The Forging Of Casino Coins

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27 December 2021

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Instead of the normal casino bonuses or comps, this guy experimented with something various. His title is Louis B. Colavecchio, also recognized as "The Coin", 64 year old Colavecchio is a nicely identified organized crime associate. He researched implies and methods of producing equivalent counterfeits of various slot machine coins in different casinos. The tokens he and his gang created ranged from $5 all the way up to $one hundred.

Some of the casinos he victimized have been Foxwoods and Mohegan Sun, each located in Connecticut. Nonetheless he also forged coins at areas such as the world well-known Trump Marina Casino, the Trump Plaza Casino, Atlantic City Hilton, Taj Mahal Resort, Sands Casino and Caesar's Palace Casino.

To forge the coins, Colavecchio took the coins from the aforementioned casinos and would then make rubber molds where the coins will be duplicated after certain chemical procedures took place. To complete this, he utilized the services of chemists who established what the unique coins have been created of. He would then distribute the counterfeit tokens to other associates who would also earn from it.

The downfall came when the casinos observed a surplus of coins from their slot mahcines, which then led to suspicion. The instances had been reported to the FBI went and the agency on an operation to trap Colavecchio and his gang. The operation ended in a achievement which led to the capture of "The Coin" Colavecchio, right after raiding his house.

The 64 12 months outdated suspect faces numerous costs which include ten counts of forgery, counterfeiting and of course, alteration of trademark. Nevertheless, he was released right after paying $25, 000 well worth of surety bond. A Providence district court granted him temporary freedom following he appeared in court.

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