Gambling is a popular way to spend time and additionally get some cash. People visit different countries to step into the popular casinos to play their favorite games. However, this sector is not always about fun. Gamblers should be attentive to the suspicious moments and not get involved in the fraud. GBC Time has prepared a list of the most famous gambling frauds in history.
There are many responsible and fair gamblers. They do not break any rules of the online and offline casinos, do not fraud the card games, and always follow all the restrictions. However, the gambling industry is so old and there were seen enough players who cheated the systems and hit the dishonest jackpots.
This article will help you to identify possible frauds. You will be able to see any suspicious events. Be honest to avoid a harmful experience.
The Man Who Sold the Eiffel Tower
Victor Lustig is known as one of the most cunning and inventive swindlers. Victor Lusting attempted to sell the Eiffel Tower to an American businessman for $250 000. Not only did he make a deal with this gullible businessman, but he also involved another swindler, who also brought Victor profit.
Victor tried to pull off such a scam after that, but over time, people figured out the whole essence of his deception.
Nevada Software Engineer Programmed the Slot Machines to pay more
In the summer of 2012, poker player Michael Preysman was arrested by the police in Las Vegas for a slot machines fraud. He hacked slot machines in one of the most popular hotels. As a result, the slot machines paid him more prize money than they should have.
After the arrest, one of the largest casinos in the world tried to buy out his hacking secret for 2 million
The FBI suggested that Preysman used virus software to gain access to the casino’s computers and manually set up the rollouts from the machines.
Louis ‘the Coin’ Colavecchio Was Caught with more than 750 pounds of Fake Slot Machine Coins in his Car
In 2002, an ordinary patrol officer discovered one of the largest gambling scammers during a routine search of a car. Louis Colavecchio was found to have counterfeit casino coins worth £750. He sold these coins to the players so that they could take more out of the casino, which they actually won.
Special Forged Slot Machines
In November 2006, two men in California were arrested by police for fake lenses. These lenses were used to build a 10,000-person counterfeit slot machine assembly line.
They used such lenses in order to give the impression of a real screen to the players.
The men used a punching tool to make counterfeit coins that were indistinguishable from the real ones.
Counterfeit Coins
Mahmoud Al-Sakkais another of the most notorious gambling scammers in history. In 2006, he created and sold the $500 bill. Thus, he avenged Saddam Hussein, who was sentenced to six years.
A little later, his scam picked up steam and he sold over 300 counterfeit banknotes for about $1 200 each.
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