The U.S.’ FBI has captured 11 people believed to be part of the group of 21 other who have in the past several days been in a money-laundering scheme.
According to investigations by the FBI, the launderers used modern devices called ‘card skimming’ that enabled them to insert ATM cards into automated machines thus walking away with clients’ millions of dollars.
The money that was garnered through those cunning means was passed through gaming facilities across the U.S. with much activity done in Las Vegas.
Money laundering has dominated major news websites across the globe in the past 12 months, with the biggest case being a cyber heist involving $81 million in the Philippines.
Although some of the cash that was laundered was found, a big number of it went missing.
At least $4.63 million that was returned in April 2016 can be confirmed.
Although the scheme may not be exactly known, it is thought that the criminals got into the purses and pockets, where they got ATM machines. After getting the machines from their prey, they would attach a skimming device thus retrieving debit information.
With that information, they would then withdraw all the money in someone’s account, which they will purchase cash cards that are prepaid and finally launder money.
When casino operators strive to attract gamblers by ensuring that their gaming resorts are up to date, criminals were also busy making real money online casino gambling sites.
They made sure that the money is funneled through Las Vegas Strip casinos and other gaming resorts across the U.S. So far, FBI says there are a total of 21 people who have been named to be involved in the dirty business and are said to have stolen an upward of about $6 million.
An in-depth intelligence report by the FBI shows that $2.6 million of the stolen money was withdrawn by the criminals at MGM Resorts facilities in Las Vegas.
Security agencies across the U.S. have been alerted that the rest of the criminals still remain a threat to national security and the economy at large.
For many years, gaming facilities have proved conducive environment for ‘black transactions’. Nonetheless, in recent years, authorities have tightened laws, which have made it difficult for money-laundering criminals to do their business for long.
The U.S. government asked gaming floors to conduct a thorough supervision of the flow of the money within their facilities, something that has helped in the apprehending of anyone who attempts to launder money.
A Currency Transaction Report, which shows the name of an individual that, transacts over $10, 000 or even more in a day has helped in the curbing of such criminals.
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