{"id":33227,"date":"2021-07-05T15:36:50","date_gmt":"2021-07-05T03:36:50","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=33227"},"modified":"2021-07-05T15:37:46","modified_gmt":"2021-07-05T03:37:46","slug":"alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/","title":{"rendered":"Alleged fraudster moved $8 million of clients\u2019 money through Crown casino"},"content":{"rendered":"

PHOTO: Michael Gu made a series of transfers to Crown casino. <\/span>CREDIT: <\/span>JAMES ALCOCK<\/cite><\/strong><\/p>\n

Embattled gaming giant Crown Resorts has called an immediate inquiry into claims an alleged fugitive corporate fraudster laundered millions of dollars through its Melbourne casino.<\/p>\n

Liquidators investigating the collapse of Michael Gu\u2019s $600 million iProsperity property group found at least $8 million of clients\u2019 funds were moved to Crown Casino via company accounts. Mr Gu then either withdrew the money or used it for gambling.<\/p>\n

Crown\u2019s decision to call an inquiry into the allegations came within hours of\u00a0The Age<\/em>\u00a0and\u00a0The Sydney Morning Herald<\/em>\u00a0sending questions to the casino operator about the suspicious transactions.<\/p>\n

\n

Sources familiar with the transactions said they had the hallmarks of money laundering, which involves a person trying to conceal the illicit origin of money that is stolen or earned via criminality. Passing dirty funds through a casino can make it appear as if they are the product of gambling, concealing their tainted origin.<\/p>\n<\/div>\n

\n

Pressed on why Crown had not reported Mr Gu\u2019s dealings with its Melbourne casino to the ongoing Victorian royal commission on the company\u2019s suitability to hold a casino licence in the state, a spokesman said the matter would be addressed.<\/p>\n

The scramble by Crown to deal with the allegations came after\u00a0The Age<\/em>\u00a0and the\u00a0Herald<\/em>\u00a0confirmed Mr Gu had repeatedly transferred large sums of money from the accounts of property group iProsperity to accounts at Crown.<\/p>\n<\/div>\n

