The Reel Life
3 Jun 2010
According to the Joplin Globe, a Southwest Missouri man was sentenced to five years probation for creating counterfeit poker chips to use in area casinos. William Reece Lancaster, a 50-year-old sign maker, admitted that he took 25-cent poker chips from casinos in Oklahoma and then used a special process to bleach and re-dye them to match $500 poker chips.
And for awhile, the process worked. Assistant U.S. Attorney R. Trent Shores said "flaws in the chips were difficult to see with the naked eye.
But as with a lot of cases, Lancaster got a little too greedy. According to the Globe, "the casino had 200 of the $500 chips in circulation, but Shores said Lancaster tipped his hand by flooding the casino with 140 additional chips of that denomination."
The casino used surveillance tapes to catch Lancaster, who also had to pay restitution of $70,000.
This story provides a valuable lesson, but also raises a question. The lesson: Never screw with a casino. The question: Who the hell has ever heard of 25-cent poker chips?
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