Wai Kam Ho posts property bond - KUAM.com-KUAM News: On Air. Online. On Demand.

Wai Kam Ho posts property bond

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by Mindy Aguon

Guam - Following objections from the U.S. Attorney's Office, Wai Kam Ho posted a property bond to reassure the feds that he intends to return to Guam after an off-island trip and will appear for future court hearings. According to court documents, Ho posted the bond with his unit at the Beverly Palms Condominiums in Tamuning.

Should he fail to appear for future court hearings, he has agreed that the federal government will take his property. The feds were particularly concerned that Ho would be traveling to China, a country that has no extradition agreement with the United States, and may not return for trial. 

Ho is charged with illegal gambling and money laundering in connection with an alleged scheme with others to make money off of illegal gambling at the MGM Spa and then laundering the proceeds through the Overseas Chinese Association Center.  Ho is scheduled to return to Guam next month.

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