Walters was found guilty in 2017 of using stock tips supplied to him by the chairman of a publicly traded company who was indebted to him to make $43 million on carefully timed trades.<\/p>\n
The US Bank Secrecy Act requires that casinos file Currency Transaction Reports (CTR) when someone withdraws or deposits $10,000 or more in a 24-hour period.<\/p>\n
\nThe Financial Crimes Enforcement Network (FinCEN), a department of the US Treasury, includes casinos in its definition of a “financial institution.” FinCEN’s mission “is to safeguard the financial system from illicit use, combat money laundering, and promote national security through the strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence.”<\/p>\n<\/blockquote>\n
The Westgate and Wynn Las Vegas’ CTR filings led to the federal government to indict Oancea.<\/p>\n","protected":false},"excerpt":{"rendered":"
David Oancea, or “Vegas Dave” as he refers to himself, has pleaded guilty in federal court to a single misdemeanor that caused Las Vegas casinos to unknowingly violate record keeping procedures. US District Judge Jennifer Dorsey accepted the plea this week. Oancea will face up to five years’ probation when he’s sentenced in May. He’s […]<\/p>\n","protected":false},"author":25,"featured_media":97467,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,60,16,1074],"tags":[],"acf":[],"yoast_head":"\n
Nevada Judge Accepts 'Vegas Dave' Plea Deal, Avoids Prison<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n