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Thread: Casinos as Money Laundering Centers

  1. #1

    Default Casinos as Money Laundering Centers

    Here's some of what I know is going on at a huge scale. zg

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    Casinos as Money Laundering Centers

    The future will see virtual casinos and, logically, virtual money laundering. For example, Las Vegas- based Alliance Gaming Corporation, which recently acquired Bally Gaming International, wants to establish a dominant role in Internet gaming. It clearly has all the right ingredients. First is Internet expertise. Alliance Gaming's Vice Chairman, Craig Fields, was formerly the Director of the Defense Advanced Research Projects Agency (DARPA), which created the Internet. Second is gambling expertise. Bally, and by reflection Alliance, is a household name to the average gambler. Third, well . . . According to some Nevada law enforcement officials I've spoken to, Alliance Gaming currently launders money for the CIA. That should give Alliance the experience it needs to expand the concept to cyberspace.
    -- J. Orlin Grabbe
    ----------------------
    Tough-guy casino owner and Likud backer, Steve Wynn started in Las Vegas in 1967, with a small interest in the Frontier Hotel casino, then controlled by the Detroit mob. He later took control of the Golden Nugget. In 1980, with financial backing from Drexel Burnham Lambert, Wynn built the Golden Nugget casino in Atlantic City, where Meyer Lansky's Resorts International had opened the first casino in 1978. Wynn sold the Atlantic City casino and took more from Milken's Drexel to build the massive Mirage in Las Vegas, which opened in 1989. Drexel also funded other casinos, pumping billions of hot dollars into Vegas as part of Dope, Inc.'s transformation of its money laundering center from a city run by the old-style Mob, into a resort center with the organized crime activities hidden behind slick corporate fronts.
    -- Dope Inc.
    --------------------
    See Also -
    The Uston Hit by Zengrifter
    http://www.zenzoneforum.com/showthre...ighlight=uston
    Dope Inc. by Lyndon LaRouche
    http://exopolitics.blogs.com/files/d...trade-1978.pdf

    Money Laundering through Casinos by J. Orlin Grabbe
    http://classic-web.archive.org/web/20040114005317/
    The Money and The Power by Morris & Denton
    http://www.powells.com/cgi-bin/bibli...2-0375414444-0
    Last edited by zengrifter; May 12th, 2011 at 05:52 PM.

  2. #2

    Default

    a little off topic but, Tamares, the gun/munitions running to Israel...is it possible that is what they wanted the Plaza/lvc/goldspike for?

  3. #3

    Default

    Quote Originally Posted by Brutus View Post
    a little off topic but, Tamares, the gun/munitions running to Israel...is it possible that is what they wanted the Plaza/lvc/goldspike for?
    That was exactly my thought when I began researching them for a LVTribune story, but I couldn't find any real dirt. Bottomline - Tamares is an Israeli arms dealer therefore they are linked to Mossad AND Israeli mafia - OFCOURSE thats what they wanted! zg
    Last edited by zengrifter; January 9th, 2007 at 05:09 PM.

  4. #4

    Default

    Excerpt from The Money and The Power -



    Excerpt

    Chapter 1

    1. Meyer Lansky

    The Racketeer as Chairman of the Board
    -----------------------------
    He left school after the eighth grade, to find in the streets and
    back alleys of New York his philosophy, his view of America,
    ultimately his vocation. He lived in a world dominated by pimps and
    prostitutes, protection and extortion, alcohol and narcotics,
    legitimate businesses as fronts, corrupt police, and ultimately,
    always, the rich and powerful who owned it all but kept their
    distance. There was gambling everywhere, fed by the lure of easy
    money in a country where the prospects of so many, despite the
    promise, remained bleak and uncertain.

    A gifted mathematician with an intuitive sense of numbers, he was
    naturally drawn to craps games. He was able to calculate the odds in
    his head. Lore would have it that he lost only once before he drew an
    indelible lesson about gambling and life. "There's no such thing as a
    lucky gambler, there are just the winners and losers. The winners are
    those who control the game . . . all the rest are suckers," he would
    say. "The only man who wins is the boss." He decided that he would be
    the boss. He adopted another, grander axiom as well: that crime and
    corruption were no mere by-products of the economics and politics of
    his adopted country, but rather a cornerstone. That understanding,
    too, tilted the odds in his favor.

    For Luciano and other gangsters, Lansky was the preeminent investment
    banker and broker, a classic manager and financier of a growing
    multiethnic confederation of legal and illegal enterprises throughout
    the nation. He organized crime along corporate hierarchical lines,
    delineated authority and responsibility, holdings and subsidiaries,
    and, most important, meticulously distributed shares of profits and
    proceeds, bonuses and perquisites. There would always be separate and
    distinct provinces of what came to be called most accurately the
    Syndicate-feudal baronies defined by ethnic group, specialty, assets,
    or geography, that ruled their own territorial bases and colonies,
    coexisting warily with the others, distrusting, jockeying, waiting,
    always conscious of power. It was part of Lansky's clarity of vision
    to see how they might be arrayed to mutual advantage despite their
    unsurrendered sovereignty and mutual suspicion. He recognized how
    much the country-in the grip of Wall Street financial houses and
    powerful local banks, industrial giants in steel, automobiles,
    mining, and manufacturing, the growing power of labor unions, the
    entrenched political machines from rural courthouses to city halls of
    the largest urban centers-was already ruled by the interaction of de
    facto gangs in business and politics, as in crime. A faction unto
    himself, after all, he would never subdue or eliminate the boundaries
    and barons. Over the rest of the century their domains would only
    grow. In business, he preferred to own men more than property,
    especially public officials whose complicity was essential. He did
    not, like most of his associates, merely bribe politicians or
    policemen, but worked a more subtle, lasting venality, bringing them
    in as partners.

