Laundering money through commodity futures

[Perry E. Metzger]

joshua geller says:
> there was a popular song in the (1910's? 1920's?) called 'the man who
> broke the bank at monte carlo' and I do recall reading (in a book of
> sports records of all places) that this was based on the exploits of a
> real guy (the reason the tale appeared in a book of sports records was
> because of the level of endurance the guy showed; he stayed at the table
> 18 - 24 hours a day while he was gambling). I don't recall any of the 
> particulars, or how much he took from the casino (and was it roulette or
> baccarat?), or even his name but I am pretty sure this was a true story.

Short of actual references, this remains an urban legend. Even if
demonstrated, it doesn't necessarily mean anything about the practical
application of doubling and similar strategies.

Perry