Robert Alexander, a former high-stakes gambler and the founding father of the web gaming firm Kizzang is scheduled to be sentenced on January 14, 2024, after pleading responsible to a number of fraud fees greater than 4 years in the past. Alexander, who as soon as lived the lifetime of a Las Vegas on line casino excessive curler, admitted to defrauding traders out of over $1.3 million, funds that he misused for private bills, together with playing, luxurious automobiles, and lease.
In January 2020, Alexander was convicted of 1 rely every of securities fraud and wire fraud. The fees stem from his fraudulent actions because the founding father of Kizzang, a Nevada-based restricted legal responsibility firm he established in 2013. Kizzang supplied free on-line video games and contests however ceased operations in 2017. Court docket information cited by the Las Vegas Evaluate-Journal point out that Alexander took massive sums of cash from traders supposed for enterprise functions and as a substitute used them for private achieve.
Of the stolen funds, Alexander withdrew almost $280,000 at varied casinos and spent near $580,000 on rental bills for his private residence. His misuse of investor funds led to his indictment in 2019, and underneath federal sentencing tips, he now faces a jail sentence of as much as 27 months.
Well being-Associated Delays in Sentencing
Since his responsible plea in 2020, Alexander’s sentencing has been delayed a number of occasions, primarily attributable to claims of poor well being. His legal professional has requested a number of postponements, all of which have been granted by the U.S. District Court docket for Southern New York. After these years of postponements, Alexander’s sentencing is now set to proceed early subsequent yr.
Past his fraudulent actions, Alexander was additionally linked to an altercation with well-known skilled gambler Robert “RJ” Cipriani at Resorts World Las Vegas in 2021. The incident on the Strip on line casino led to Cipriani, who is understood on social media underneath the deal with “Robinhood 702,” being arrested and charged with larceny and theft. These fees have been dismissed in 2022.
Resorts World Las Vegas, which opened in June 2021, has been the positioning of a number of playing scandals, some involving high-profile figures on this planet of sports activities and leisure. One such case concerned unlawful bookmaker Mathew Bowyer, who frequented the on line casino. Bowyer was the bookie for Ippei Mizuhara, former interpreter for Los Angeles Dodgers star Shohei Ohtani.
Resorts World and Ongoing Investigations
Scott Sibella, former president and chief working officer of Resorts World Las Vegas, has additionally been entangled in controversy. Sibella, who held his place from 2019 till his departure in September 2023, pleaded responsible to violating the U.S. Financial institution Secrecy Act throughout his tenure overseeing MGM Grand. Nevada gaming regulators are reportedly investigating Sibella, although particulars of the inquiry have but to be disclosed publicly.
In August, Nevada gaming authorities filed a 12-count criticism in opposition to Resorts World, alleging that people with ties to unlawful bookmaking and arranged crime had been “welcomed” and inspired to gamble on the on line casino. The criticism accuses Resorts World of fostering an surroundings that allowed these figures, many with federal convictions, to proceed their unlawful actions.
