Mr J said:
you dont know what you are talking about bro.
There is nothing you can do with online books and ensure that if some snoopy person wanted to find out what you were doing they, wouldnt catch you.
You have to be so naive about electronic communication in this day an age and assume that your online activities are annonymous..
(federal prisons are full of people who were mostly caught by simply tracking their electronic transactions of one kind or other)
There is no way you can transfer money to and from offshores without leaving a trail that is traceable back to you.
A pro gambler would be stupid to engage in actions to go around this problem losing tons of money in fees he would incur for whatever method he would choose to use to do this.
Santo said:You're assuming the Pro Gambler is american, rather than living in a country with a sensible legal system
if we are making comparisons between people in las vegas and those doing it overseas, its fair to assume that we are talking about an overwhelming majority of americans.. las vegas is in america afterall
foreignlegion said:
Was in the business for almost 20 years in Vegas genius
Why don't you go dig up some more big sccops okie dokie
http://forum.therx.com/showthread.php?t=426457&page=2
mvbski said:Was in the business for almost 20 years in Vegas genius
Why don't you go dig up some more big sccops okie dokie
http://forum.therx.com/showthread.php?t=426457&page=2
the story you are quoting me on was dead on accurate...Unless you are stupid enough to believe that bullshit lie about that storms..
and i dont care about how many years you were in the business. You would have to have been the biggest retard in the world if you spent 20 years in the business and never figured out how to keep 10k off the books..
i mean you would really have to be a stupid mothefvcker never to figure out some shit like that for 20 friggin years....
worst of all this is a topic about "runners". Even some inbred unschooled retard could put two and two together and figure this out..
but this gonad sucking ignoramus is getting on my case because he too stupid to use simple logic to solve his problems
:bigfinger
mvbski said:Please point out where I said it can't be donehno:
Do you know what happens if you get cuaght or they suspect you of doing it genuis.
do you fucking know what happens if you get caught by uncle sam moving your money genius?
Are you still blowing your own gonads so that there is no blood flowing to your brain any more?
Is the topic topic here still that confusing to you?
You have got to be the only clown who spent 20 years in las vegas that doesnt even know what the fvck runners are used for.
And furthermore, you are obviously some clown who simply pretends to be some big shot gambler for no reason. I have been to las vegas and cashed out over 10k on more than one occasion.
this moron wants you to believe that there is some dude sitting around waiting to jump you as soon as you hit 10k!!!
what a croak!!!! this is the best way you can tell wannabes from people who actually do this shit for real instead of sitting behind a computer screen with their imaginery millions and big time vegas history!!!
bugger off already a$$hole.. your stupidity on the subject has been
fully exposed.
I am sick and tired of bandying words back and forth with some moron so stupid he cant figure out that you cant get caught for shit if you are using a runner.
Its the runner who gets caught you friggin idiot...Thats the whole point in using runners.
Now run off and wank on your bullshit dreams about vegas and pro gambling!!!!
jeez....the morons on this forum can come at you thick as rocks!!!
fully exposed.
I am sick and tired of bandying words back and forth with some moron so stupid he cant figure out that you cant get caught for shit if you are using a runner.
Its the runner who gets caught you friggin idiot...Thats the whole point in using runners.
Now run off and wank on your bullshit dreams about vegas and pro gambling!!!!
jeez....the morons on this forum can come at you thick as rocks!!!
My question about professional sports bettors in Vegas may have been misunderstood. To me (my defination only here): A professional would be paying whatever taxes due the government. The stress of picking winners should not be complicated by trying to figure out how to avoid this. It's legal there.
As for using a "runner"; I admit my lack of knowledge about this. But, am assumming they don't work for FREE. Again, I wasn't thinking along the lines of avoiding taxes.
As for using a "runner"; I admit my lack of knowledge about this. But, am assumming they don't work for FREE. Again, I wasn't thinking along the lines of avoiding taxes.
Whoson1st said:
Paid? Usually a free-roll on a % of the winnings at the end of a season... And if you are ambitious and messing with their numbers they will probably scalp you down to 0 anyways. Hard work for not a lot of money to be honest, and yes, there are still plenty of them in vegas.
Whoson1st said:
Lets be realistic here, you cant put such naive parameters on what can and cant be considered a professional sports bettor. 99% of sports bettors in las vegas dont pay a dime to uncle sam. Seriously, i have been there a whole lot of times, never in my life have i stood in line to cash out a ticket and heard even one person asking for any of those forms to report his taxes. Thats about as naive as asking how many service industry people are in las vegas and limiting your estimates to only those who report their tips.
