The Bicycle Casino is including 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 peaceful 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. 2 yrs later, the owners are now actually allegedly entangled in a federal investigation that is financial.
The raid has been carried away by the usa Department of Homeland Security, and its Immigration and Customs Enforcement (ICE). According to media that are local, the US Attorney’s Office, IRS, Ca Bureau of Gambling Control, and the Financial Crimes Enforcement Network (FinCEN) are also involved.
ICE spokeswoman Virginia Kice said, ‘Because the warrant is under seal, we aren’t able to comment on the scope or nature of the investigation.’
Nonetheless, Fox 11 in Los Angeles 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, as it’s affectionately known.
Since 1996, FinCEN has required gambling enterprises to file Currency Transaction Reports for any customer transacting $10,000 or maybe more in a day that is single.