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.
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