My response is that there are way over 12. Infact they must be in the hundreds. Some may be large enough to use runners, others may be complete old school bettors who seek to do nothing but beat the line and shop around themselves. And the price of using runners is way less than the price one would have to pay in taxes if they were a big enough bettor..(even a dime player can afford a runner in a city where you can find a job standing on the streetside all day screaming and yelling about the latest escort service and shoving hooker flyers into the hands of newly wedded men walking down the strip with their wives)
The topic was simply hijacked by an ignoramus pretending to be some las vegas pro yes exposing his stupidity on the topic my asking the dumbest question i have ever heard any 20 year vet of the city asking.
One other simple way of determining who is paying their taxes on their wagers is watching for people who ask for copies of their tickets. I have never ever heard even one person ask for these copies on any single trip to las vegas. Not even one. Matter of fact when i ask for a copy the clerk normally raises an eye brow while getting me the print out.. (yes i always get my copies for tax purposes)
foreignlegion said:
Once again please point out where I ever mentioned taxes
I stated how customers don't like showing ID on transactions over 10,000 which you said they don't have to which shows your lack of knowledge about the laws.
It is up to the casino to report this not the customer and failure to do so results in fines and posibble loss of their license.
Your complete lack of knowledge on how a sportsbook,casino etc in NV operates is comical at best.
February 25, 2003
Mirage facing reporting penalty
By Launce Rake
[SIZE=-2]LAS VEGAS SUN[/SIZE]
The Mirage faces a hefty fine because of a failure to file required financial information with federal and state authorities.
Company spokesman Alan Feldman said Monday that the Strip casino failed to file "months worth" of currency transaction reports, and that the casino deals with hundreds of the reports each month.
Federal and state law requires Nevada casinos to file currency transaction reports, commonly called CTRs, every time a player has a cash transaction of $10,000 or more.
The casino collected the information but simply failed to mail the reports, Feldman said.
Feldman said "several" employees have been fired as a result of the transgressions, but he declined to identify the individuals or their titles. He also declined to specify how many people lost their jobs.
Feldman said MGM MIRAGE, the casino's parent company, is cooperating with federal and state gaming regulators. Feldman said he is confident that the company will stave off most of the potential fines, and local experts agreed with that assessment.
The federal civil penalty for failing to file CTRs with the Internal Revenue Service is up to $100,000 per violation.
The state can also levy a $25,000 fine for each violation, said state Gaming Control Board Chairman Dennis Neilander. Federal criminal penalties can be $250,000 per violation and a five-year jail sentence.
Feldman said the criminal penalties should not apply in this situation.
"I'm relatively confident that all of this would be taken as a group as they consider the appropriate response," he said. "I am also absolutely certain that there will be a fine.
"If you were to take each of these individually, I'm sure it adds up to an astonishing amount of money," he said, but said the problem was "the same mistake repeated over and over again.
"Last but not least, there appears to have at no time been any kind of criminal intent."
Feldman called the matter an "administrative" one.
"We had a serious situation develop, one which is an administrative issue but nonetheless is serious," he said. "For reasons we still haven't gotten to the bottom of, they weren't being sent in. They just weren't being put in the mail.
"It is just mind-boggling. It is almost inexplicable, but nonetheless it happened. We're working with gaming right now to make sure they are satisfied, that the reports now are filed properly.
"We're still trying to get to the bottom of it."
Both Feldman and Neilander, saying the issue is still under investigation, declined to discuss the failure to file the reports in detail, including the length of the time that the reports were not being filed and how many reports ultimately were not submitted.
Neilander said he expects the state investigation to conclude within two weeks.
The company voluntarily reported the problem to the Gaming Control Board earlier this month, Neilander said. The company's alert followed a notice from the state agency that an audit of compliance with federal and state rules was coming, he said.
The Mirage was the only casino in the company that had the problem, Feldman said. MGM MIRAGE also owns the Bellagio, Treasure Island, the Golden Nugget, the MGM Grand, New York-New York, the Boardwalk, and 50 percent of the Monte Carlo in Las Vegas.
The CTR system is designed to alert federal authorities to potential violations involving money laundering or income tax evasion.
The state used to receive the reports and pass them on to the federal government until the system was reformed in 1997, Neilander said.
Since then, the federal Treasury Department, parent of the IRS, has received the reports -- dubbed Form 8362s in bureaucratic shorthand -- so state gaming control officials would not immediately be aware of the problem when the reports stopped coming, Neilander said.
Bill Brunson, spokesman for the IRS's regional offices in Phoenix, declined comment on the issue. He said his agency cannot reveal details of an investigation into tax filings.
