We now have a complete topography of the scam in question.
1. The house is rented, area called “the bird streets” in the Los Angeles hills. Owner of the house is a French-Moroccan, who lives in Aix-en-Provence. He’s barely in LA, and has handed over management of the home to a “luxury rental management group” based in Beverly Hills.
2. The rental management company is owned by two Armenian brothers; they have about 20 properties in their portfolio, half of which are rented out either short term, and at least three of which have regular poker games run by different individuals.
3. This particular house was rented out by the perpetrators starting Feb 1, 2021. 6 month lease with an option to renew, $85,000 a month. The tech was bought and installed in mid-February. Training of key personnel and testing of the tech happened for most of the rest of the month and the first couple of weeks of March.
4. The first game was held Saturday, March 13. Single mark, brought it from one of the other high roller games through a girl he liked. Real estate guy, known for loose play. Historically known to have major swings weekly in poker — hundreds of thousands of dollars. The kinda guy that raises 20BB pre-flop with 45s out of position.
5. The game continued without issue every Saturday — usually with 1-3 marks at the table, but at a measured place, with lots of alcohol flowing. Until May 22, which was my Saturday.
6. We have been able to identify 6 of the marks so far.
7. To
@TheDuke ‘s question above, if the cut didn’t happen exactly as it needed to, the game continued as usual. They would just try again a few hands later. As long as there was money on the table, everything was in “escrow”. The house players were given unlimited chips to play with, so if they did get a bad beat in the normal course of the game, they just replenished. None of it mattered as long as the marks ended up losing by the end of the night.
P.S. The girl who brought me into the game texted me yesterday to let me know their game has been “cancelled” for tonight, but she’s working another game downtown, if I’m interested. Part of me is intrigued.