Arrest made in $1.5M Bellagio casino chip heist

LAS VEGAS — Police have arrested a 29-year-old Las Vegas man in a brazen armed robbery of $1.5 million in casino chips from the posh Bellagio resort on the Las Vegas Strip.



Anthony M. Carleo was being held Thursday at the Clark County jail pending a Friday court appearance on felony armed robbery and burglary charges.
Las Vegas police say Carleo was the motorcycle-helmeted robber who waved a gun, grabbed high-value casino chips and made off on a motorcycle before dawn Dec. 14. No shots were fired and no one was hurt. Police said then that they thought the same man robbed the Suncoast casino in northwest Las Vegas early Dec. 8.


But stealing $1.5 million in chips isn't like stealing $1.5 million, experts and police pointed out at the time. Chips are unique to casino properties and are generally not interchangeable, although state regulations let casino companies redeem sister properties' chips with some restrictions.


After the heist, Bellagio announced plans to discontinue the casino's $25,000 chips in April, setting a deadline for the thief to try to use them. Police weren't saying early Thursday whether the suspect tried to redeem the chips — which ranged from $100 to $25,000 — before he was arrested.


Reports are that Carleo is the son of a Las Vegas Municipal Court judge.


Bellagio officials wouldn't say whether MGM Resorts properties are among Las Vegas casinos that embed radio frequency devices inside the tokens.
Police say it took less than three minutes for the robber to pull off the heist.
The bandit entered a casino entrance from Flamingo Road, strode fewer than 500 feet to a craps table, brandished the handgun at the 10 to 12 patrons and three or four dealers with chips piled on the green felt, scooped up the loot and ran.


Casino security officers didn't confront the robber, but a ceiling security video camera followed his path out the door. Morgan said a 911 call was placed to police while the man was still in the casino. He was gone by the time police arrived.

Kind of figured this would happen.

I thought that once word got out of the heist, every casino would be aware of possible cash in of said chips.

Casinos compete with each other, but they work together to stop crooks that is for sure.

RobFunk said:

Kind of figured this would happen.

I thought that once word got out of the heist, every casino would be aware of possible cash in of said chips.

Casinos compete with each other, but they work together to stop crooks that is for sure.

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Agree Rob, it was only a matter of time.

The best thing this kid could have done was just Stuck it up and bury the chips in the Desert.
Even though they won't say, he probably took a shot .... maybe even got someones help in Cashing them...and they turned Rat

How did they find him? How did they know he was the suspect? What was the investigation leading to the arrest?

Betallsports said:

Agree Rob, it was only a matter of time.

The best thing this kid could have done was just Stuck it up and bury the chips in the Desert.
Even though they won't say, he probably took a shot .... maybe even got someones help in Cashing them...and they turned Rat

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Yep, it seemed this case went Cold. I'd bet this guy did something stupid ( like try to cash chips) and got caught that way. Sit on it and shut up, destroy the chips, I think you get away with it and avoid prison. If they didn't have evidence then something must have happened like the guy trying to cash chips or get help doing so.

The guy caught himself.....

Anthony Michael Carleo, 29, also known as Anthony Assad, was arrested after he met undercover officers to sell high-value chips taken in the heist, law enforcement sources said. He is the son of Las Vegas Municipal Court Judge George Assad.

Doug said:

The guy caught himself.....

Anthony Michael Carleo, 29, also known as Anthony Assad, was arrested after he met undercover officers to sell high-value chips taken in the heist, law enforcement sources said. He is the son of Las Vegas Municipal Court Judge George Assad.

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@sshole ....hno:

You can read the article at LV review journal site, they get anal about people posting their copyrighted stuff for some reason.

Just as though, though.

Shut up and destroy the chips and you got away with a serious felony ( and I'm sure cashed in the black chips), try to cash them and you go to prison....

This might be the dumbest crime in history.

Risk 20+ years for = $0 in cash. Priceless.

Idiot deserves to be in jail for being so stupid.

I doubt he gets 20+ years, didn't kill anybody or such. Maybe 10 and out in 3. Daddy probably knows some good lawyers too.

Damn Craigslist.... haha

trying to sell the 25k chips was his downfall.

