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US Casinos Failing to Police Funds Transfers from Foreign Affiliates: Sources
By Valentina Pasquali
printCourted as a patron by the glitziest casinos in Las Vegas, Chinese-Mexican drug manufacturer Zhenli Ye Gon favored the gondola-dotted Venetian on the Strip, where over a 2-year period he deposited some $60 million via wires and cashier’s checks. At least $1.5 million of those wire transfers transited from casas de cambio in Mexico to the Venetian’s affiliate in Hong Kong, which ultimately credited the funds for play in Las Vegas. But a raid of Ye Gon’s home in Mexico City in March 2007 unearthed more than $200 million in cash, leading to his arrest for importing methamphetamine precursor chemicals...
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