Man Indicted for Owing Casinos $12.9 Million - 8 News NOW

Man Indicted for Owing Casinos $12.9 Million

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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.

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