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Alameda man faces charges following casino raids

Submitted by on 1, March 10, 2011 – 12:02 amNo Comment

A manager at Emeryville’s Oaks Card Club is accused of structuring more than $900,000 in deposits to his personal bank accounts in a way that illegally avoided federal reporting requirements. The charges come on the heels of a raid of the Oaks Card Club and a second casino, Artichoke Joe’s in San Bruno, that led to charges of racketeering, extortion and drug dealing for 15 people.

Federal authorities say Hoa The Nguyen, 47, of Alameda, deposited nearly $3 million in cash into personal accounts between March 21, 2006 and December 15, 2010 and that they believe $906,850 in same-day deposits were illegally “structured” to avoid reporting requirements. And they said Nguyen, who is the Oaks Card Club’s Asian gaming director, should have been aware of the requirements.

Internal Revenue Service agent Bryan Wong said in an affidavit that Nguyen made 380 deposits into six accounts during that time period, with all but five of them less than $10,000 – the amount that triggers the reporting requirement. Some of the deposits were made at separate banks on the same day, he said.

Nguyen made his first court appearance on Wednesday and is free on $100,000 bond. Nguyen’s attorney could not immediately be reached for comment on the charges.

The charges follow March 2 raids on employees of Artichoke Joe’s and the Oaks Card Club and their associates that resulted in 14 people being arrested on loan sharking, drug dealing and other charges. A fifteenth person was named in an indictment unsealed on March 3, but that person’s name was redacted from the indictment.

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