Casino-boat operators who fleeced Oakwood bank guilty of tax fraud
Operators of gambling ships that siphoned off more than $40 million of funds embezzled from the former Oakwood Deposit Bank Co. in Paulding County have been convicted of tax fraud in federal court in Florence, S.C.
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- The money’s for nothing when the winner’s fleeced
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Interesting gambling facts:
- Many casinos in Nevada were financed by mobsters. Most notable perhaps was Las Vegas' Flamingo which was opened in 1947 by Bugsy Siegel.
- The major differences between regular poker and video poker is that you are playing against a machine rather than real people, and your goal is to achieve particular hands rather than beat opponents hands.
- The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."
- As early as 1420, lotteries were used in Europe for public works. High-value commodities such as land and art were often sold through lotteries.
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