Part IV: Financial Fraud · Internal Collusion & Employee Fraud · #8.26
Fraudulent casino marker applications
How it works
Casino credit department employees can facilitate fraudulent credit applications by: approving applications with false or inflated financial information; overriding credit limits without proper authorization; failing to verify bank account balances or income; processing applications for known fraudulent identities; accepting bribes to approve unqualified applicants; and manipulating credit records to hide delinquencies. In a major federal case, Vivian Wang and Frank Luo used false identities (names and Social Security numbers of migrant workers) to apply for casino markers across the country. They first repaid several markers on time so they would look creditworthy. They then arranged play so one person appeared to lose while another gained the same amount. In other instances, one passed chips to the other so the chips looked spent. Prosecutors said the scheme caused over $1.2 million in losses to casinos and credit-card companies. A judgment later set restitution at $1,124,085.53.
Where it appears
Casino credit department, marker issuance, VIP services
On the record
From August 2008 to August 2014, Vivian Wang and Frank Luo took part in a scheme prosecutors said caused over $1.2 million in losses to casinos and credit-card companies from fraudulent marker applications using stolen identities. Wang was sentenced to 2 years in prison; Luo received 3 years. Both were ordered to pay restitution.
Detection & preventionADVISORY
The paid halfHow a monitoring room catches fraudulent casino marker applications, and what stops it recurring, written for the desk, not the reader.
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Published as a detection reference for surveillance, compliance and gaming-operations professionals. Thresholds and tuning are set by the property. Nothing here is instruction: the method is described so it can be recognised.