..

Professional Gambler Indicted for Using Wrong Social Security Number in Casino

Written by:
Guest
Published on:
Apr/19/2017

A professional gambler known by the moniker “Vegas Dave” has been indicted for using the wrong social security number at the Wynn and Westgate sportsbooks.

Bet on Horses at USRacing Today!

David Nakama Oancea used a different social security number to place nine bets in 2015 and 2016.

Because the Bank Secrecy Act considers casinos financial institutions that are required to report transactions of $10,000 or more by filing a currency transaction, Oancea’s actions soon came to light.

He is now facing 18 counts of Social Security misuse and causing false reports.  Each of these counts carries a maximum five-year prison term.

Oancea is also being ordered to forfeit $1 million. 

Via Twitter, “Vegas Dave” wrote:  “At the end of the day the truth will always come out. Can't wait till next week when the world hears what I have to say.”

The professional gambler’s claim to fame is that he helped turn a $10K student loan into a gambling empire after doubling that amount at the roulette tables.

“From there, I built my bankroll through gambling,” Oancea, 39, said. “I don’t even play table games anymore. I stick to what I’m good at.”

In Oancea’s case, that would be sports betting. 

“I learned I could pick winners. I just had to manage my money. That’s where I transcended more into a professional sports bettor when I learned how to have some discipline in money management.”

- Aaron Goldstein, Gambling911.com

Gambling News

Is the FanDuel Sportsbook Available in Georgia?

Is the FanDuel Sportsbook Available in Georgia?

FanDuel is a popular online sportsbook, but it is not available to those living in Georgia.  Instead, we recommend BetUS, in business since 1994, and available to those living in Georgia.

Everything You Need to Know About the New World of Gaming

Everything You Need to Know About the New World of Gaming

Macao and Las Vegas are arguably the most famous and most popular gambling destinations in the world. Their world-encompassing persona is almost tricking outsiders into thinking that they have been embraced by their parent nations for generations. In truth, Sin City and the former Portuguese colony have been tiny exceptions in the United States and China when it comes to gambling. The real home of gambling, for decades, has been Europe. 

Sports Betting Strategy: Buying Pro Capper Picks

The typical sports bettor will try all sorts of strategies in an attempt to gain success. One strategy that bettors should strongly consider is buying pro capper picks. 

Mobile-Friendly Betting Software

Mobile-Friendly Betting Software

Technology can be a wonderful thing, and as a result, it has completely revolutionized the entire gambling industry.

5Dimes Seeks to Enter Legal New Jersey Sports Betting Market

5Dimes Seeks to Enter Legal New Jersey Sports Betting Market

The widow of deceased 5Dimes founder Sean "Tony" Creighton is seeking to obtain a sports betting license in the state of New Jersey after entering into a $47 million settlement agreement with the US feds and shutting the book down to the US market.

Syndicate