Feds Shut Down Bicycle Casino Amidst Money Laundering Probe

Federal agents on Tuesday shut down a Los Angeles casino as part of a probe into money laundering.

Authorities with .S. Immigration and Customs Enforcement’s Homeland Security Investigations (HSI) confirmed the raid.

"Law enforcement sources who were familiar with the investigation but not authorized to speak about it publicly said the probe was focused on whether or not individuals used the gambling club to launder illegally gained cash. The investigation, which is in the relatively early stages, will determine whether gamblers exchanged dirty money for chips, played cards, and then cashed the chips in for clean money, according to the sources."

The shut down of the casino led some to suspect someone working at the establishment may have been complicit in the alleged criminal activity.

- Nagesh Rath, Gambling911.com