Investigators are being very very careful what they release to the public.
Weren’t we told that he was “unknown” to the authorities?
“Reports of suspicious activity” is modern cop-speak for handing large amounts of cash?
Fill us less knowledgable types in on how gambling is used for laundering cash. I’m not sure how it works.
Yes, another thread points to him possibly having connections to the intel folks. He may actually be a CIA operative.
This kind of cumulative transactions should have triggered a warning long before it hit the 200+ mark. That’s an average of over 5 per month for three years. That’s not supposed to be occurring without some sort of investigation. Then again, maybe it was investigated and that’s another bit of information to be scrubbed or buried by the FBI.
I'd bet there was a lot of money laundering going on in the real estate dealings, and he cut his brother in on the action as a silent partner.
Perhaps sham tenants funneling money from cartels pay 'rent' in cash, and the cartels take an ownership interest in the real estate through a cut-out, with Paddock getting a small percent to manage it.
Whoever he was laundering money for basically owned him and could pressure him to do whatever they wanted to.
Maybe he is an ex-Ninja Frogman who managed the impromptu
underwater machine shop that swapped out the engine on
Fuddy’s plane and injected her with death serum.
Because that happened.
Bookmark
If this has been going on since 1988 and nothing happened to him over that period, then he was probably reporting any casino winnings to the IRS as required by law. This is probably something that a serious money-launderer would do. One of the best ways to “clean” the money is to do it according to the letter of the law as far as the IRS is concerned.
The media talks about him being a “gambler” as if you can actually make money against casinos.
There are only 2 ways to consistently win in a casino:
1. Live poker against other poker players (not against the casino)
2. Cheating
(And #2 isn’t that consistent in the long run.)
So WTF are they talking about? I know poker has been mentioned... but I’ll tell you something that I am 100% sure of... 1000% sure of...
NOBODY BEATS SLOT MACHINES UNLESS THEY HAVE A METHOD OF CHEATING
NOBODY
NOBODY
NOBODY
I’m not talking about some lucky tourist schlub hitting a big jackpot and then going home and never returning.
I’m talking about a regular “gambler” playing slot machines on a regular basis.
NOBODY WINS
NOBODY
Allow me to agree with you.
There’s something going on and it’s being released with care.
I admit, with shame I suppose, but it is damn intriguing.
Wiring money out of the country is also a Suspicious Activity Report trigger.
Paddock had just wired $100,000 to the Philippines. I wonder where else his $$$ went to.
He had health issues and maybe he knew the authorities were onto him?
Cash Transaction Reports (CTR’s) are very common; Banks do hundreds of them. CTRs report on any cash transaction (in or out) over $10,000. I’m sure Casinos issue many every day. They are not usually reviewed by FinCEN unless something else comes up.
Suspicious Activity Reports are more serious. They are filed when it looks like someone is avoiding CTR’s by doing a bunch of smaller transactions ($7,000, $8,000, etc.). Again, quite a few are regularly filed, but not nearly as prevalent as CTR’s. Often done by someone hiding untaxed income.
Stephen Paddock is going to turn out to be one of two kinds of low life, scum & vermin. One, he will be the evil, murdering tool of ISIS, as ISIS itself has reported or, he will be a radical, left-wing Democrat, Trump Hater that was motivated by various nutcase, Democrats (Maxine Waters) or the likes of folks like evil and vile, Hollywood Celebrity, Kathy Griffin, waltzing around with great glee while bobbing the beheaded head of Donald Trump.
Hopefully, we American citizens and voters will soon learn the truth....either way. This disgusting excuse for a human being was “dirty & hateful” from head to toe!!!
and a real estate genius
If he was buying in Florida and California, you don’t have to be a genius to make money over 30 years - we sold for $750k over purchase price out here after only 13 years
Too many coincidences here.
From his last name of Paddock and that word’s connection with horse racing and gambling and then that gambling habit compounded by the Philippine girlfriend.
Is there a single Paddock research thread... If not there should be. Just thru face book it appears that people that knew him are pretty liberal.
What about wiring $100,000 to his girlfriend in the Philippines several days ago. Wouldn’t that attract scrutiny at the time it was made unless the bank here had no obligation. I’m sure the bank there had none but I wouldn’t know.
Just a guy, completely unknown to authorities, not even a parking ticket, oh wait...