The Bellagio and its fountains (via Wikipedia)
George Retos Jr., a 69-year-old businessman and former lawyer who lives in the Pittsburgh, Pa. suburb of East Washington, was a big, big fan of Las Vegas. He especially liked visiting the Bellagio, the giant Strip casino hotel known for its spectacular fountain displays. Another favored place was the Cosmopolitan, the trendy casino hotel that frequently tops best-places-to-stay lists.
He used debit cards to run up personal charges at both facilities. But there was a big problem with this–if federal prosecutors in Pittsburgh are to be believed. The mention of federal prosecutors might make it possible for you to sort of guess where I’m going with this.
According to a 32-page federal indictment issued last month, Retos orchestrated several schemes to misappropriate the proceeds of federally guaranteed loans made to several private businesses he controlled in the plastics industry and to evade taxes “for his own personal use and the use of his family members.” The Las Vegas expenditures are identified as part of this effort.
The 13 counts in the indictment include wire fraud, tax evasion, and conspiracy to defraud the U.S. government. There are some other interesting charges, too, including false bankruptcy declarations and possession of a handgun despite being a long-convicted felon.
Earlier this month, Retos, the only person charged in the indictment although others are mentioned as unindicted co-conspirators, pleaded not guilty and remains free on $25,000 bond. Although this case has plea bargain written all over it, if convicted and hit with maximum sentences, Retos faces what amounts to the rest of his life in prison. A spokesman for him was quoted by a local newspaper as calling the charges “a misrepresentation of facts.”
While the court is sorting this all out, I am nominating Retos for my list, It Didn’t Stay Here. The roster consists of folks in trouble elsewhere for something that happened in that Mecca of Mischief called Las Vegas. My list is a New To Las Vegas rebuttal of that famous Las Vegas Convention and Visitors Authority marketing pitch, “What Happens Here, Stays Here.” Other nominees can be found on this page. By clicking on their names, you can learn their sad stories, too. Continue reading
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