Missing funds from Bellagio box - Page 3 - Poker News

Insurance in the sense of seeing fake numbers on the screen in some sort of ledger..

The idea of putting 50, 100, 200k+ in a box w no receipts is insane to me.

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06-03-2023 , 06:39 AM

#52

PokerEthics

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Join Date: Feb 2022 Posts: 1,063

Quote:

Originally Posted by borg23

I'm sure more poker players have had crypto stolen than have had their box inside a casino robbed. This is the first time I can remember hearing about something like this.

Boxes are way faster than having money on deposit.

That might be true…

But my accountant would have proof of my purchases and sales of BTC so could claim a write off or something as long as there’s some sort of ledger and history.

The accountant isn’t going to take my word if I tell him I lost 200k in a box he’s gonna laugh at me for putting that much money in a box w no proof.

It might be a red herring though so you might be right it probably never happens and isn’t something to worry about.

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06-03-2023 , 06:42 AM

#53

Yogurt Daddy

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Join Date: Nov 2022 Posts: 1,022

If Bellagio takes care of it, it will be out of good will.

Boxes are just like bank safety deposit boxes. Bank has zero liability with the contents.

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06-03-2023 , 07:45 AM

#54

borg23

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Quote:

Originally Posted by PokerEthics

ok so you write it off and save 30 percent of that 200k instead of writing off zero,
but your crypto is way more likely to get stolen in the first place.

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06-03-2023 , 11:58 AM

#55

Gzesh

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Quote:

Originally Posted by MoViN.tArGeT

Wait is there not just a camera above the box for the poker room to review to see if hes telling the truth or full of **** and see what happened to the money? Its mind bogging to me that this is not the end of the thread. how could a billion dollar company not have cameras in an area where they keep millions of dollars

You find it "mind boggling" that a thread consists mostly of nonsense, speculation, prattle and uninfomed opinions ?

Welcome to the internet. You miss the point of forums, I suspect.

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06-03-2023 , 01:44 PM

#56

Fore

Pooh-Bah

Join Date: Dec 2014 Posts: 3,821

Quote:

Originally Posted by Elizabeth5579

not sure if i am qualified for all of that, but i do understand basic contract law. player very likely signed a contract stating YES the funds can be seized AT ANY TIME and FOR ANY REASON. stock brokerages have the same clauses in their ToS. Just because it does not happen frequently does not mean it does not happen at all. And victims are rarely believed because of this.

Please provide any legitimate citation to support your claims

Can the contents be seized? Yes. At any time? Probably. For any reason or no reason? No.

I have brokerage accounts at four different brokerages. Multiple account at most of those. None allow random seizure by brokerage for any or no reason.

Just like the bank cannot randomly decide to seize the contents of my safety deposit box. They are not even allowed to open it wo court order except in very limited circumstances.

I don’t have a casino box but such terms as you claim would be highly doubtful.

Custody does not grant ownership but it certainly can imply a duty for reasonable protection.

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06-03-2023 , 02:47 PM

#57

Fore

Pooh-Bah

Join Date: Dec 2014 Posts: 3,821

Quote:

Originally Posted by PokerEthics

Actually your accountant would or should file any claim you ask that he doesn’t know to be fraudulent. Not his role to adjudicate the complete veracity. And I if you have contemporaneous along with historical support, your claims might be found true.

If someone breaks into your house and steals $1000, do you have to prove you had $1000 there? You will need to prove there was a break in.

Now if you claim $100mil cash was stol3n from your $100 per week room you rent and you can’t show you ever made more than $15k in a year, that is going to take more evidence of the loss.

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06-03-2023 , 06:08 PM

#58

Gzesh

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Quote:

Originally Posted by Gzesh

You find it "mind boggling" that a thread consists mostly of nonsense, speculation, prattle and uninfomed opinions ?

Welcome to the internet. You miss the point of forums, I suspect.

Things have not improved in more recent posts.

Just as an aside, does anyone recall back when the Bellagio boxes were raided by the Feds, but only after a floor guy tipped off certain boxholders in advance ?

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06-03-2023 , 07:09 PM

#59

DizzyG

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Join Date: Apr 2022 Posts: 415

Quote:

Originally Posted by Fore

Actually your accountant would or should file any claim you ask that he doesn’t know to be fraudulent. Not his role to adjudicate the complete veracity.

False..an accountant has to sign any returns he gets paid to prepare. He is responsible for due diligence and must ensure the returns are factual and not misleading. Only a moron accountant would just take a clients word for it and file a tax return without proper documentation.

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06-03-2023 , 09:43 PM

#60

Wilbury Twist

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Quote:

Originally Posted by Gzesh

Just as an aside, does anyone recall back when the Bellagio boxes were raided by the Feds, but only after a floor guy tipped off certain boxholders in advance ?

Whoa... no, I don't remember this. How long ago?

