vpFREE2 Forums

Breaking Vegas/counterfeiting

The Breaking Vegas show on the Oxygen Channel is quite interesting. The
counterfeiter was caught because Caesars Palace in Atlantic City eventually did
an inventory and noticed they had over $20,000 in extra $10 Tokens
(apparently at that time they didn't do inventories for long stretches of time, and
this represented the coins that he'd brought in over several trips). A avid
Caesars detective is credited with pursing this lead, even when the manufacturer
of the tokens tested the suspicious tokens and said they were legitimate
(they were that good!). The counterfeiter would probably never been caught, but
when they examined security tapes they noticed someone (him) leaving a
machine with 3 jammed tokens without ever calling over a slot technician. No one
leaves $30 in a machine, not even a high roller, apparently!

Also had the counterfeiter been more patient and put through fewer tokens
each year, he may never have been noticed. He apparently took about $25,000
worth of tokens for each casino in Atlantic city with him, and then ran them
through during 1 trip, and returned several months later - though he did go to
Vegas, Foxwoods, and perhaps other locations.

The show didn't say how much money he made overall. Apparently his initial
cost for machines was around $100,000, but he paid a helper, and presumably
had to pay for metal and perhaps other costs as he went along. Still he
probably netted at least 1 million in profit. The documentary also didn't say how
much money he had to return to the casinos when he was caught.

As usual in a scheme such as this, the perpetrator is usually caught by
being too greedy.

[Non-text portions of this message have been removed]

It may be a little early for me but if Caesars had an extra $20000
in counterfeit tokens, wouldn't his profit have been less than
$20000 unless he hit a jackpot. Since I gather he was playing
slots, he was playing a negative machine which also added to the
loss as well over the long run.

Or is it just too early for me?

Gary

The Breaking Vegas show on the Oxygen Channel is quite

interesting. The

counterfeiter was caught because Caesars Palace in Atlantic City

eventually did

an inventory and noticed they had over $20,000 in extra $10

Tokens

(apparently at that time they didn't do inventories for long

stretches of time, and

this represented the coins that he'd brought in over several

trips). A avid

Caesars detective is credited with pursing this lead, even when

the manufacturer

of the tokens tested the suspicious tokens and said they were

legitimate

(they were that good!). The counterfeiter would probably never

been caught, but

when they examined security tapes they noticed someone (him)

leaving a

machine with 3 jammed tokens without ever calling over a slot

technician. No one

leaves $30 in a machine, not even a high roller, apparently!

Also had the counterfeiter been more patient and put through fewer

tokens

each year, he may never have been noticed. He apparently took

about $25,000

worth of tokens for each casino in Atlantic city with him, and

then ran them

through during 1 trip, and returned several months later - though

he did go to

Vegas, Foxwoods, and perhaps other locations.

The show didn't say how much money he made overall. Apparently

his initial

cost for machines was around $100,000, but he paid a helper, and

presumably

had to pay for metal and perhaps other costs as he went along.

Still he

probably netted at least 1 million in profit. The documentary

also didn't say how

much money he had to return to the casinos when he was caught.

As usual in a scheme such as this, the perpetrator is usually

caught by

ยทยทยท

--- In vpFREE@yahoogroups.com, misscraps@a... wrote:

being too greedy.

[Non-text portions of this message have been removed]