Suspected loan shark targeted high rollers at Everett casino, prosecutors say

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Moving among high rollers at the Encore Boston Harbor casino in Everett, Kimanh T. Le was willing to help any player mired in a losing streak, but not as an act of charity, prosecutors say.

According to prosecutors, the Quincy woman would sneak up on the losing player, rummage through her purse, and hand over a wad of cash — or possibly casino chips — after the player agreed to pay up to 10% per week in interest on the loan.

Le, 50, was arrested on April 10 at the casino and now faces multiple charges of usury in Suffolk Superior Court. She pleaded not guilty to the charges and was released on a recognizance, according to court records.

His lawyer, Andrew Stockwell-Alpert, said on Tuesday that he had just been appointed to represent Le and could not discuss the allegations. Encore Boston Harbor officials declined to comment.

According to the state attorney general’s office, Le first came to the attention of state police assigned to the Gaming Enforcement Division in January 2020.

“Repeatedly, investigators observed Kimanh Le taking money from a large packet inside her purse and handing it directly to other customers, who then immediately used the money to purchase from one of the high limit tables,” prosecutors wrote in court documents. .

Video footage also showed Le “collecting tokens/money from players – sometimes shortly after she gave them tokens/money to play with – in accordance with her cashback collection for prior loans,” prosecutors wrote.

In the months that followed, police watched Le closely, followed her with GPS surveillance, reviewed casino surveillance video, reviewed bank statements and spoke to those she had had dealings with. relationships, prosecutors wrote. Among them was someone who prosecutors say grew close to Le after meeting her in the “high limits” section of the casino and began cooperating with investigators last summer, prosecutors wrote. .

The person, identified as a “cooperating source” in court filings, described the terms of Le’s loans, prosecutors wrote.

“Kimanh Le told CS that she would give him 5% interest on any loan amount under $10,000,” they wrote. “If he is able to repay the loan within 24 hours, otherwise the going rate would be 10% per week.”

On nine occasions since July, the cooperating source allegedly made nine transactions with Le, totaling some $78,000, according to prosecutors. The interest rate was 10% but was later lowered to 5% and 6% on most loans, records show.

“Kimanh Le acts as an underground financial institution, maintaining an active player loan clientele, largely made up of individuals from the Asian American community,” prosecutors allege.


John R. Ellement can be contacted at [email protected] Follow him on Twitter @JREbosglobe.

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