Paul Phua has become free, once the sports case that is betting him has been dismissed. But the opera may not be completely over yet. (Image: davisvanguard.org)
Paul Phua has had a lot of highs and lows over the year that is past from the raid that led to his arrest final summer in vegas to the increasing level of evidence against him deemed become inadmissible in court in recent months.
Today, however, it seems that the businessman that is malaysian poker player has arrived out on top once and for all.
US District Judge Andrew Gordon dismissed the charges against Phua on Monday, ending a nearly year-long court battle over an alleged illegal World Cup sports wagering band that had been being run out of a Caesars Palace villa on the Las Vegas Strip.
Judge Gordon made the decision after prosecutors admitted that their situation was dropping aside due to the volume of evidence that they could not use against Phua in court.
Illegal Search, Doomed Case
Gordon had ruled that evidence seized from three villas being used by Phua and their associates was tainted, since it was the fruit of a search that is illegal before the raid. That search was undertaken after the FBI worked with gaming officials to stop Internet access to the villas, causing the occupants to call for tech support and allowing agents to enter underneath the guise of being repair workers.
Initially, only the evidence gathered from Phua’s prop Continue reading “Case Dismissed: Paul Phua Case Trashed as Vegas Judge Sends Him Packing”
Difficulty in Paradise: The Dynasty that is tinian Hotel Casino, where money-laundering violations had been systematic, according to FinCEN.
A Pacific Island casino has been fined accurate documentation $75 million for breach of anti-money-laundering regulations.
The US Financial Crimes Enforcement Network FinCEN said this week that the Dynasty that is tinian Hotel Casino in the Northern Mariana Islands was guilty of a ‘willful and egregious’ flouting of the Bank Secrecy Act for failing woefully to file thousands of CTR (money deal reports).
The islands are a territory that is unincorporated of United States and consequently liable to abide by its guidelines.
Since the passage for the Money Laundering Control Act 1986 it has been a requirement for all US institutions that are financial file a CTR to FinCEN for almost any currency transaction over $10,000, as a measure to combat money laundering.
The work basically eliminated the ‘right to financial privacy’ by declaring that a financial organization would no longer be held liable for declaring dubious economic transactions to the authorities.
While banks have abided by these laws for the part that is best of 2 decades, FinCEN has recently clamped down in the casino industry, where the relationship between operator and high-rolling client has traditionally been more discreet.
Last year, The Trump Taj Mahal in Atlantic City ended up b Continue reading “Casino Fined Record $75 Million For ‘Willful’ Money Laundering Violations”