Woman Below Arrest for Stealing $11.9m Via Macau Casino VIP Space
Deposits stolen from clients
In the Chinese gambling hub of Macau, authorities have arrested a 42-year-old woman employed by one of the city’s casinos. The local resident allegedly stole about MOP95.5m ($11.9m) from consumers of the Cotai VIP room where she worked.
lured victims into depositing funds by promising favorable every day interest prices
Authorities very first discovered of the woman’s crimes via the reports of two victims. Last week, a man and a lady reported that they had collectively lost around MOP9m ($1.1m) in deposits via the Cotai VIP Area. The accused allegedly lured victims into depositing funds by promising favorable daily interest prices.
In its investigation, the police discovered that a neighborhood lady surnamed Tong had stolen deposits from much more than 70 consumers. Right after questioning her, police transferred Tong to the Public Prosecutions Workplace on charges of fraud. They are nevertheless looking for the stolen funds and anyone else involved in the scheme.
The reports of victims
A single lady, who contacted Macau police on September 10, said that she signed a partnership agreement with the VIP casino club in Cotai. As portion of this deal, she paid HK$5m ($640,000) to use the club to conduct VIP organization. Last week nonetheless, she found that the VIP area had taken her funds and her companion had disappeared.
unable to retrieve his deposit or the interest
Meanwhile, a male victim contacted police on September 12 reporting that he had deposited HK$3.6m ($460,000) into the exact same Cotai VIP area. He allegedly did so after a regional lady named Tong promised him a every day interest price of 1%. The victim alerted the authorities after he was subsequently unable to retrieve his deposit or the interest.
As reported by the Macau News Agency, the Judiciary Police have concluded that the VIP business permitted its account room to authorize the withdrawals by Tong on a quantity of occasions. In questioning, Tong confessed that 1 of the managing partners of the VIP space instructed her to transfer deposits to other accounts.
Stricter regulation incoming
This case of fraud comes at a important time for the Macau gaming market. On Wednesday, the neighborhood government began a 45-day consultation approach with the aim of gauging public opinion on regulatory reform. The proposed adjustments focus on nine places, like enhanced casino surveillance and the regulation of deposits in junket rooms.
In a document revealing proposals, officials recommended that the gaming law must incorporate penalties against casino license holders, their shareholders, or workers that illegally take deposits from the general public. The proposal indicates that offenders could face a 5-year prison sentence.