Five New York City residents accused of stealing $1 million from Atlantic City casinos
By Bob Garcia
The quintet of crooks passed bad checks at five different casinos and only one is in custody
Through a fake check scheme, five New York City residents are being charged with illegally appropriating more than $1.1 million from casinos. According to what has been reported so far, the suspects were allegedly able to cheat the system by converting fake bank checks for gambling chips at five different casinos between August 26 and 28.
The Attorney General’s Office said three of the casinos, Borgata, Caesars, and Ocean, reported losses of more than $280,000 each as they fell victim to the scheme. On the other hand, losses of nearly $135,000 were reported at each of the Hard Rock and Golden Nugget casinos. “The defendants were caught executing a sophisticated financial scheme spanning multiple casinos and over a million dollars in fraudulent checks,” Acting Attorney General Andrew Bruck alleged Thursday in announcing charges in the case.
According to the statement, the suspects apparently presented each casino with two counterfeit checks, one for $134,000 and another for $150,000. The checks apparently came from Bank of America and TD Bank. Hard Rock was not as affected by this scheme compared to the other casinos as it denied a check for $150,000, while the Golden Nugget also put up a bit of defense in its losses after telling a suspect that he could only receive incremental amounts on a $134,000 check.
A few days ago, Qingtao Zhang, one of the suspects, was arrested in Amsterdam, while Xiuhuan Zhang, Shuai Liu, Peng Cai, and Sen Ge are still being sought by the relevant authorities. According to the prosecutor’s office, more people are still being investigated in connection with the case. A formal indictment charges the suspects with conspiracy, robbery by deception, and attempted robbery by deception. At the moment, only the indictments stand, as no one has been convicted in the case.