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The Chip Board Archive 04

High-value chipper may go to jail

OK, I apologize for the National Enquirer style headline to get your attention vbg

Here's the story from today's paper:
Former penny stock tycoon Robert E. Brennan was convicted of bankruptcy fraud...convicted on seven of 13 counts...carry a penalty of six to 10 years in federal prison...Brennan had been accused of hiding millions of dollars from creditors in his 1995 bankruptcy filing by manipulating ill-gotten gains in an offshore trust and concealing $525,000 in chips from the Mirage Resorts casino.

(I wonder if that was a rack+5 of the Mirage $5,000 chips, or if it was 21 of the big $25,000 chips? Wouldn't the Mirage notice that much in outstanding chips, especially with the Treasury paperwork for transactions over $10,000?)

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