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Bicycle Casino in Southern California Raided by Federal Investigators

Bicycle Casino in Southern California Raided by Federal Investigators

The Bicycle Casino is incorporating another chapter that is scandalous its notorious story. The Southern California cardroom and hotel outside of l . a . in Bell Gardens was raided by federal officials on Tuesday morning, but law enforcement departments are staying quiet on the information on the operation.

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. Couple of years later, the owners are actually allegedly entangled in a federal investigation that is financial.

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

ICE spokeswoman Virginia Kice stated, ‘Because the warrant is under seal, we aren’t able to comment on the nature or scope of the investigation.’

However, Fox 11 in l . a . says the sting is in response to alleged money allegations that are laundering the casino. All gambling is shutdown as investigators sweep the Bike, because it’s affectionately known.

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

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