Originally Posted by Rob.Singer View Post
Originally Posted by MDawg View Post
Somewhat. If the input of the cash is registered via CTRs or SARs, that defeats money laundering because then the person has to explain where it came from in the first place.
Originally Posted by MDawg View Post
Money laundering is basically converting cash to some form of non-cash. The intent of money laundering is to get cash somehow into the stream of commerce without alerting the government to the cash to other than cash conversion.
Within a casino, merely depositing cash doesn't get you anywhere, so for purposes of a casino, money laundering is converting cash directly (without winning) to a casino check or casino outgoing wire.

Depositing cash and withdrawing cash doesn't really help a money launderer because he ends up with the same problem - how to get the cash into the stream of commerce.
Keep in mind too that casinos do not report table game wins to the government. Only machine wins (if high enough) will be reported via the W-2G. Table wins are recorded via WIN/LOSS statements that aren't attested to under penalty of perjury.

Dan the Dandruff Man's scenario also presumes that the player won. If he did not win, all the cash input in the world isn't going to show any kind of register of winning.

Over all, you need have had some kind of experience with this to understand what will and will not work within the context of casinos. I am not a cash player I play with large credit lines, but I do know how it works for table games.

If someone could get all that cash into slot machines without being recorded (no CTRs, no SARs) at least all of the W-2Gs for the larger payouts would seem like wins.
Are you crazy? Keystone says you're all BS & fairy tales and you don't know what you're talking about compared to him. He's a "big shot" all over town with the "Majors", dontcha' know....and casino credit is his game.

Those who actually play hi limits know where the nonsense comes from.
Come on Rob, you know he’s full of shit. No one is “jealous” of his claims because they are IMPOSSIBLE to be the entire truth.

Sure he’s a high end losing player with his daddy’s money. He’s very similar to Tony Khan, son of Shad Khan. Shad owns the Jags and is a very successful billionaire businessman who has a misfit son. He gave him money to start a wrestling promotion and a job title that no one else has in the NFL to keep him happy. Parents love their kids but also can see which ones have it and which ones don’t.

This fantasy story running years and his constant infatuation with KJ shows he’s got mental issues. And you also know how Vegas works.

I get you like to be controversial but deep down you would bet huge money on him being full of shit about the winning.