University of Nevada, Las Vegas professor and gaming expert Bill Thompson said somebody, somewhere should have realized that something was amiss before the audit was announced.
"It seems to me that they are in a lot of trouble it if went beyond a month," Thompson said. "There should be a red flag when thousands of these reports don't come in."
He said that the failure to account for the reports, in a worst-case scenario, would threaten the state's autonomy to regulate the financial side of the casino industry.
"We are allowed to do it because we do not want IRS people on our gaming floors," Thompson said. "We do not want them snooping into tips, putting their eyes over our shoulders.
"If we have too many of these things, the IRS could say, 'hey, that agreement we have, we're going to throw that out.' It would be bad for our philosophy of states' rights."
The number of cases similar to the one now under investigation appears to be limited. Neilander said he has not had a similar case during his tenure on the gaming board, which began in 1998.
Thompson said the last case he recalls was in 1993, when Binion's Horseshoe was cited by state regulators for failure to file the reports. The gaming control board ultimately determined that the Horseshoe failed to file the reports but did not have any criminal intent.
The Horseshoe was fined $1 million.
The Horseshoe was fined for violations that occured in the sportsbook.
hno: So far you have been a fountain of misinformation in this thread just like your " BREAKING facking NEWS!!!! Online accounts for many no longer available " thread.
Keep up the good work
mvbski said:Once again please point out where I ever mentioned taxes
Here you go off again proving your immense stupidity. I did no say any where that you mentioned taxes and my response was direct to the person who asked the question and not to your dumbass.
But you are the typical internet loser moron who thinks that the world revolves around them and as such has ground into a paranoid little freak that thinks everything posted on the forums is directed at them.
mvbski said:Once again please point out where I ever mentioned taxes
I stated how customers don't like showing ID on transactions over 10,000 which you said they don't have to which shows your lack of knowledge about the laws.
It is up to the casino to report this not the customer and failure to do so results in fines and posibble loss of their license.
Your complete lack of knowledge on how a sportsbook,casino etc in NV operates is comical at best.
February 25, 2003
Mirage facing reporting penalty
By Launce Rake
LAS VEGAS SUN
The Mirage faces a hefty fine because of a failure to file required financial information with federal and state authorities.
Company spokesman Alan Feldman said Monday that the Strip casino failed to file "months worth" of currency transaction reports, and that the casino deals with hundreds of the reports each month.
Federal and state law requires Nevada casinos to file currency transaction reports, commonly called CTRs, every time a player has a cash transaction of $10,000 or more.
The casino collected the information but simply failed to mail the reports, Feldman said.
Feldman said "several" employees have been fired as a result of the transgressions, but he declined to identify the individuals or their titles. He also declined to specify how many people lost their jobs.
Feldman said MGM MIRAGE, the casino's parent company, is cooperating with federal and state gaming regulators. Feldman said he is confident that the company will stave off most of the potential fines, and local experts agreed with that assessment.
The federal civil penalty for failing to file CTRs with the Internal Revenue Service is up to $100,000 per violation.
The state can also levy a $25,000 fine for each violation, said state Gaming Control Board Chairman Dennis Neilander. Federal criminal penalties can be $250,000 per violation and a five-year jail sentence.
Feldman said the criminal penalties should not apply in this situation.
"I'm relatively confident that all of this would be taken as a group as they consider the appropriate response," he said. "I am also absolutely certain that there will be a fine.
"If you were to take each of these individually, I'm sure it adds up to an astonishing amount of money," he said, but said the problem was "the same mistake repeated over and over again.
"Last but not least, there appears to have at no time been any kind of criminal intent."
Feldman called the matter an "administrative" one.
"We had a serious situation develop, one which is an administrative issue but nonetheless is serious," he said. "For reasons we still haven't gotten to the bottom of, they weren't being sent in. They just weren't being put in the mail.
"It is just mind-boggling. It is almost inexplicable, but nonetheless it happened. We're working with gaming right now to make sure they are satisfied, that the reports now are filed properly.
"We're still trying to get to the bottom of it."
Both Feldman and Neilander, saying the issue is still under investigation, declined to discuss the failure to file the reports in detail, including the length of the time that the reports were not being filed and how many reports ultimately were not submitted.
Neilander said he expects the state investigation to conclude within two weeks.
The company voluntarily reported the problem to the Gaming Control Board earlier this month, Neilander said. The company's alert followed a notice from the state agency that an audit of compliance with federal and state rules was coming, he said.
