Anti-money laundering scheme: Normandie Casino partnership to pay $2.4 million


The partnership that ran the Normandie Casino were ordered to pay about $2.4 million to settle federal charges that the now- defunct Gardena club violated anti-money laundering provisions of the Bank Secrecy Act, court papers show.

As part of an agreement with federal prosecutors, the four partners agreed to pay a $1 million fine and to forfeit nearly $1.4 million for failing to report large cash transactions to federal authorities.

Sentencing took place Monday in Los Angeles before U.S. District Judge S. James Otero. The Normandie partnership pleaded guilty in January to two felony offenses — failing to maintain an effective anti-money laundering program and conspiring to avoid reporting to the government the large cash transactions of some of the casino’s “high-roller” gamblers.