It looked to me like they would load up their coin buckets from the trunk of their car,go in the casino,put a few coins in than go and cash in their bucket full of coins.
They were not there to try and win anything just cash in the counterfit tokens he made as fast as they could.
BTW,he was a skilled tool and die maker not a jeweler.
Dick Bregler
···
"kelso1600" <kelso1600@hotmail.com> wrote:
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
--- In vpFREE@yahoogroups.com, misscraps@a... wrote:
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]
--
Dick Bregler PRRT&HS #294..Philly Chapter #1046.....58 years in O Scale...Irvine,Ca.
Semper Fidelis
Richard S.Bregler,Jr.MGySgt USMC Ret.
NON ILLEGITMI CARBORUNDUM "Don't Let The Bastards Grind You Down"!
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