READ MORE VIA THE AGE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PHOTO: Michael Gu made a series of transfers to CrownRead More →<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":33228,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478116799,478116798,478098974,478116797,478100102,478111201,478098513,478098873,478098579,478098510,478098514,478098511,478098509,478116800],"class_list":["entry","author-data123nz","post-33227","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-corporate-fraudster","tag-crown-casino","tag-crown-resorts","tag-fraudster","tag-liquidators","tag-michael-gu","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-news","tag-victorian-royal-commission"],"yoast_head":"\nAlleged fraudster moved $8 million of clients\u2019 money through Crown casino - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alleged fraudster moved $8 million of clients\u2019 money through Crown casino - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Michael Gu made a series of transfers to CrownRead More →\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/\" \/>\n<meta property=\"og:site_name\" content=\"Property News Australia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropertyNoiseNZ\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-05T03:36:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-05T03:37:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/07\/Michael-Gu.jpg?fit=798%2C532&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"798\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Property Noise Group\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:site\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Property Noise Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\\\/\"},\"author\":{\"name\":\"Property Noise Group\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\"},\"headline\":\"Alleged fraudster moved $8 million of clients\u2019 money through Crown casino\",\"datePublished\":\"2021-07-05T03:36:50+00:00\",\"dateModified\":\"2021-07-05T03:37:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\\\/\"},\"wordCount\":257,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/Michael-Gu.jpg\",\"keywords\":[\"australia\",\"Australians\",\"corporate fraudster\",\"Crown casino\",\"Crown Resorts\",\"fraudster\",\"liquidators\",\"Michael Gu\",\"property\",\"property investment\",\"property market\",\"Property News\",\"propertynoise\",\"real estate\",\"Real Estate News\",\"Victorian royal commission\"],\"articleSection\":[\"Australian Property & Real Estate News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\\\/\",\"name\":\"Alleged fraudster moved $8 million of clients\u2019 money through Crown casino - Property News Australia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/Michael-Gu.jpg\",\"datePublished\":\"2021-07-05T03:36:50+00:00\",\"dateModified\":\"2021-07-05T03:37:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\\\/#primaryimage\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/Michael-Gu.jpg\",\"contentUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/Michael-Gu.jpg\",\"width\":798,\"height\":532,\"caption\":\"fraudster\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alleged fraudster moved $8 million of clients\u2019 money through Crown casino\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#website\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\",\"name\":\"Property News Australia\",\"description\":\"Property News | Real Estate News | Australia\",\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\",\"name\":\"The Property Noise Group\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2017\\\/04\\\/Property-Noise-Australia.jpg\",\"contentUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2017\\\/04\\\/Property-Noise-Australia.jpg\",\"width\":1120,\"height\":160,\"caption\":\"The Property Noise Group\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/PropertyNoiseNZ\\\/\",\"https:\\\/\\\/x.com\\\/propertynoisenz\",\"http:\\\/\\\/propertynoisenz\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\",\"name\":\"Property Noise Group\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"caption\":\"Property Noise Group\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Alleged fraudster moved $8 million of clients\u2019 money through Crown casino - Property News Australia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/","og_locale":"en_US","og_type":"article","og_title":"Alleged fraudster moved $8 million of clients\u2019 money through Crown casino - Property News Australia","og_description":"PHOTO: Michael Gu made a series of transfers to CrownRead More →","og_url":"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/","og_site_name":"Property News Australia","article_publisher":"https:\/\/www.facebook.com\/PropertyNoiseNZ\/","article_published_time":"2021-07-05T03:36:50+00:00","article_modified_time":"2021-07-05T03:37:46+00:00","og_image":[{"width":798,"height":532,"url":"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/07\/Michael-Gu.jpg?fit=798%2C532&ssl=1","type":"image\/jpeg"}],"author":"Property Noise Group","twitter_card":"summary_large_image","twitter_creator":"@propertynoisenz","twitter_site":"@propertynoisenz","twitter_misc":{"Written by":"Property Noise Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/#article","isPartOf":{"@id":"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/"},"author":{"name":"Property Noise Group","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/person\/175c8981af50e593000aa8ad7aab9d84"},"headline":"Alleged fraudster moved $8 million of clients\u2019 money through Crown casino","datePublished":"2021-07-05T03:36:50+00:00","dateModified":"2021-07-05T03:37:46+00:00","mainEntityOfPage":{"@id":"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/"},"wordCount":257,"commentCount":0,"publisher":{"@id":"https:\/\/propertynoise.co.nz\/au\/#organization"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/#primaryimage"},"thumbnailUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2021\/07\/Michael-Gu.jpg","keywords":["australia","Australians","corporate fraudster","Crown casino","Crown Resorts","fraudster","liquidators","Michael Gu","property","property investment","property market","Property News","propertynoise","real estate","Real Estate News","Victorian royal commission"],"articleSection":["Australian Property & Real Estate News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/","url":"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/","name":"Alleged fraudster moved $8 million of clients\u2019 money through Crown casino - Property News Australia","isPartOf":{"@id":"https:\/\/propertynoise.co.nz\/au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/#primaryimage"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/#primaryimage"},"thumbnailUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2021\/07\/Michael-Gu.jpg","datePublished":"2021-07-05T03:36:50+00:00","dateModified":"2021-07-05T03:37:46+00:00","breadcrumb":{"@id":"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/#primaryimage","url":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2021\/07\/Michael-Gu.jpg","contentUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2021\/07\/Michael-Gu.jpg","width":798,"height":532,"caption":"fraudster"},{"@type":"BreadcrumbList","@id":"https:\/\/propertynoise.co.nz\/au\/alleged-fraudster-moved-8-million-of-clients-money-through-crown-casino\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/propertynoise.co.nz\/au\/"},{"@type":"ListItem","position":2,"name":"Alleged fraudster moved $8 million of clients\u2019 money through Crown casino"}]},{"@type":"WebSite","@id":"https:\/\/propertynoise.co.nz\/au\/#website","url":"https:\/\/propertynoise.co.nz\/au\/","name":"Property News Australia","description":"Property News | Real Estate News | Australia","publisher":{"@id":"https:\/\/propertynoise.co.nz\/au\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/propertynoise.co.nz\/au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/propertynoise.co.nz\/au\/#organization","name":"The Property Noise Group","url":"https:\/\/propertynoise.co.nz\/au\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/logo\/image\/","url":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/04\/Property-Noise-Australia.jpg","contentUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/04\/Property-Noise-Australia.jpg","width":1120,"height":160,"caption":"The Property Noise Group"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/PropertyNoiseNZ\/","https:\/\/x.com\/propertynoisenz","http:\/\/propertynoisenz"]},{"@type":"Person","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/person\/175c8981af50e593000aa8ad7aab9d84","name":"Property Noise Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","caption":"Property Noise Group"}}]}},"_links":{"self":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/33227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/comments?post=33227"}],"version-history":[{"count":1,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/33227\/revisions"}],"predecessor-version":[{"id":33229,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/33227\/revisions\/33229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/media\/33228"}],"wp:attachment":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/media?parent=33227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/categories?post=33227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/tags?post=33227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}