    Americanizing corruption as never before, Lansky extended it into a
    truly national network and ethic of government and business, a shadow
    system. His Syndicate came to bribe or otherwise compromise, and thus
    to possess, their own politicians, to corrupt and control their own
    labor unions and companies, to hire their own intelligence services
    and lawyers, to influence banks with their massive deposits. But it
    was Lansky who gave their expedient alliance a historic cohesion,
    wealth, and power. Already by the thirties their shared apportioned
    profits were in the tens of millions of dollars, equivalent to the
    nation's largest industries.
    -----------------------
    ...complete chapter 1 here - http://www.powells.com/biblio?show=E...e=excerpt#page
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  5. #5

    Default

    I love this -
    Those closest to Lansky would claim that he accomplished the supreme
    blackmail in the thirties, obtaining photographs of homosexual acts
    by J. Edgar Hoover, the increasingly powerful and celebrated director
    of the Federal Bureau of Investigation. The pictures were said to
    hold at bay this most formidable of potential adversaries. ... over
    the decades Lansky enjoyed almost singular immunity from serious FBI
    pursuit; "Lansky and the Bureau chief in a symbiotic relationship,
    each protecting the other," University of California scholar Peter
    Dale Scott would write of the suborning.
    Last edited by zengrifter; July 25th, 2007 at 09:25 PM.
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  6. #6

    Default

    over the decades Lansky enjoyed almost singular immunity from serious FBI
    pursuit
    I guess it had a lot less to do with inside tips Hoover got for horseraces.



    On a
    rainy night in 1927 in southern New England, a gang working for
    Lansky hijacked with wanton violence a convoy of Irish whiskey being
    smuggled by one of their rival bootleggers, an ambitious Boston
    businessman named Joseph P. Kennedy. The theft cost Kennedy "a
    fortune," one of the hijackers recalled, as well as the lives of
    eleven of his own men, whose widows and relatives then pestered or
    blackmailed a seething Kennedy for compensation.
    hmmm. now we have a motive for bobby (as atty general) going after the gangs.
    thats a hell of a "tit for tat" game.
    Last edited by Brutus; July 25th, 2007 at 10:09 PM.

  7. #7
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    Default even Gates is a crook like kennedy

    He "borrowed " the computer from IBM to research it when he dropped out of college and stole half the work that had already been done on it . That was in the made for TV movie and i thought to myself all fortunes have tainted money or beginnings somewhere such as Rockefeller , Kennedy , Mellon , Carnegie , etc . More power to them though - they pulled it off !!!!!!!1
    Last edited by glovesetc; July 28th, 2007 at 03:59 PM. Reason: spelling

  8. #8

    Default

    Quote Originally Posted by glovesetc View Post
    He "borrowed " the computer from IBM to research it when he dropped out of college and stole half the work that had already been done on it . That was in the made for TV movie and i thought to myself all fortunes have tainted money or beginnings somewhere such as Rockefeller , Kennedy , Mellon , Carnegie , etc . More power to them though - they pulled it off !!!!!!!1
    "Kid, behind every great fortune is a great crime."
    --my father, ZG Sr.
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  9. #9
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    Default zen

    you had a wise father and my mother told me that one years ago as well and it is still true today - good post

  10. #10
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    Default

    Quote Originally Posted by glovesetc View Post
    you had a wise father and my mother told me that one years ago as well and it is still true today - good post
    Indeed!

  11. #11
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    Default

    Quote Originally Posted by DDutton View Post
    Indeed!
    )
    Attached Images Attached Images    
    Dogma schmogma

  12. #12

    Default "Did Las Vegas Just Become China's Billionaire New Money-Laundering Mecca?"

    Here goes a good article regarding gaming for money laundering in Las Vegas from Zerohedge.

    ----------
    Did Las Vegas Just Become China's Billionaire New Money-Laundering Mecca?

    An odd thing has been happening in the last few months. Since the Chinese government began to crackdown on 'junkets' and 'corruption', Macau - the hub for Chinese billionaires to smuggle their money out of China - has seen revenues disappointing. So much in fact that, as Reuters reports, gambling revenue in Macau fell 3.7% in June on an annual basis, the first decline in more than four years. It could be coincidence, however, that as Macau has seen growth collapse, Las Vegas has seen Baccarat (the preferred game of China's rich) surge. In May, as Macau growth slumped, Las Vegas Baccarat surged over 85%. While slots (the staple indicator of the 99% in America) continues to decline (-4.4% in May), it seems rich foreigners are finding creative new ways to wash their money out of China.

    >> http://www.zerohedge.com/news/2014-0...undering-mecca
    Last edited by zengrifter; July 2nd, 2014 at 03:43 PM. Reason: formatting

  13. #13
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    Default

    Quote Originally Posted by zengrifter View Post
    I love this -
    Those closest to Lansky would claim that he accomplished the supreme
    blackmail in the thirties, obtaining photographs of homosexual acts
    by J. Edgar Hoover, the increasingly powerful and celebrated director
    of the Federal Bureau of Investigation. The pictures were said to
    hold at bay this most formidable of potential adversaries. ... over
    the decades Lansky enjoyed almost singular immunity from serious FBI
    pursuit; "Lansky and the Bureau chief in a symbiotic relationship,
    each protecting the other," University of California scholar Peter
    Dale Scott would write of the suborning.
    Classic! I hope this plays out in the final season of Boardwalk Empire.
    According to some historians it was Enoch Thompson (eg, Enoch Johnson) who was instrumental in getting the money shots to Lansky.

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