Posted on 10/05/2017 6:35:50 AM PDT by Oldeconomybuyer
There’s a lot of problems with “laundering” money this way.
But if you played exclusively video poker, over the long haul, you would end up with 97 percent or so of what you started with.
So, I start with $10,000 in dirty money and end up with $9700 in clean money. That’s not a bad loss.
And if you steadily bet $100 a hand, it would take extraordinary circumstances to lose everything.
Gamblers who know what they are doing live in this 2 and 3 percent margins. But it takes pretty amazing discipline to do this sort of thing. The average tourist gets up $500 and then loses it all pretty quickly on a series of stupid bets.
I can’t imagine any Freeper is aware of him, but Chance the Rapper is huge.
I can’t imagine any Freeper is aware of him, but Chance the Rapper is huge.
-PJ
1. Let's say I've turned my $1,000 into $5,000. If I cash in $15,000 worth of chips at the end of the day, do the casino, the casino regulators, or the IRS have any idea where that money came from other than that I had either $15,000 in gross income or a net of $5,000?
2. Let's say I lost my $1,000. If I cash in $9,000 worth of chips at the end of the day, does anyone know that I've actually lost $1,000 for the day?
In either case, it looks like I have a way of having "clean" transactions recorded that only involve the purchase and redemption of casino chips. Nobody will have any knowledge of where the money came from, and if I always report my "winnings" to the IRS (even if my "winnings" are cash that I brought into the casino at the start of the day) then would anyone even care?
FBI is either perplexed, beaten down or, they have gone over to the dark side as Democrat Party, America haters. Do you realize that four days have passed and the FBI is still as cold as ice? Must be taking orders from Mueller, Comey, Brennan, Obama, and Clinton. Go figure!!!
By now the FBI should have been able to tell the American people, last time this nutcase, Democrat, Trump Hater, Stephen Paddock went to the bathroom. No such luck.
My heart and soul cries with pain and hurt for all of our innocents slaughtered, wounded and injured, while the FBI doodles at their leisure....Shame on all of them!!!
I’ve never gambled enough in a casino to have this worry. I fully expect some articles in the coming days explaining how casinos look for this sort of behavior.
I’m pretty sure that if you play electronic games, your activity is tracked - particularly if you are worried about comps like this guy seemed to be.
-PJ
Interesting. Does the casino even care about tracking specific activity, or do they only care that you've spent (and lost) a lot of money there? If I buy $100,000 worth of chips and then cash in $90,000 a few hours later, does the casino care if I lost $10,000 in one shot, lost it over many hours in $100 increments, or lost $50,000 and then won $40,000 back?
I'm wondering if any Freepers have worked in the casino industry in the past and might be able to weigh in on this.
For that to work, you'd have to play table games. He reportedly played video poker, which doesn't use chips; you simply feed cash directly into the machine.
How does one launder via the cash-only games?
-PJ
I believe that most comps are based on time more than dollars.
The casinos know the big dollar gamblers on site. They aren’t carrying a Harrah’s player’s card.
But they want the old lady to stay in her seat for 8 hours.
It’s a volume and time business.
(I think too many people think that casinos still operate the way they did in the 60s and 70s. Hence the shock yesterday about a $26 room service burger).
Remember that the purpose of laundering money isn't to actually make more money ... it's to make the money you already have look like you got it honestly. That's why you can "lose" money in the operation and still come out ahead.
If you rob a liquor store and get away with $10,000 in cash, you can easily explain to the police where you got the money if there is evidence that you've spent weeks and weeks gambling in casinos for hours at a time.
I just posted the same thing on another thread.
Plan A was false flag op - “right wing extremist shoots up diverse crowd”. BUT, if they/he got caught, it would be found to be false flag and have the opposite of the desired affect.
Plan B - just shoot up some conservative knuckle draggers - they deserve it anyway.
Maybe, maybe not. He may have had some hired help, but may have not known what was really going on.
I’m sure his SO drove him around or picked up merchandise at times, but probably had no idea.
I think they were afraid of explosives, and that’s why they didn’t attempt entry earlier. They may have drilled small holes in the wall to scope it out before entering.
Why did he stop after 10 minutes? My guess is he got tired. Those bump fire’s take a toll on your hands.
Why not here? It was too dangerous, too many people walking the streets with weapons.
Good call.
It could easily have been a dry run to see what the perspective looked like from that vantage point. I don’t know from personal experience what 22,000 people in 2 acres or in 4 acres looks like from that elevation. I don’t know from personal experience what a concert venue looks like from 300 feet in the air and 300 or 500 yards away. A crazy person like him might either do a dry run to evaluate his plan or simply do it to enjoy the sick fantasy one extra time before the real thing.
Then that makes sense why this demon would have done this. Thank God he’s dead and can’t bring any more tragedy.
Drunk, 22 year old sorority chicks in short shorts are an odd target if you want to kill conservative knuckle draggers.
I know that no one here knows anything about pop culture, but sometimes, that knowledge is helpful.
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