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06-04-2023 , 11:04 AM

#61

namisgr11

old hand

Join Date: Jun 2012 Posts: 1,522

Latest update on Twitter, from back on June 1:

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06-04-2023 , 12:47 PM

#62

Gzesh

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Quote:

Originally Posted by Wilbury Twist

Whoa... no, I don't remember this. How long ago?

I would have to look it up, but I do recall it happening. (The Bellagio floor guy was fired.)

The story lurks somewhere in the 2+2 archives.

There is a long thread about Doug Dalton getting canned from 2013 and it is mentioned in there, so sometime before 2013.

Last edited by Gzesh; 06-04-2023 at 01:01 PM.

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06-04-2023 , 12:48 PM

#63

Kebabkungen

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Join Date: Nov 2015 Posts: 1,134

Claims there has been no response but is still positive. I call bs. Obviously something hes not saying thats going on behind the official story hes telling on twitter.

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06-04-2023 , 01:02 PM

#64

PokerEthics

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Join Date: Feb 2022 Posts: 1,063

Quote:

Originally Posted by Kebabkungen

Claims there has been no response but is still positive. I call bs. Obviously something hes not saying thats going on behind the official story hes telling on twitter.

My first impression was some sort of my dog ate my homework excuse for not having funds to pay someone…

I got robbed on the way to casino type stuff..

I suppose he deserves the benefit of the doubt and I have been wrong before so let’s hope that’s the case.

The casino losing the contents of the box would be a really bad look.

Any updates?

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06-04-2023 , 04:59 PM

#65

Llorton

journeyman

Join Date: Aug 2019 Posts: 252

Quote:

Originally Posted by Elizabeth5579

not to be judgemental but guessing from this guy's profile picture he depends on others for the safety and wellbeing of himself and his family. maybe getting his cash yoinked by TPTB will make him a little more self sufficient

Dammmmmmn.

I concur

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06-05-2023 , 03:39 AM

#66

chiefsfan17

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Join Date: May 2007 Posts: 2,048

Quote:

Originally Posted by Elizabeth5579

what the hell does this mean? what a stupid comment.

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06-05-2023 , 07:48 AM

#67

Kebabkungen

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Join Date: Nov 2015 Posts: 1,134

Quote:

Originally Posted by PokerEthics

My first impression was some sort of my dog ate my homework excuse for not having funds to pay someone…

Yea some dumb excuse for being busto seems most likely.

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06-05-2023 , 10:44 AM

#68

ScotchOnDaRocks

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Quote:

Originally Posted by chiefsfan17

what the hell does this mean? what a stupid comment.

Think she’s saying he looks like a wimp

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06-05-2023 , 03:30 PM

#69

PenelopeCruz

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Quote:

Originally Posted by ledn

So if you are a high stakes player trying to get 100k cash for a game, you have 2 options.

this is false and a common misconception. Many casinos, Bellagio and other MGM properties included, let you wire funds into a "front money" account, which can be used for poker. You can also deposit your winnings into the front money account when you're done playing. The only caveat is they will not cash chips from your front money account, only wire them back to you (including winnings, if you deposit them).

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06-05-2023 , 03:31 PM

#70

namisgr11

old hand

Join Date: Jun 2012 Posts: 1,522

Quote:

Originally Posted by Kebabkungen

Yea some dumb excuse for being busto seems most likely.

Gordo has cashed and is in seventh out of the final 13 in the $10K Dealer's Choice. He finished second in the event last year for a $185K cash. So while a busto scheme can't be ruled out from this information alone, it seems less likely to me, and more likely a mistake on the part of the Bellagio.

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06-05-2023 , 05:12 PM

#71

SenatorKevin

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Join Date: May 2007 Posts: 2,911

Quote:

Originally Posted by Gzesh

There is a long thread about Doug Dalton getting canned from 2013 and it is mentioned in there, so sometime before 2013.

I read the thread, didn't see it mentioned. I feel like if this was true, it would have become more well known by now at this point.

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06-05-2023 , 05:18 PM

#72

ligastar

ToP 100 pAsS cAtChErS

Join Date: Jun 2004 Posts: 31,094

to back up Gzesh, i do vaguely remember the story he mentioned in post #58

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06-05-2023 , 09:16 PM

#73

Gzesh

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Quote:

Originally Posted by SenatorKevin

I read the thread, didn't see it mentioned. I feel like if this was true, it would have become more well known by now at this point.

Look harder.

If you need the specific reference, I'll get it for you...... if you donate $25 to the Shade Tree Shelter in Las Vegas.

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06-06-2023 , 09:26 AM

#74

SimpleRick

banned

Join Date: Aug 2018 Posts: 4,660

Quote:

Originally Posted by madlex

That's not how it works.

She's right about the banks part at least, that's not your money. You are loaning it to them and they owe you money. That's technically how that works.