Posted in Business

Pensacola Beach residents have assets seized for illegal gambling operations in Okaloosa

   November 10, 2015

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The Fort Walton Beach Daily News reports the Internal Revenue Service has seized more than $500,000 from the bank accounts of Larry and Dixie Masino, owners of Racetrack Bingo in Fort Walton Beach. The funds are seized because investigators claim in documents filed in federal court in Pensacola that they were from illegal gambling and “derived from proceeds traceable to violations” that include fraud, mail fraud and money laundering.

Read IRS seizes money from Racetrack Bingo owners.

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Author: Rick Outzen

Rick Outzen is the publisher/owner of Pensacola Inweekly. He has been profiled in The New York Times and featured in several True Crime documentaries. Rick also is the author of the award-winning Walker Holmes thrillers. His latest nonfiction book is “Right Idea, Right Time: The Fight for Pensacola’s Maritime Park.”
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