Friday, August 7, 2020

U.S. alleges RICO Fraud at Saipan Casino

U.S. prosecutors indicted three Chinese, Liwen Wu, Jianmin Xu, and Yan Shi. They were employed building the massive gaming resort in Saipan, a remote U.S. territory in the middle of the Pacific. With visa fraud for Chinese construction workers, prosecutors allege a huge money laundering operation. Saipan was one of the highest-grossing casinos in the world in 2015 despite being half finished.
Betting volumes declined precipitously and the casino is in dire straits. It is expected to shutter.Controlled by Chinese businesswoman Cui Lijie, state owned Imperial Pacific International Holdings Ltd. relied on former directors of the FBI and CIA, as well as the former governors of New York and Pennsylvania as directors or advisers.