The Bicycle Casino is incorporating another chapter that is scandalous its notorious story. The Southern California cardroom and hotel outside of la in Bell Gardens was raided by federal officials on Tuesday morning, but law enforcement departments are staying quiet on the information on 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. Two years later, the owners are now allegedly entangled in a federal investigation that is financial.
The raid is being carried down by the US Department of Homeland Security, and its particular 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 stated, 'Because the warrant is under seal, we are not able to comment regarding the range or nature of the investigation.'
However, Fox 11 in Los Angeles says the sting is in reaction to alleged money allegations that are laundering the casino. All gambling has been shutdown as investigators sweep the Bike, since it's affectionately known.
Since 1996, FinCEN has required casinos to file Currency Transaction Reports for just about any customer transacting $10,000 or higher in a day that is single.