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Julieann Coyne Wasson

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May 29, 1990 | GLENN F. BUNTING
After raking in millions of dollars in casino profits over the past five years, three original investors in the Bicycle Club now say they are struggling to pay mounting debts. In an attempt to recover their monthly dividends of $300,000 apiece, the partners filed court affidavits last month asking a federal judge to reverse his order seizing the club's profits. The action followed convictions in a separate drug money laundering trial that did not involve the investors.
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NEWS
May 29, 1990 | GLENN F. BUNTING
After raking in millions of dollars in casino profits over the past five years, three original investors in the Bicycle Club now say they are struggling to pay mounting debts. In an attempt to recover their monthly dividends of $300,000 apiece, the partners filed court affidavits last month asking a federal judge to reverse his order seizing the club's profits. The action followed convictions in a separate drug money laundering trial that did not involve the investors.
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NEWS
May 29, 1990 | GLENN F. BUNTING, TIMES STAFF WRITER
When former California Assemblyman David Pierson set out seven years ago to finance construction of the world's largest card casino, he and two associates put up a total of $10,000 with hopes of someday turning a tidy profit. Instead, they became sudden multimillionaires. Since 1985, financial records show, the Bicycle Club in Bell Gardens has produced more than $50 million in profits for the three investors and their limited partners.
NEWS
May 29, 1990 | GLENN F. BUNTING, TIMES STAFF WRITER
When former California Assemblyman David Pierson set out seven years ago to finance construction of the world's largest card casino, he and two associates put up a total of $10,000 with hopes of someday turning a tidy profit. Instead, they became sudden multimillionaires. Since 1985, financial records show, the Bicycle Club in Bell Gardens has produced more than $50 million in profits for the three investors and their limited partners.
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