Casino Fraud IV

Another type of casino fraud is credit fraud.  This occurs when a customer opens a credit line, draws against the credit line and draw against the credit line and repay their creidt diligently.  The main purpose of this, however, is to increase the credit line.  Then, the person will take one last game at the casino and draw out all of their credit and walk out with the chips.  The chips will be given to a third person to cash them for the fraudster and never pay the final credit line. 

Credit to Fraud Magazine and Amy Logan

NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE.  IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.

                                             

Have a great and fraud-free day.

 

http://www.tauskvega.com

 

----------à>>>>>>>>>>>>>>>gene tausk

Casino Fraud III

One of the basic forms of casino fraud is counterfeiting.  Customers try to pass counterfeit currency to employees who are working in low-light and high-pressure situations.  The employees may not have time to properly check the money.  Employees of casinos do receive training on how to handle and detect counterfeit currency, but during the harsh hours and working conditions of casinos, it is easier to front counterfeit currency.

NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE.  IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.

                                             

Have a great and fraud-free day.

 

http://www.tauskvega.com

 

----------à>>>>>>>>>>>>>>>gene tausk

Casino Fraud II

One of the more common types of fraud for casinos is comp fraud.

Comp fraud occurs when employees misuse authoired complimentary transactions for their personal gain. 

For example - if two people are having dinner and one person has a complimentary sevice voucher (comp) and the other is paying in cash.  The party with the comp pays $100 at dinner while the party paying cash pays $300.  A restaurant employee switches the two transactions by closing the cash check with the comp and pockets the $200.00.

More later.

Credit to Robert Randolph Jr. and Fraud magazine.

NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE.  IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.

 

Have a great and fraud-free day.

 

http://www.tauskvega.com

 

----------à>>>>>>>>>>>>>>>gene tausk

Casino Fraud I

We will spend the next few posts talking about casino fraud.  It may be hard to feel sorry for casinos, but any industry, including the gambling industry, can suffer from fraud and white-collar crime.

Some of the fraud experienced by casinos will be familiar to everyone and applies to all industries.

NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE.  IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.

 

Have a great and fraud-free day.

 

http://www.tauskvega.com

 

----------à>>>>>>>>>>>>>>>gene tausk