A gambling syndicate may have laundered as much as HK$33 million in two years, says superintendent, according to authorities in Hong Kong.
The force raided seven dens and seized HK$2 million in cash, two sports cars and 10 luxury watches as part of the Thursday raid.
The 35 men and 13 women comprised the alleged ringleader, 12 core members of the syndicate and 35 gamblers.
During the operation, officers closed down seven gambling dens controlled by the syndicate in Yau Ma Tei, Mong Kok, Sham Shui Po and Yuen Long.
“In the operation, officers seized HK$2 million, two sports cars worth HK$2.4 million, and 10 luxury watches with an estimated value of HK$3.5 million,” Superintendent Lui Sze-ho of the force’s organised crime and triad bureau.
2022 WSOP Was Brutal for Negs
It's not just that he finished no better than 5th at any of the 2022 World Series of Poker events, Daniel Negreanu left Vegas down $1.1 million and with a bandage around his wrist after getting caught up in some type of stampede.
"I think I play better every WSOP with fewer and fewer mistakes," Negreanu told PokerNews. "My process is to evaluate what worked and what didn't work, and I mean that primarily in terms of preparation rather than poker strategy. As in, what works to help me feel rested and at my best. That's improved every year and I'm dialed in on several key principles."
That website added:
Negreanu lost nearly half of the $1.1 million deficit in the $250,000 Super High Roller, an event he infamously busted two bullets ($500,000 total) and threw his selfie stick in frustration on the way out following a runner-runner bad beat.
Negs cashed in 12 events, but only twice did he walk away with more than $30,000. His biggest cash was $ 88,081.
Man Pleads Guilty to Tax Fraud Conspiracy Tied to Illegal Gambling Biz
A Florida man has plead guilty to tax fraud and conspiracy tied to a Canton, Ohio illegal gambling business.
The DOJ says that Larry Dayton, 46, co-conspired with two other individuals: Rebecca Kachner and Jason Kachner in the operation of Skilled Shamrock and Redemption, two illegal gambling businesses.
In May 2021, the government charged the couple, along with CPA Ronald DiPietro and Thomas Helmick with conspiring to operate illegal gambling businesses and to defraud the IRS, among other criminal offenses. The superseding indictment unsealed last week adds Karasarides to the indictment and includes new tax charges against DiPietro.
With DiPietro’s help, Karasarides also allegedly filed false tax returns with the IRS for 2013 through 2016, the Justice Department contends in its complaint.
They further claim that Karasarides sought to tamper with a witness appearing before the grand jury.
Dayton was not previously named in federal indictments. He faces up to five years in prison if convicted.
- Nagesh Rath, Gambling911.com
