Money Laundering Costs Businesses Billions of Dollars a year

Winning 18 of 21 hands at a casino lead to an FBI investigation and prison sentencing.

By Dhina Clement, Marketing –
Two men were caught stealing at a Maryland casino in September 2017 and were sentenced to jail. One of them was a frequent player named Chenguang Ni and the other one, Ming Zhang, was a card dealer who worked for the casino. Zhang helped Ni figure out the order of the cards in the deck to predict the outcome of each game with accuracy. Then Ni paid a group of gamblers at the table to follow his lead and with that he ended up winning 18 out of 21 hands. When the casino noticed that unusual win, they notified the FBI and together they discovered the plan of Ni. Soon after, Zhang confessed his part in the scheme and revealed that the two also stole some money from another casino that Zhang worked at. Together, the two men stole $1,046,560 from the two casinos. Ni was sentenced to 13 months in prison and Zhang to 18 months in federal prison.

One way to reduce crime

Those crimes are getting more common each day. Even when the FBI makes it clear that those criminals will be caught, they seem to continue to take the risk. How can casinos reduce theft, especially those involving their employees? One tool that can help is EyeDetect® technology which launched in the market in 2014 and is already being used by more than 500 customers in 43 countries, including 50 U.S. state and local law enforcement agencies. During or after the hiring process, the employer can have The person taking an EyeDetect exam sit at a desk and answer true-or-false questions on a tablet for 30 minutes. The infrared camera within the technology will track eye movement, blinking and pupil dilation to score the examinee’s deceptiveness. The Data is then captured, encrypted and uploaded to a secure web server where it becomes available in less than 5 minutes. When using EyeDetect, this casino just like the ones who are currently using the technology, can reduce Employee Theft from 20% to 5%. That way it can prevent hiring people who have those tendencies and lose money.

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Photo by / Chris Liverani