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Con Man Uses Comped Chips to Beat the House

050310oceans11.jpg Brooklyn native Seyit Ibrahim Yel has allegedly conned casinos across the country out of over $500,000 by using comped chips to bet at the blackjack table. However, no one has been able to sue him because he is nowhere to be found. Yel and a group of other con men somehow tricked casinos into thinking he was a 35-year-old businessman named Mustafa Seda, and within weeks of beginning a gambling spree in 2008 he was traveling on private jets and staying in complimentary suites paid for by big casinos.

The 24-year-old was also allegedly given "marker loans" by the casinos, a sort of credit used by casinos that must be repaid before leaving. However, Yel would either lose the markers or have others cash them in. For example, on March 21, 2008, Trump Taj Mahal in AC gave him $150,000 in credit, and he left with $114,900. One source told the Post, "This is organized crime. [Yel] was the one who everything flowed through, but it was run by other guys. At least half of what the casinos fronted him would go to someone else."

Yel was actually busted for stealing gasoline in 2008, and authorities revealed in court that he was wanted for rip-offs in Atlantic City and Vegas, and should be held without bail. However, the arrest warrants were for "Mustafa Seda," so Yel posted his $3,500 and escaped to Abu Dhabi.

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Comments [rss]

  • theLtrain

    Brooklyn keep on taking it.

  • whirlybird

    abu dhabi is where garfield the cat used to try and send his friend nermal

  • Papercutninja

    i always thought that nermal was a girl. turns out, it was a boy.

  • Oh man those poor casinos! Wait, casinos are traps predicated on the inability of the human brain to really grok statistics. I don't even slightly care. Maybe they can cozy up with Goldman & Sachs & have a stiff cry.

  • Mr Mel

    He was last seen in NYC yesterday, at the UN, telling people he is Mahmoud Ahmadinejad and trying to get a couple of Chinese guys to a front crap game.

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