1. Welcome to No Deposit Forum! Please log in to continue. New members please register here. New Member Registration

Indictment Handed Down to 'Vegas Dave' For Use Of Wrong SS# At Casino

Discussion in 'CASINO NEWS' started by Mben, Apr 19, 2017.

  1. Mben

    Mben No Deposit Forum Admin Staff Member

    Using the wrong Social Security number in a casino can cost you millions of dollars and land you in jail as professional sports bettor David Nakama Oancea, also known as Vegas Dave, is finding out.

    According to an indictment issued by a federal grand jury last Wednesday, Oancea used Social Security numbers that weren’t his to place nine bets in 2015 and 2016 at the Wynn and Westgate sports books.

    Under the Bank Secrecy Act, casinos are considered financial institutions and must report transactions of $10,000 or more by filing a currency transaction report or CTR.

    To fill out the CTR the casinos ask for government-issued identification and a Social Security number. There are also additional Nevada laws governing when bettors must present identification when making similarly sized bets.

    If you offer a fake Social Security number or use someone else’s, you’re committing two crimes — misuse of a Social Security number, and causing a domestic financial institution (in this case the casino) to file a false report.

    As a result, Oancea faces 18 counts for bets he placed totaling more than $1.3 million between Feb. 6, 2015, and Feb. 2, 2016. Nine are for Social Security misuse, and the other nine are for causing false reports.

    Each count carries a potential five-year prison term, according to the U.S. Attorney’s Office in Las Vegas. In addition, the indictment calls for Oancea to forfeit just over half a million dollars.

    On his social media accounts and his website, Oancea boasts of winning record-setting bets, including a futures bet on the Kansas City Royals to win the World Series in 2015 for $2.5 million and a futures bet on the Denver Broncos to win the Super Bowl in 2016 for $2.3 million.

    Oancea did not respond to requests for comment. However, on his Twitter account last week, he did post a short statement: “At the end of the day the truth will always come out. Can't wait till next week when the world hears what I have to say.”

    Continue reading here.
    Gadget likes this.
  2. Gadget

    Gadget WELL KNOWN MEMBER

    "Desperation breeds insanity." One of my favorite sayings. It definitely fits here.
    PMM and Mben like this.

Share This Page