Man busted for digging for legendary casino treasure at Binion’s home
Ted Binion’s former ranch manager tries to dig for buried treasure on the land
The Nye County Sheriff’s Office has arrested an individual for following an old tale. 56-year-old Richard Cleaves is convinced that there is buried treasure on the ranch formerly owned by Ted Binion, the casino mogul assassinated 20 years ago, and was willing to do whatever it took to locate the bounty.
Cleaves went to the rural ranch to look for the treasure. As the former manager of the ranch, he knew the ins and outs of the property and is certain that over $7 million in silver is buried on the property. Binion reportedly buried the precious metal somewhere on the ranch and Cleaves is accused of digging holes around the property while looking for the treasure. He is charged with burglary, conspiracy and destruction of property.
In 1988, Binion has found drugged and choked to death at the ranch. He was living with a stripper, Sandra Murphy, and her lover at the time, both of whom were convicted of his murder, as well as theft.
According to the trial details, Murphy’s boyfriend, Rick Tabish, was hired by Binion to build the underground vault that was meant to store the silver. Binion was ultimately forced to consume large amounts of heroin and Xanax and then was suffocated by the pair, causing his demise.
Two days after Binion’s body was discovered, two others were arrested for their involvement. David Mattsen and Michael Milot, along with Tabish, had reportedly excavated the land and retrieved the silver using heavy equipment.
In 2004, the case took a twist when Tabish and Murphy were acquitted of Binion’s murder. However, they were still found guilty of the silver theft in a second trial. Prosecutors have often said that all of the silver has been recovered, but there are those that still believe more treasure is waiting to be found. Unfortunately for Cleaves, he won’t be the one to find it.