Vegas High-Roller DeSage: I'm Not Guilty of Fraud

By: AP Email
By: AP Email

LAS VEGAS (AP) - High-rolling Las Vegas businessman and two of his employees have pleaded not guilty to felony charges stemming from a massive fraud scheme.

The Las Vegas Review-Journal reports 63-year-old Ramon DeSage entered his plea in U.S. District Court on Wednesday along with his 61-year-old accountant, Peter Akaragian of Southern California, and his 43-year-old bookkeeper, Gary Parkinson of Las Vegas.

DeSage was charged last week in a superseding federal indictment that added dozens of felony counts in what prosecutors say was a scheme to defraud investors of roughly $190 million.

Prosecutors say DeSage is a Lebanese-born entrepreneur with both business and gambling ties to Las Vegas casinos. He's accused of using his companies including Cadeau Express, Beryt and Merits Incentives to defraud investors.


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