Bank hits Las Vegas casino supplier with fraud lawsuit

From Vegas Inc:

For at least the third time, Las Vegas-based casino supplier Galaxy Gaming Inc. or its CEO have been sued over allegations they hid assets to avoid paying debts owed to creditors.

Bank of America filed suit last week in Clark County District Court in Las Vegas against Galaxy Gaming and a trust named for the Galaxy CEO’s teenage daughter, asserting fraudulent transfer claims.

The suit was filed as the bank tries to collect on what it alleges is a defaulted loan with a balance of $1.183 million as of Aug. 2.

Continue reading this story at Vegas Inc.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s