$1 Million Baccarat Con in South Korea
Filed in archive Casinos by jo on January 11, 2005
Gambling Fraud Ring BustedIt took 8 people and 2 days to con 2 baccarat players out of $1million in a South Korean Casino
The con was simple
The team hired a baccarat table from a 'foreigner-only' casino on Cheju Island and recreated a realistic setting - wearing official casino uniforms, using regular casino chips - and essentially lavishly laying on the entire casino experience.
A set of pre-arranged
playing cards were used as accomplices joined the game and urged the 2 players to place larger bets - in 5 hours, they lost $900,000.
The 'casino' lent the players more money by providing bounced checks.
The fraud came to a sticky end when the gang tried to collect the money.
But the rest of the scam sounded so simple - it makes you wonder if there was any control in the casino in the first place.
The con was simple
The team hired a baccarat table from a 'foreigner-only' casino on Cheju Island and recreated a realistic setting - wearing official casino uniforms, using regular casino chips - and essentially lavishly laying on the entire casino experience.
A set of pre-arranged
playing cards were used as accomplices joined the game and urged the 2 players to place larger bets - in 5 hours, they lost $900,000.The 'casino' lent the players more money by providing bounced checks.
The fraud came to a sticky end when the gang tried to collect the money.
But the rest of the scam sounded so simple - it makes you wonder if there was any control in the casino in the first place.
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Mr Wong
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