Scott Sibella, former president of MGM Grand, has been sentenced to a year of probation and fined $9,500 for a federal criminal charge related to anti-money laundering violations under the Bank Secrecy Act. Sibella admitted to allowing illegal bookmaker Wayne Nix to place millions of dollars in bets at MGM Grand to settle debts in cash. The sentencing follows his plea and includes support from notable figures such as the Sheriff of LVMPD, former MGM CFO William Boasberg, and tech venture capitalist Ben Horowitz. The case highlights significant breaches in casino regulatory compliance.
A former top executive for major Las Vegas casinos was given a year of probation Wednesday after admitting he allowed an illegal bookmaker to gamble millions of dollars at the MGM Grand and pay off debts in cash. https://t.co/K1kr6S2I9q
A former top executive for major Las Vegas casinos was given a year of probation Wednesday after admitting he allowed an illegal bookmaker to gamble millions of dollars at the MGM Grand and pay off debts in cash. https://t.co/2oZcn4iUSB
Former MGM Grand & Resorts World president Scott Sibella was sentenced to a year of probation and fined $9,500 today after admitting he allowed illegal bookmaker Wayne Nix to gamble millions of dollars at the MGM Grand and pay off debts in cash. https://t.co/ZZXdjXJs3V
Sibella gets probation, fine for violating anti-money laundering law at MGM Grand https://t.co/GGQrGTCP6x via @NevadaCurrent
Scott Sibella sentenced in accordance with federal recommendation of one year probation, $9,500 fine. More to come @NevadaCurrent
The former president of the MGM Grand casino in Las Vegas is set to be sentenced on a federal criminal charge related to his failure to report millions of dollars in wagers by an illegal bookmaker at his casino. https://t.co/1OWoTr0Ftq
Former casino exec Scott Sibella, scheduled to be sentenced today on a Bank Secrecy Act violation, has received letters of support from @Sheriff_LVMPD, former MGM CFO William Boasberg, and tech venture capitalist Ben Horowitz. @TheNVIndy @CDCNewswire
.@Sheriff_LVMPD among those asking federal judge for leniency in sentencing former @MGMGrand pres Scott Sibella for anti-money laundering violation. More to come @NevadaCurrent
Former MGM Grand casino president to be sentenced for failing to report bookie's bets https://t.co/sf301HRDcR
Scott Sibella admitted to letting an illegal bookmaker bet millions of dollars at MGM Grand and other affiliated properties in order to pay off debts in cash. https://t.co/2aPLSg8dnC