{"id":45148,"date":"2024-09-10T15:38:54","date_gmt":"2024-09-10T15:38:54","guid":{"rendered":"https:\/\/casinoapps.com\/?p=45148"},"modified":"2024-09-10T15:38:54","modified_gmt":"2024-09-10T15:38:54","slug":"wynn-resorts-forfeits-130m-in-funds-to-settle-doj-investigation","status":"publish","type":"post","link":"https:\/\/casinoapps.com\/2024\/09\/10\/wynn-resorts-forfeits-130m-in-funds-to-settle-doj-investigation\/","title":{"rendered":"Wynn Resorts Forfeits $130M in Funds to Settle DOJ Investigation"},"content":{"rendered":"
Wynn Las Vegas, the Las Vegas casino and subsidiary of Wynn Resorts, agreed Monday to forfeit $130,131,645 to settle criminal allegations that it conspired with unlicensed money transmitting businesses worldwide to transfer funds for the financial benefit of the casino.<\/p>\n
Wynn Resorts’ settlement is potentially the largest forfeiture by a casino based on admissions of criminal wrongdoing<\/h2>\n
The settlement is believed to be the largest forfeiture by a casino based on admissions of criminal wrongdoing.<\/p>\n
\u201cCasinos, like all businesses, will be held to account when they allow customers to evade U.S. laws for the sake of profit,\u201d said U.S. Attorney Tara McGrath.<\/p>\n
\u201cFederal oversight seeks to prevent illegal funds from tainting legitimate businesses, ensuring that casinos offer a clean, thriving, and safe entertainment option.\u201d<\/p>\n
A Non-Prosecution Agreement allows a company or individual to avoid criminal prosecution in exchange for meeting certain criteria. Under the agreement, Wynn Las Vegas (WLV) admitted that it illegally used unregistered money transmitting businesses to circumvent the system.<\/p>\n