The Bicycle Casino is including 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 morning, but law enforcement divisions are remaining quiet on the details of 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. Couple of years later, the owners are now allegedly entangled in a federal financial investigation.
The raid has been carried down by the US Department of Homeland Security, and its Immigration and Customs Enforcement (ICE). According to media that are local, the united states Attorney’s Office, IRS, California 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 are not able to comment in the nature or scope of the investigation.’
Nonetheless, Fox 11 in l . a . says the sting is in response to alleged money laundering allegations at 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 higher in a day.