Venetian Visited (Raided?) by IRS

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Federal agents on Thursday visited the Venetian...

source:
http://www.mercurynews.com/topstorie...nclick_check=1

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Here's one:

http://www.insidebayarea.com/news/ci...295?source=rss

The Internal Revenue Service has expanded its investigation into a former Fry's executive, with agents seizing financial records and interviewing employees from at least one Las Vegas casino last week.

Federal agents on Thursday visited the Venetian, a casino and hotel along the Vegas Strip which Ausaf "Omar" Siddiqui, 43, had frequented, IRS spokeswoman Arlette Lee confirmed Monday.

She declined further comment, saying the search warrants have been sealed.

Siddiqui was charged in mid-December on allegations that he was part of a $65 million kickback scheme, where he supposedly charged vendors exorbitant fees to place their products on Fry's shelves, and pocketed the money to pay off huge gambling debts. He was formally charged in January on nine counts of wire fraud and money laundering. The Palo Alto resident is on house arrest and is scheduled to appear in San Jose's federal court Wednesday morning.

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Here is the story from Mercury news.

The Internal Revenue Service has expanded its investigation into a former Fry's executive, with agents seizing financial records and interviewing employees from at least one Las Vegas casino last week.

Federal agents on Thursday visited the Venetian, a casino and hotel along the Vegas Strip which Ausaf "Omar" Siddiqui, 43, had frequented, IRS spokeswoman Arlette Lee confirmed Monday.

She declined further comment, saying the search warrants have been sealed.

Siddiqui was charged in mid-December on allegations that he was part of a $65 million kickback scheme, where he supposedly charged vendors exorbitant fees to place their products on Fry's shelves, and pocketed the money to pay off huge gambling debts. He was formally charged in January on nine counts of wire fraud and money laundering. The Palo Alto resident is on house arrest and is scheduled to appear in San Jose's federal court Wednesday morning.

John Beckmann, 47, of Las Vegas and Siddiqui's "casino host" at the Palms Casino, told the Mercury News on Monday in an exclusive interview that he was questioned for "a couple of hours" by two IRS agents Wednesday afternoon. Beckmann essentially catered to Siddiqui's every need when he gambled at the Palms for three years.

"What did they ask me?" Beckmann said. "They wanted to know, 'How did Omar pay you?' " Beckmann said he told the agents that on a "couple of occasions," Siddiqui would call him up and say, "meet me at the Venetian." Then, Siddiqui would hand Beckmann a check from the Venetian for anywhere from $1.5 million to $2 million written out in Siddiqui's name. Siddiqui would sign the check over to the Palms, and Beckmann would run the check up to the administrative offices. The Palms is suing Siddiqui for $2.35 million stemming from an August gambling spree.

"That's not common at all," Beckmann said. "Why would the Venetian do that? That's the million dollar question." Venetian spokesman Ron Reese declined to comment.

But David Schwartz, director of the Gaming Studies Research Center at the University of Nevada-Las Vegas, said sometimes a high-roller will have credit at a particular casino. So, instead of writing a winner a check for $2 million, the gambler may just keep the winnings at the casino for future use.

Beckmann said the Palms was served with a subpoena for all the gaming records involving Siddiqui. He also said IRS agents had subpoenas for several other casinos. Beckmann said he saw the name "Planet Hollywood" on a subpoena.

Other than the Venetian, IRS spokeswoman Lee would not confirm whether agents visited the Palms or any other casino.

Beckmann said the IRS also wanted to know more about Siddiqui, where he played golf and how often he traveled to San Jose SaberCats games, an Arena Football League team that Fry's owns. Beckmann traveled with Siddiqui to some of those games in San Jose and Utah.

"I think they just wanted to get the whole picture," Beckmann said.

Siddiqui's civil attorney, Eric Sidebotham, did not return phone calls Monday.