A will be taking for allowing a big time con artist to gamble with stolen money. The plaintiff is seeking damages, alleging that Wynn did not conduct adequate due diligence into the player in question. James Bay: Wynn Did Not Fulfill Its Due Diligence Responsibilities The plaintiff in the case is , which allowed , a notorious conman, to gamble millions at its casinos in Las Vegas.
For context, Bunevacz was accused of inducing James Bay Resources to invest some in what later turned out to be a fraudulent scheme. The Canadian company, which specializes in natural resources, later understood that the man had gambled the money away. James Bay Resources was not the man’s only victim, according to the lawsuit.
Bunevacz is a former decathlete star who set a university record for javelin throw at UCLA and later represented the Philippines at several events, once coming close to beating the Philippine javelin record. The man eventually gained notoriety for his involvement in illicit activities. In 2022, he pleaded guilty to one count of securities fraud and one count of wire fraud, and was sentenced to 17 years and 6 months in federal prison.
The Department of Justice believes that Bunevacz has defrauded investors out of over the years. Further data alleges that . Bunevacz also spent some of the money on a luxurious house in Calabasas, trips to Las Vegas and various luxurious items.
Wynn Could Have Prevented the Fraud In its lawsuit, James Bay Resources alleged that Wynn Resorts had.