INDICTMENT HANDED DOWN IN FRAUD RING THAT HIT AC CASINOS

There were 12 New York residents indicted for stealing almost $300,000 from Atlantic City casinos. The Attorney General’s office announced that the group allegedly used 52 stolen credit cards in five Atlantic City casinos to perpetrate a cash advance scheme that stole $293,600 from banks that guaranteed the transactions. The indictment alleges that over the course several days in May 2011, 10 of the defendants entered the casinos and conducted the cash withdrawals at the Showboat, Tropicana, Caesars, Harrah’s and Bally’s casinos. The defendants could face up to 10 years in jail and a criminal fine of up to $150,000.