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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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CALIFORNIA | LOCAL
August 22, 1991 | TINA GRIEGO, TIMES STAFF WRITER
The federal government has become part owner of the most valuable asset ever seized under racketeering forfeiture laws--a Bell Gardens card casino that takes in $275,000 a day. After a federal court ruling and a series of out-of-court settlements, the government now owns about 30% of the Bicycle Club--a card casino whose biggest owners once earned more than $100,000 a month from the club's profits.
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CALIFORNIA | LOCAL
August 22, 1991 | TINA GRIEGO, TIMES STAFF WRITER
The federal government has become part owner of the most valuable asset ever seized under racketeering forfeiture laws--a Bell Gardens card casino that takes in $275,000 a day. After a federal court ruling and a series of out-of-court settlements, the government now owns about 30% of the Bicycle Club--a card casino whose biggest owners once earned more than $100,000 a month from the club's profits.
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
October 4, 1990 | TINA GRIEGO, TIMES STAFF WRITER
Poker magnate and Bicycle Club general manager George G. Hardie and the partners in his corporation have been cleared by federal authorities of wrongdoing in a racketeering and money laundering scheme in which $12 million in drug profits was invested in the giant card club.
NEWS
May 27, 1990 | TINA GRIEGO, TIMES STAFF WRITER
A federal judge last week signed an order allowing Bicycle Club General Manager George Hardie and the partners in his corporation to receive their share of the millions of dollars in profits that have been withheld from them since early April when federal authorities seized the club.
NEWS
April 22, 1990 | TINA GRIEGO, TIMES STAFF WRITER
A federal judge in Florida is scheduled to start the first of a series of hearings Friday to determine how many of the investors in the Bicycle Club knew that profits from a marijuana smuggling ring were invested in the club. The judge is expected to decide eventually whether any of the club's 31 investors will be required to forfeit their interests, and who ultimately will control the club.
NEWS
April 8, 1990 | TINA GRIEGO, TIMES STAFF WRITER
When George Graham Hardie first came to Bell Gardens with lofty plans to build the world's largest card club, some residents dourly predicted that a gambling palace would bring about the moral disintegration of the community. Now, at least one doomsayer is saying, "I told you so." Federal authorities seized the club last week, after four men were convicted of a complex racketeering scheme that involved investing drug-smuggling profits in several ventures, including the club.
CALIFORNIA | LOCAL
April 5, 1990 | TINA GRIEGO, TIMES STAFF WRITER
Federal authorities have seized the Bicycle Club, a Bell Gardens card parlor that is advertised as the largest card casino in the world, after several individuals were found guilty of investing drug money in the club. The club, which brings in about $100 million a year on several versions of poker and popular Chinese card games, will remain open, but has temporarily been placed under the control of Bell Gardens officials.
NEWS
June 27, 1994 | JEFFREY L. RABIN, TIMES STAFF WRITER
The U.S. government owns a controlling interest in a neon-splashed casino hard by the Long Beach Freeway that has reaped an estimated $25 million in gambling profits for federal agencies--and a wealth of embarrassment. After seizing the Bicycle Club Casino four years ago in a drug money laundering case, the government quickly found itself investigating alleged criminal activity inside a business it partially owned. While one arm of the U.S.
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