The Mirage was the only casino in the company that had the problem, Feldman said. MGM MIRAGE also owns the Bellagio, Treasure Island, the Golden Nugget, the MGM Grand, New York-New York, the Boardwalk, and 50 percent of the Monte Carlo in Las Vegas.
The CTR system is designed to alert federal authorities to potential violations involving money laundering or income tax evasion.
The state used to receive the reports and pass them on to the federal government until the system was reformed in 1997, Neilander said.
Since then, the federal Treasury Department, parent of the IRS, has received the reports -- dubbed Form 8362s in bureaucratic shorthand -- so state gaming control officials would not immediately be aware of the problem when the reports stopped coming, Neilander said.
Bill Brunson, spokesman for the IRS's regional offices in Phoenix, declined comment on the issue. He said his agency cannot reveal details of an investigation into tax filings.
University of Nevada, Las Vegas professor and gaming expert Bill Thompson said somebody, somewhere should have realized that something was amiss before the audit was announced.
"It seems to me that they are in a lot of trouble it if went beyond a month," Thompson said. "There should be a red flag when thousands of these reports don't come in."
He said that the failure to account for the reports, in a worst-case scenario, would threaten the state's autonomy to regulate the financial side of the casino industry.
"We are allowed to do it because we do not want IRS people on our gaming floors," Thompson said. "We do not want them snooping into tips, putting their eyes over our shoulders.
"If we have too many of these things, the IRS could say, 'hey, that agreement we have, we're going to throw that out.' It would be bad for our philosophy of states' rights."
The number of cases similar to the one now under investigation appears to be limited. Neilander said he has not had a similar case during his tenure on the gaming board, which began in 1998.
Thompson said the last case he recalls was in 1993, when Binion's Horseshoe was cited by state regulators for failure to file the reports. The gaming control board ultimately determined that the Horseshoe failed to file the reports but did not have any criminal intent.
The Horseshoe was fined $1 million.
The Horseshoe was fined for violations that occured in the sportsbook.
So far you have been a fountain of misinformation in this thread just like your " BREAKING facking NEWS!!!! Online accounts for many no longer available " thread.
Keep up the good work
Let me break off your lies one by one...First of all you did not state anywhere that customers do not like to show id for transactions over 10k...No where in this entire thread is such a statement..
Matter of fact i am the one who specifically states that pro gamblers would use vegas books and runners specifically because it gives them privacy... To which you responded like a moron you are with this stupid question apparently coming from a person who spent 20 whole years in the business and ever figured out ways to get round this 10k problem.
That question implies that you dont understand what the hell a runner can be used for most importantly tells those who have cashed out 10k plus that you are an idiot who is lying through his teeth to make himself seem knowledgeable.
Worse yet you go off writing this bonehead report giving us information that is actually not in dispute any where on this forum. You will not find a single quote from me disputing any of the information posted that you claim vindicates you. No man, the articles you posted only go to further show what an idiot you are when it comes to the topic being debated.
Worse yet for a person who boasts 20 years experience to even post the bogus arguments you make in a thread about runners no less exposes you for the wannabe big timer...
Many casinos in las vegas will pay you in chips if you request it. If they do so, then they dont have to fill out these reports. Any clown who apparently has been in las vegas would know this. Matter of fact i know managers who actively offer you chips in place of cash so as not to bother with this mess.
Secondly, this topic is about runners and their use in todays industry. If some one wants to cash out a 10k or more bet he can simply use runners by having them put various amounts on the same line in different casinos. Its the whole point of using runners you friggin idiot.
For example the runner can put 8k at one place and 8k at another casino if they have the same lines. Many sensible people on this forum pretty much figured this out on their own. But this dumbass.idiot apparently needs everything spelled out for him.
-No where in my posts do i say people dont have to show Id if they win 10k. All my posts hint of methods used to get round this problem but you have to be the stupidest poster on here who failed to see this.
Keep on going bozo, with the shit you post i am sure every one believes your tales of a 20 year las vegas history but being the only baffoon who couldnt figure out how to get round such rules.
wildemu said:Looks like your making lots of friends here foreign. Keep up the friendly attitude.
"But you are the typical internet loser moron who thinks that the world revolves around them."
You should eat your own words.
bitch you think i came here to make friends with your pathetic loser ass..
let me put it this way you friggin sissy, i dont give a rats ass about you, i dont even hate you like you hate me.
you are nothing but a pathetic low life prick behind a computer screen (who loses his arse and then turns around and cries about how squares won and because he is sharp he lost)
Nothing more... sorry to burst you bubble...but i wont be starting lists on whome i hate on the rx like some friggin highschool girl..
What a friggin pu$$y.
