Cache Creek Casino in Yolo County, Northern California, was one of the intended victims of a national credit fraud scheme. A federal grand jury has charged Vivian Wang, of Georgia.; and Frank Luo, of Nevada, in a wire fraud case. Both were arrested at their homes.
Prosecutors allege that the two colluded during the period 2008-2014 to use false identifies to defraud casinos and credit card companies all over the country.
Wang and Luo allegedly used false identities and Social Security numbers of migrant workers to file for casino “markers.” Such markers are typically secured by a private check or other advance. At first the defendants paid off the markers in a timely manner, but after paying them off several times. Then they allegedly coordinated their activities so that one of them was appearing to lose money while the other was winning.
The indictment alleges that the defendants spent the credit on jewelry, appliances, airline flights, clothing and luxury goods. They closed bank accounts to prevent the casinos from recovering the money after they wrote checks against their accounts.
Altogether their activities scammed an estimated $1.2 million from the following casinos: Red Hawk Casino in El Dorado County and Thunder Valley Casino in Placer County, in addition to Cache Creek.
The two face up to 20 years in prison and $250,000 in fines for each count.
