The Bicycle Casino is incorporating another chapter that is scandalous its notorious story. The Southern California cardroom and hotel outside of Los Angeles in Bell Gardens was raided by federal officials on Tuesday early morning, but law enforcement departments are staying peaceful on the details of the procedure.
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. 2 yrs later, the owners are now 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 range or nature of the investigation.’
But, Fox 11 in l . a . says the sting is in reaction to alleged money allegations that are laundering the casino. All gambling happens to be shutdown as investigators sweep the Bike, since it’s affectionately known.
Since 1996, FinCEN has required gambling enterprises to file Currency Transaction Reports for any customer transacting $10,000 or more in a day that is single.