdown

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