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The Coin
Louis B. Colavecchio (January 1, 1942 – July 6, 2020) was an American casino counterfeiter known as "The Coin". While residing in Rhode Island, Colavecchio defrauded several Atlantic City and Connecticut casinos until his arrest and initial conviction in 1998. He had led a gang which fabricated numerous slot machine coins using hardened steel dies of the originals, and was revealed when casinos began to notice a surplus of coins on their gaming floors. Sentenced to seven years, Colavecchio was released in 2006. He was arrested by the FBI only a few months later after having resumed his activities, and released on a $25,000 surety bond. His counterfeiting equipment was auctioned off on eBay following his arrest, and crimes were the subject of a documentary series ''Breaking Vegas'' from The History Channel, where he was portrayed by Angelo Fierro. Due to the initial success of his crime, casinos have slowly phased out tokens, replacing them with paper vouchers. Today slot mach ...
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Casino
A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment, such as stand-up comedy, concerts, and sports. and usage ''Casino'' is of Italian origin; the root means a house. The term ''casino'' may mean a small country villa, summerhouse, or social club. During the 19th century, ''casino'' came to include other public buildings where pleasurable activities took place; such edifices were usually built on the grounds of a larger Italian villa or palazzo, and were used to host civic town functions, including dancing, gambling, music listening, and sports. Examples in Italy include Villa Farnese and Villa Giulia, and in the US the Newport Casino in Newport, Rhode Island. In modern-day Italian, a is a brothel (also called , literally "closed house"), a mess (confusing situation), or a noisy ...
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Counterfeit
To counterfeit means to imitate something authentic, with the intent to steal, destroy, or replace the original, for use in illegal transactions, or otherwise to deceive individuals into believing that the fake is of equal or greater value than the real thing. Counterfeit products are fakes or unauthorized replicas of the real product. Counterfeit products are often produced with the intent to take advantage of the superior value of the imitated product. The word ''counterfeit'' frequently describes both the forgeries of currency and documents as well as the imitations of items such as clothing, handbags, shoes, pharmaceuticals, automobile parts, unapproved aircraft parts (which have caused many accidents), watches, electronics and electronic parts, software, works of art, toys, and movies. Counterfeit products tend to have fake company logos and brands, which results in patent or trademark infringement in the case of goods. They also have a reputation for being lower quality, ...
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Rhode Island
Rhode Island (, like ''road'') is a U.S. state, state in the New England region of the Northeastern United States. It is the List of U.S. states by area, smallest U.S. state by area and the List of states and territories of the United States by population, seventh-least populous, with slightly fewer than 1.1 million residents 2020 United States census, as of 2020, but it is the List of U.S. states by population density, second-most densely populated after New Jersey. It takes its name from Aquidneck Island, the eponymous island, though most of its land area is on the mainland. Rhode Island borders Connecticut to the west; Massachusetts to the north and east; and the Atlantic Ocean to the south via Rhode Island Sound and Block Island Sound. It also shares a small maritime border with New York (state), New York. Providence, Rhode Island, Providence is its capital and most populous city. Native Americans lived around Narragansett Bay for thousands of years before English settler ...
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Atlantic City
Atlantic City, often known by its initials A.C., is a coastal resort city in Atlantic County, New Jersey, United States. The city is known for its casinos, Boardwalk (entertainment district), boardwalk, and beaches. In 2020 United States census, 2020, the city had a population of 38,497. 0 °C), at least four months with an average mean temperature ≥ 50 °F (≥ 10 °C), at least one month with an average mean temperature ≥ 72 °F (≥ 22 °C) and no significant precipitation difference between seasons. During the summer months in Atlantic City, a cooling afternoon sea breeze is present on most days, but episodes of extreme heat and humidity can occur with heat index values ≥ 95 °F (≥ 35 °C). During the winter months, episodes of extreme cold and wind can occur with wind chill values < 0 °F (< −18 °C). The plant hardiness zone at Atlantic City Beach is 8a with an average annual extreme minimum air temperature of 11  ...
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Connecticut
Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its capital is Hartford and its most populous city is Bridgeport. Historically the state is part of New England as well as the tri-state area with New York and New Jersey. The state is named for the Connecticut River which approximately bisects the state. The word "Connecticut" is derived from various anglicized spellings of "Quinnetuket”, a Mohegan-Pequot word for "long tidal river". Connecticut's first European settlers were Dutchmen who established a small, short-lived settlement called House of Hope in Hartford at the confluence of the Park and Connecticut Rivers. Half of Connecticut was initially claimed by the Dutch colony New Netherland, which included much of the land between the Connecticut and Delaware Rivers, although the firs ...