LAS VEGAS – The man accused of holding up a posh Las Vegas Strip casino was living large after the heist, gambling away hundreds of thousands of dollars, until he got caught trying to hawk his stolen chips online to poker players, authorities say.
Anthony M. Carleo, the bankrupt son of a Las Vegas judge, was arrested this week on allegations that he ran out of the Bellagio hotel-casino with $1.5 million in chips during a gunpoint heist Dec. 14.
An arrest report for the helmeted bandit says Carleo lost about $105,000 at the resort over the next month — including $73,000 on New Year's Eve. He stayed at least one week at the resort in late January, enjoying meals, drinks and rooms furnished by the casino.
"He likes to gamble," Las Vegas police Lt. Ray Steiber said as he described for reporters how Carleo, 29, was nabbed late Wednesday on the same casino floor from where the chips came.
Carleo wasn't armed and offered no resistance when he was taken into custody.
Police recovered $900,000 in chips of different types — the ones stolen ranged from $100 to $25,000 — and can account for $1.2 million, Steiber said.
He said police were still looking for the black motorcycle they say Carleo used to make his pre-dawn getaway. Steiber wouldn't say whether police still believe the same man robbed the Suncoast casino in northwest Las Vegas at gunpoint early Dec. 8, although police previously said the same person was suspected in both heists.
According to the arrest report, Carleo's downfall came after he tried to broker sales of the highest value chips of $25,000 through a well-known Web forum for poker players.
Using the handle "Oceanspray 25" — a reference to the beverage company because $25,000 chips are known to gamblers as "cranberries" for their color — Carleo traded e-mails and phone calls with another user who eventually led him to police, the arrest report said.
It said Carleo sold five $25,000 chips to an undercover officer, and told him he had robbed the Bellagio.
Carleo's father, Las Vegas Municipal Court Judge George Assad, issued a statement saying he and his family were "devastated and heartbroken to see my son arrested under these circumstances."
Assad said that as a working judge, he couldn't comment about "any pending legal matter as it relates to anyone, including my son."
"I can say that as a prosecutor and a judge, I have always felt people who break the law need to be held accountable," he added.
Jail records showed Carleo was being held under the name Anthony M. Assad. The name was also used in Carleo's bankruptcy filing.
Carleo is a former real estate broker and student who declared bankruptcy in Colorado in May 2009. On his bankruptcy filing, he listed among his personal belongings a .40-caliber Taurus pistol.
His bankruptcy filing said Carleo received at least $19,000 from his father over a three year period, but owed nearly $188,000 in debts. The case was closed seven months later, and the firm that represented him in that case said Thursday that it was not currently representing him.
It wasn't immediately clear whether Carleo had a lawyer.
Voting records in 2010 showed that Carleo lived at the same address as his father in Las Vegas.
His bail was set at $15,000 on felony armed robbery and burglary charges. Court spokeswoman Mary Ann Price said he was due Monday for an initial appearance in Las Vegas Justice Court.
Carleo won't be required to appear when a judge reviews the charges against him on Friday, Price said.
A police statement early Thursday said Carleo would face a drug trafficking charge. But Steiber said that officials decided not to seek that charge, but he did not specify why.
Experts and police noted after the heist that stealing $1.5 million in chips isn't like stealing $1.5 million in cash.
Chips are unique to casino properties and are generally not interchangeable, although state regulations let casino companies redeem sister properties' chips with some restrictions.
Bellagio has since replaced its $25,000 chips and announced plans to discontinue in April those designed like the ones stolen, setting a deadline for the thief to try to use them.
Steiber said investigators followed numerous tips in the case, and on Dec. 23 interviewed a Salvation Army bell ringer who tried to cash a $25,000 Bellagio chip. He told police that a man he didn't know put the chip in his pocket while he was manning a charity collection bucket.
Bellagio officials would not say whether MGM Resorts International properties, which include the posh hotel-casino on the Strip known for its fountains, are among Las Vegas casinos that embed radio frequency devices inside the tokens.
Police said it took less than three minutes for the robber to pull off the heist.
He entered the casino from Flamingo Road, strode fewer than 500 feet to a craps table, brandished the handgun at the 10 to 12 patrons and three or four dealers with chips piled on the green felt, scooped up the loot and ran.
Casino security officers didn't confront the robber, but a ceiling security video camera followed his path out the door. Police say a 911 call was placed to police while the man was still in the casino.
He was gone by the time police arrived

how is his bail only 15k, and how did he blow through 100k in a week after the robbery....sure sounds like he was able to cash in some of the chips.

Here's the arrest report. A little long but good reading...

http://media.lasvegassun.com/media/pdfs/blogs/documents/2011/02/03/carleo0203.pdf

Put one in the bell ringers pocket.Hey,gotta love that....or maybe he was just using this as test,if he was then he should have known better.Either way this guy wasn't too smart about this whole deal.Too casual like he was invincible or something.Probably on some good stuff.....

Scoops said:

Put one in the bell ringers pocket.Hey,gotta love that....or maybe he was just using this as test,if he was then he should have known better.Either way this guy wasn't too smart about this whole deal.Too casual like he was invincible or something.Probably on some good stuff.....

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Apparently he was hooked and strung out on Oxycontin.

texansfan said:

Apparently he was hooked and strung out on Oxycontin.

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That makes sense.

texansfan said:

Here's the arrest report. A little long but good reading...

http://media.lasvegassun.com/media/pdfs/blogs/documents/2011/02/03/carleo0203.pdf

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a little long....it's a book !

Doug said:

a little long....it's a book !

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It's interesting though, at least imo it is.