May 2, 2013
|Photo by W. L. Doromal ©2008|
The Tinian Dynasty Hotel and Casino, known for cheating foreign workers of their wages, now is facing closure as the The U.S. government charged Hong Kong Entertainment (Overseas) Investments, LTD dba Tinian Dynasty Hotel and Casino, Casino Manager Tim Blythe, and VIP Services Manager George Que with three criminals charges: conspiracy to cause a financial institution to fail to file a currency transaction report (18 U.S.C. §371), Causing a financial institution to fail to file a currency transaction report, (31 U.S.C. §§ 5324(a)(1) and (d)(2); and 18 U.S.C. §2).
The complaint states that beginning around September 2009 until the present the defendants failed to file required Casino Transaction Reports for Casino (CTRC), Financial Crimes Enforcement Network (FINCEN) Form 103 on transactions involving over $10,000 in currency. The reports are required to protect against money laundering and other financial crime. (see this link for more information on these required forms.)
Undercover agents, posing as customers who used large amounts of currency but did not want financial reports filed. Over $100,000 in illegal activity occurred over the span of 12 months.
Ever since the Tinian Dynasty opened there have been rumors that it was engaged in money laundering.
The business faces severe fines and a bleak future. The Marianas Variety summarized the sentence and consequences for the individuals and business:
The maximum sentence for each offense is imprisonment for not more than 10 years, a fine of not more than $500,000 for an individual, and a fine of not more than $1,000,000 for a corporation, the prosecution said.
There is also a forfeiture provision wherein, upon conviction, the defendants would forfeit their interest in two bank accounts on Guam, two bank accounts on Saipan, and in the Tinian Dynasty Hotel and Casino.Read the complaint: