Gambled and lost: Normandie Casino ordered to pay millions after hiding high-roller winnings.
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| Normandie Casino in Gardena (Marcus Yam / Los Angeles Times) |
Joseph Serna
The operators of one of Southern California’s oldest casinos have been ordered to pay a $1-million fine and turn over another $1.4 million it failed to report through transactions to the government, federal prosecutors announced Wednesday.
In January, the Normandie Casino in Gardena pleaded guilty to violating the Bank Secrecy Act by shielding several high rollers from federal reporting requirements.
The casino failed to properly record and report a series of large-scale cash transactions in 2013, according to documents. In one six-week period that year, a single high roller won more than $1 million from another gambler, and the casino conspired to shield the high-roller’s identity, according to the documents.
“This sentence demonstrates the government’s ability to enforce the anti-money laundering laws used to ensure that certain high-rollers do not remain below the radar,” Anthony J. Orlando, acting special agent in charge for the IRS’ criminal investigations, said in a statement. “In partnership with the U.S. Attorney’s Office, [the agency] will continue to protect the United States financial system through the investigation and prosecution of individuals and organizations that attempt to launder their criminally derived proceeds.”
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