LAS VEGAS -- Bail was set Wednesday at $12.9 million for Semion Kronenfeld, the amount the Canadian citizen allegedly owes in unpaid markers to local casinos, according to an indictment from a Clark County grand jury.
The case dates to 2009, when Kronenfeld allegedly lost $20 million total while gambling at the Palazzo, Venetian and Green Valley Ranch resorts. Prosecutors said he agreed to pay the Venetian $7.9 million and Green Valley Ranch $5 million to settle his debts. But prosecutors said his check to Green Valley Ranch bounced and that he put a stop payment on his check to the Venetian.
He was indicted on four counts each of theft, drawing and passing a check without sufficient funds, and obtaining money under false pretenses. A warrant was issued for his arrest.