"We are not aware of any other cases of this magnitude"

A fired card dealer accused of leading a crew that swindled casinos out of $7 million has pleaded guilty to multiple charges in what federal prosecutors called one of largest cheating schemes ever broken up.

Phuong Quoc Truong, nicknamed Pai Gow John, ran the San Diego-based operation. The 42-year-old pleaded guilty Wednesday to racketeering conspiracy and theft charges.

The ring bribed casino supervisors and card dealers and used blocks of unshuffled cards.

Prosecutors say members of the crew would signal a card dealer to do a false shuffle and then bet on the known order of the cards. Read more