{"id":3126,"date":"2013-03-29T15:11:47","date_gmt":"2013-03-29T15:11:47","guid":{"rendered":"https:\/\/forumarchives.tmsites.net\/index.php\/2013\/03\/29\/strip-casinos-used-as-chinese-laundries\/"},"modified":"2013-03-29T15:11:47","modified_gmt":"2013-03-29T15:11:47","slug":"strip-casinos-used-as-chinese-laundries","status":"publish","type":"post","link":"https:\/\/forumarchives.tmsites.net\/index.php\/2013\/03\/29\/strip-casinos-used-as-chinese-laundries\/","title":{"rendered":"Strip Casinos Used as Chinese Laundries"},"content":{"rendered":"<p><!-- Original Post Content --><br \/>\nStrip Casinos Used as Chinese Laundries: According to ongoing reports by online global biz-news outlet Quartz (@qz), high-limit slot machines at Bellagio (and, to a lesser extent, Wynn Las Vegas) may have been used to launder a significant part of the missing monies (now estimated at close to $700 million) raised in a 2005 IPO by former blue chip company and Nasdaq listee China Medical Technologies&#8211;money that has since &quot;disappeared.&quot; According to a late-December 2012 filing with the New York Southern District Bankruptcy Court, Hong-Kong-based liquidation firm Borrelli Walsh alleges that hundreds of millions of dollars raised by China Medical were &quot;funneled to Wu [Xiaodong, its CEO] and his associates, including [Jenny] Bi [Xiaoqiong, his wife]&quot;, who from 2008 to 2012 put some $62 million through slot machines at Bellagio. The two casinos named are not suspected of having been witting accomplices in any money-laundering plot, nor of having violated any financial-transaction reporting requirements<\/p>\n<p>\tfrom las vegas advisor www.lasvegasadvisor.com<\/p>\n<hr>\n<h3>Replies:<\/h3>\n<p>No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strip Casinos Used as Chinese Laundries: According to ongoing reports by online global biz-news outlet Quartz (@qz), high-limit slot machines at Bellagio (and, to a lesser extent, Wynn Las Vegas) may have been used to launder a significant part of&#8230;<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-3126","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/3126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=3126"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/3126\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=3126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=3126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=3126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}