Latest Headlines
- Early Morning Stabbing In Cantonment Under Investigation
- Escambia School Grades Released. See How Your Child’s School Scored.
- Bond Set For Cottage Hill Man Charged With Threatening To Kill Local Magistrate
- Cottage Hill Man Charged With Threatening To Kill Local Magistrate
- Five WaWa Stores In The Works For Escambia County. Here’s The List.
- Baldwin County Road 112 Closure To Impact Drivers From Escambia County
- Five Arrested On Drug Charges In Atmore
- Ascension Sacred Heart Pensacola Designated As Only Level One Trauma Center In Panhandle
- Tate Aggies Volleyball Attends Florida Gators Camp
- Blue Wahoos Seize Big Inning, Sink Shuckers To End Four-Game Slide
Men Charged With Running Illegal Bingo Operation
February 23, 2016
Two area men have been charged with money laundering and illegal gambling in their bingo operation.
Larry L. Masino, 65, of Santa Rosa County, and Dixie L. Masino, 63, of Escambia County, were arraigned Monday in the U.S. District Court in Pensacola after a federal grand jury returned an indictment charging them with wire fraud conspiracy, operating an illegal gambling business, money laundering conspiracy, and money laundering.
vThe indictment alleges that, between 2006 and 2015, Larry and Dixie Masino conspired to defraud local charities out of millions of dollars. The Masinos operated Racetrack Bingo Inc. in Fort Walton Beach on behalf of a number of charitable organizations.
According to the indictment, Racetrack Bingo Inc. was an illegal gambling business in violation of Florida law because the Masinos compensated themselves and their employees, instead of using bona fide charity members, to run bingo games. The indictment further alleges that the Masinos charged the charities grossly inflated lease fees. By law, those proceeds should have gone to the charities. The indictment also alleges that Larry and Dixie Masino conspired to launder more than $5.8 million in proceeds of their illegal bingo operation through the deposit of profit distribution checks from Racetrack Bingo Inc.
The trial is scheduled for April 18, 2016.
Comments
One Response to “Men Charged With Running Illegal Bingo Operation”
To the tennis court prison!