$81,000,000 Walked Into A Casino. Nobody Had To Report It.
$81 million left a central bank in February 2016 and walked onto a casino floor.
The theft mostly failed. Of $951 million requested, about $850 million never left.
The laundering worked, because in 2016, casinos in the Philippines owed nobody a report. That gap closed in July 2017. Seventeen months too late.
Roughly $66 million has never come home.
Full case file: https://www.youtube.com/watch?v=MI7-PnDNwEE&utm_source=tumblr&utm_medium=social&utm_campaign=l7
This is an educational and documentary examination of an adjudicated financial crime and the regulatory gap that enabled it. It is not instructional and contains no operational method. Allegations are attributed to their sources; individuals are named only where convicted or officially designated by a government authority.
