Feds: cars bought with illegal gambling funds - KUAM.com-KUAM News: On Air. Online. On Demand.

Feds: cars bought with illegal gambling funds

Posted: Updated:

by Nick Delgado

Guam - The federal government believes two Lexus vehicles registered to Betsy Tang Ho were purchased with proceeds from illegal gambling. According to court documents, the cars are registered in Ho's name, but were purchased by her husband, Wai Kam Ho, and his girlfriend, Jennie Pau.

In March and July of 2008, Wai Kam Ho allegedly asked Pau to write checks to the dealership for the purchase of two Lexus vehicles.  In return he gave her cash to deposit into her bank accounts.  According to court documents, Pau made several deposits so she could avoid filing currency transaction reports.  The feds contend the money to pay for the cars were the proceeds of illegal gambling that Pau admitted to supervising at the MGM Spa.

The defendants are charged in separate indictments for illegal gambling, money laundering and criminal forfeiture.

  • NEWS HEADLINESMore>>

  • 6.4 earthquake recorded southeast of Inarajan

    6.4 earthquake recorded southeast of Inarajan

    The U.S. Geological Survey (USGS) recorded an earthquake with a preliminary magnitude of 6.4 that struck 197km SE of Inarajan Village, Guam, with a depth of 10.0 km, at 3:52 p.m. (ChST). There is no tsunami threat to Guam or the Marianas from the earthquaMore >>
    The U.S. Geological Survey (USGS) recorded an earthquake with a preliminary magnitude of 6.4 that struck 197km SE of Inarajan Village, Guam, with a depth of 10.0 km, at 3:52 p.m. (ChST). There is no tsunami threat to Guam or the Marianas from the earthquaMore >>
  • Inmate Found Dead at Mangilao Prison

    Inmate Found Dead at Mangilao Prison

    An inmate is found dead at the Department of Correction prison overnight. Corrections officers reported inmate Luis Hocog was found unresponsive inside his Post 16 cell around 11 pm on Friday. The officer contacted the platoon commander of the situation and requested for medical assistance, a news release stated. 

    More >>

    An inmate is found dead at the Department of Correction prison overnight. Corrections officers reported inmate Luis Hocog was found unresponsive inside his Post 16 cell around 11 pm on Friday. The officer contacted the platoo

    More >>
  • Alleged armed robber begs judge for less time

    Alleged armed robber begs judge for less time

    "Nobody's dead. Nobody died." Those were words from defendant Jeremy Allen Evaristo in court today as he reasoned why the government should give him less than the 15 year jail term outlined in his proposed plea agreement. Evaristo is charged in a string oMore >>
    "Nobody's dead. Nobody died." Those were words from defendant Jeremy Allen Evaristo in court today as he reasoned why the government should give him less than the 15 year jail term outlined in his proposed plea agreement. Evaristo is charged in a string oMore >>
Powered by Frankly