I read that he was on winning spree.
I read that, too.
But that was one win of $20,000.
If he won $20,000....
Do you know people addicted to gambling? They only talk about the wins. If he won, $20k, he likely lost several times that.
Casinos weren’t paid for by winners.
If you gamble, you lose.
Where’d he get the money to keep up that lifestyle? Assume he’s losing $100k a year.
The brother is weird as well. Go watch that interview.
He doesn’t talk to his brother, but they (reported today) are co-owners of the multimillionaire business enterprise.
What business is it? Does anyone know?
Can anyone tell me what job this guy had that paid him this money?
Does anyone in the media care to ask that simple question?
“I read that he was on winning spree.”
On another thread it talked about all of the transactions he made at the casinos - more than $10,000 at a time, several times a month. Freepers were saying they can bring in as much cash and buy chips and that is not audited. Only when you cash in the chips is it audited - as winnings.
So bring in $10,000 of illegal money to buy chips. Play a little bit and cash in $9,000 to $11,000 worth of chips for clean money. That doesn’t sound right to me though - for IRS purposes wouldn’t you need to prove how much money you started with, and how much you ended with. Although maybe the amount you started with is YOUR responsibility (keep your receipts!).
I don’t know - but many were saying that gambling is a good (but expensive) way to launder money. You need to make sure you pay the taxes on your winnings. (Recall the guy was former IRS, so he knew how to handle that system).
And as others have noted, the guy does postal service work, IRS accounting, Defense Contractor accounting, and ends up making millions in real estate? I suppose make some decent purchases over the years and it all adds up. (I heard he was worth $5 million). That could be ten homes used as rentals.