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Alleged West Belco smack ring laundering through the casino

By johnboy - 28 November 2008 44

The Canberra Times has an interesting story on Trong Ruyen Bui (40, of Charnwood with no visible means of support) who was in court yesterday after allegedly being found with 40g of heroin, a hefty chunk of cash and three mobile phones.

If you ever wondered how the casino survives this bit explains it:

    The ACT Magistrates Court heard that police inquiries with the casino found Trong Ruyen Bui, who has no job and receives no welfare payments, had cashed out more then $1.5 million from the gambling venue in the past 12 months $880,000 since August and that Van Gieng Bui, who receives $440 a fortnight from Centrelink, had cashed out $140,000.

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44 Responses to
Alleged West Belco smack ring laundering through the casino
tylersmayhem 10:01 am 28 Nov 08

Not just the casino….pokies in our clubs are used for money laundering also.

Hardly the most efficient or sure way to launder money me-thinks?!

johnboy 9:57 am 28 Nov 08

Sure, will do.

Woody Mann-Caruso 9:55 am 28 Nov 08

If that was going real well I’d expect to see an end to their frantic lobbying for gaming machines and their astonishing resistance to club poker games.

So because they’re lobbying against their competition and trying to increase revenue, they’re not profitable? They’re businesses, and they’re obligated to maximise returns to shareholders. They can’t go “Well, I reckon we’re profitable enough, so let’s just cruise, shall we?”

Might as well claim that the entertainment industry is doing it tough because it wants to close the analogue hole, control playback at the device level, portray ad-skippers as thieves or make fallacious claims that file sharing costs them billions.

willo 9:36 am 28 Nov 08

johnboy said :

Woody Mann-Caruso said :

I thought it was all the people walking in legally, handing over their money legally and losing it in games of chance legally conducted in the house’s favour.

If that was going real well I’d expect to see an end to their frantic lobbying for gaming machines and their astonishing resistance to club poker games.

as the only casino in australia not permitted to have pokies it is no wonder that they are scrambling to get permission for them….as for club poker games …..what are the odds that all resistance would sudddenly dissapear if the cas was allowed pokies??

p1 9:35 am 28 Nov 08

Are we going to lay charges of surviving on the proceeds of crime at the feet of other industries typically targeted by launderers? Clubs? Horse racing? Real estate agents?

Perhaps not surviving on, but every little bit helps.

AG Canberra 9:27 am 28 Nov 08

The good thing about putting your dirty cash through the pokies is that for most payouts there is a paper based record. In the club I worked at all payouts over $30 went on the payout sheets. So even relatively small amounts could be cleaned.

johnboy 9:24 am 28 Nov 08

Woody Mann-Caruso said :

I thought it was all the people walking in legally, handing over their money legally and losing it in games of chance legally conducted in the house’s favour.

If that was going real well I’d expect to see an end to their frantic lobbying for gaming machines and their astonishing resistance to club poker games.

johnboy 9:11 am 28 Nov 08

it’s quicker in the casino though (although more details are taken I grant you)

Woody Mann-Caruso 9:11 am 28 Nov 08

If you ever wondered how the casino survives

I thought it was all the people walking in legally, handing over their money legally and losing it in games of chance legally conducted in the house’s favour. Are we going to lay charges of surviving on the proceeds of crime at the feet of other industries typically targeted by launderers? Clubs? Horse racing? Real estate agents?

willo 9:11 am 28 Nov 08

casino is prob makin naff all out of the deal anyway….these grubs would go in and purchase a shitload of chips….hang around playing a few tables for awhile then cash in and leave…..making there dirty money legitimate…..can’t see them leaving a very high % of there money behind to be honest…….goes on all around australia…..

justbands 9:10 am 28 Nov 08

Not just the casino….pokies in our clubs are used for money laundering also.

tylersmayhem 8:52 am 28 Nov 08

I’m getting the feeling that people expect the casino to be held accountable to a degree. I hope I’m wrong here.

Thumper 8:52 am 28 Nov 08

Indeed…

johnboy 8:45 am 28 Nov 08

There is that which we suspect, and that which we know.

It’s always good when something moves from one to the other.

Thumper 8:43 am 28 Nov 08

Is anyone really surprised?

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