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Slot Machine
A slot machine (American English), fruit machine (British English) or poker machine (Australian English and New Zealand English) is a gambling machine that creates a game of chance for its customers. Slot machines are also known pejoratively as one-armed bandits because of the large mechanical levers affixed to the sides of early mechanical machines and the games' ability to empty players' pockets and wallets as thieves would. A slot machine's standard layout features a screen displaying three or more reels that "spin" when the game is activated. Some modern slot machines still include a lever as a skeuomorphic design trait to trigger play. However, the mechanics of early machines have been superseded by random number generators, and most are now operated using buttons and touchscreens. Slot machines include one or more currency detectors that validate the form of payment, whether coin, cash, voucher, or token. The machine pays out according to the pattern of symbols display ...
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US Dollar
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equi ...
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Surety Bond
In finance, a surety , surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the ''obligee'') a certain amount if a second party (the ''principal'') fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation. The person or company providing the promise is also known as a "surety" or as a "guarantor". Overview A surety bond is defined as a contract among at least three parties: * the ''obligee'': the party who is the recipient of an obligation * the ''principal'': the primary party who will perform the contractual obligation * the ''surety'': who assures the obligee that the principal can perform the task European surety bonds can be issued by banks and surety companies. I ...
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EBay
eBay Inc. ( ) is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995 and became a notable success story of the dot-com bubble. eBay is a multibillion-dollar business with operations in about 32 countries, as of 2019. The company manages the eBay website, an online auction and shopping website in which people and businesses buy and sell a wide variety of goods and services worldwide. The website is free to use for buyers, but sellers are charged fees for listing items after a limited number of free listings, and an additional or separate fee when those items are sold. In addition to eBay's original auction-style sales, the website has evolved and expanded to include: instant "Buy It Now" shopping; shopping by Universal Product Code, ISBN, or other kind of SKU number (via Half.com, which was shut down in 2017); and othe ...
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Breaking Vegas
''Breaking Vegas'' is a television series that premiered on The History Channel in the United States in 2004. The series covers the great lengths people have gone to make money, sometimes illegally, from casinos. Many episodes have to do with cheats who illegally take money from the casino using sleight-of-hand tricks or some sort of gizmo. Namely, these scams include pastposting and card marking. Other episodes include famous examples of legal money-making techniques such as card counting. Some episodes are about legal strategies like winning at the craps table by throwing at certain angles using a certain grip with certain numbers at the top, or taking advantage of a worn-out ball bearing and a thus tilted roulette wheel. The series was inspired by the two-hour History Channel movie entitled ''Breaking Vegas: The True Story of the MIT Blackjack Team'', written and directed by Bruce David Klein and produced by Atlas Media Corp. The episode "Professor Blackjack" is about MIT pro ...
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History (U
History (derived ) is the systematic study and the documentation of the human activity. The time period of event before the invention of writing systems is considered prehistory. "History" is an umbrella term comprising past events as well as the memory, discovery, collection, organization, presentation, and interpretation of these events. Historians seek knowledge of the past using historical sources such as written documents, oral accounts, art and material artifacts, and ecological markers. History is not complete and still has debatable mysteries. History is also an academic discipline which uses narrative to describe, examine, question, and analyze past events, and investigate their patterns of cause and effect. Historians often debate which narrative best explains an event, as well as the significance of different causes and effects. Historians also debate the nature of history as an end in itself, as well as its usefulness to give perspective on the problems of the p ...
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Angelo Fierro
Angelo Fierro is an American film and television actor. Fierro, an Italian-American of Sicilian ancestry, was born in Boston's Little Italy, the North End. He first appeared on network television in an automobile commercial for Toyota. Extolled for his menacing looks, his portrayal of the villain has since been quite frequent. Surprisingly adept at comedy, he also has appeared at Stand Up New York comedy club. He starred on the TV series ''Breaking Vegas'' as the real-life counterfeiter, Louis Colavecchio,1. Peter Thompson (January 17, 2005) "Casino cheat channeled at Nugget." ''The Nevada Appeal''. and had a recurring role as the Russian mobster, Vladimir, on the TV series ''Ocean Ave.'', starring Victoria Jackson and Megan Fox. He also appeared in the movies '' Señorita Justice'' as Carlos Rios, with Eva Longoria and ''Final Engagement'' as gangster John Knight, with Peter Greene. He has made guest appearances on TV shows such as the ''Michael Jackson Trial'' and ''Untold Stor ...
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