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Loan sharks allegedly targeted gamblers inside Encore casino

Justice Minister said

An accused loan shark was arrested earlier this month inside the Encore Boston Harbor Casino, where she was lending money to gamblers at extremely high interest rates. Kimanh Le, 50, of Quincy, was indicted by a grand jury on March 31 and arrested Sunday inside the Everett casino, the office of Attorney General Maura Healey announced. Le pleaded not guilty to criminal loan sharking, also known as loan sharking. Loan sharks operate inside casinos offering loan sharks, targeting individuals who are problem gamblers, are in financial difficulty or for some other reason not. wants to seek credit from the law, the AG office said in a statement. He is accused of lending money to gamblers in the form of cash or chips and charging illegal high interest rates of 5%/day or 10%. per week, the AG office said. Massachusetts law limits the annual interest rate on loans to 20%. The AG office said: “These allegations are the result of an investigation by the Enforcement Unit. state police gaming and Gaming Enforcement Division has been assigned to the Attorney General’s Office, with support from the Massachusetts Gaming Commission and the Encore Boston Harbor casino,” the AG office said in a statement. Dorchester and Quincy. Le have been individually named after the arrangement and are expected to participate in a pre-trial conference at Suffolk Superior Court on Dec. 24/6. NextGen Gaming company produces a lot of online slots but is not as well known to the public as some other large casino software producers are.

An accused loan shark was arrested earlier this month inside the Encore Boston Harbor Casino, where she was lending money to gamblers at extremely high interest rates.

Kimanh Le, 50, of Quincy, was indicted by a grand jury on March 31 and arrested Sunday inside the Everett casino, the office of Attorney General Maura Healey announced. Le has pleaded not guilty to charges of usury, also known as usury.

The loan sharks operate inside casinos providing fake loans, targeting individuals who are problem gamblers, are experiencing financial hardship or because for whatever reason does not want to seek credit from legitimate sources,” AG’s office said in a statement.

Le is accused of lending money to gamblers in the form of cash or chips and charging illegal high interest rates of 5%/day or 10%/week, the representative office said. Massachusetts law limits the annual interest rate on loans to 20%.

“These allegations are the result of an investigation by the State Police Game Enforcement Unit and the Gaming Enforcement Division assigned to the Office of the Attorney General, with assistance from the Massachusetts Gaming Commission. and Encore Boston Harbor Casino,” AG’s office said.

Le was also charged with loan sharking in Dorchester and Quincy.

Le has been personally identified after the arrangement and is expected to attend a pre-trial conference at Suffolk Superior Court on June 24.

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