Louis “The Coin” Colavecchio

Do you ever imagine what life is like as an outlaw conman? Well, many people have been down that dirty road and their stories are easy to come by. The lives of the infamous have always been an interest to most people. They lead such interesting lives after all. This article focuses on one of the most infamous counterfeiters and casino conmen, Louis “The Coin” Colavecchio. He was born in 1942, and he is still alive today presently. Louis “The Coin” Calavecchio got his infamous nature started out of Rhode Island. He was living there in the small northeastern state while he reined supreme in his counterfeiting days. Louis was eventually caught and imprisoned. This article gives his story for entertainment purposes only. Do not try anything you read here because it is highly illegal and some would say it is also immoral. Instead of doing it yourself, take a trip down someone else’s trail. Stand in the shoes of Louis “The Coin” Colavecchio, and enjoy your journey.

Louis “The Coin” Colavecchio’s Counterfeiting Career

The infamous man who is the focal point of our discussion today had led quite a life of scamming and conterfeiting casinos from his home base in Rhode Island. He lived there with his sister and her two sons, who were active in the marines. They had no idea what the almost lovable, often affable man was capable of in his spare time. In fact, he scammed casinos as far and wide as Connecticut and others in Atlantic City, New Jersey. He was eventually caught and convicted for his dirty deeds in 1998, after a serious caper.

For his time, Louis had one of the most impressive rings of counterfeit operations to date. How did he do it? Put your pencils down, folks. The methods he used are so ridiculous that casinos will easily catch anyone who attempts them. He used homemade coins to trick the slot machines into playing free games. It seems like an ellaborate opperation for one man, right? Well, he didn’t work by himself, so the opperation was much more achievable. It wasn’t a small crew, either. In fact, Louis led an entire gang of individuals who were well adapted to the ins and outs of the casinos. Actually, some of the gang members were previous casino workers, so they especially knew how things worked behind the scenes.

The gang stayed below the radar. They tried to stay that way, at least. It was difficult when they would get noticed at the places of their previous employment. They tried to avoid this by switching up the casinos they hit. They would pass along information to other gang members using code words and secret body language.

His Arrest, Imprisonment and Afterlife

Louis “The Coin” Colavecchio was finally caught and arrested. He was convicted for his deeds in 1998. The cop who caught Louis was actually one he had known. In fact, he was from Louis’ high school. They had never known each other, however, the coincidence is startling.

How was Louis caught? Did his gang give him up? No. Louis and his gang remained loyal to eachother to the end. He always remained the leader, and they listened to his every word. Apparently, Louis had some very powerful speeches that he would give to the members of his party. However good they were at fabricating the hardened steel coins for use in the slot machines, the gang eventually fowled up. The casinos were catching on to their technique. They noticed a surplus of the coins building up in their supply. They also noticed some of these counterfeit coins on the floor of the casinos. This set off alarms throught casino networks. The casinos pulled together their strengths and arms to find the culprits responsible. The invent of high speed cameras made this fairly simple. They waited for the gang to strike again, and they sprang the trap on Louis and his gang. The Coin was caught before he flipped to his lucky side.

More Information About The Coin

Louis “The Coin” Colavecchio was caught and sentenced to seven years in prison for his acts against the casinos. The gang got less time overall. Louis was out of prison in 2006. He was so bold and sure of his tactful nature that Louis tried again to take from the casinos. He was caught shortly after his release from prison the first time for similar acts. This time he was released on a bale of $25,000.

The equipment Louis used for his counterfeiting procedures was made famous by his acts. It was not very useful at the time, but it was quite popular since it was made famous, so it was auctioned on the bidding site eBay. The counterfeiting equipment was bought by a historian and collector of similar devices. The story of Louis “The Coin” Colavecchio was actually so popular that the History Channel made a documentary about him, called Breaking Vegas.

The counterfeit jobs described here were among many that used fake coins. These types of scams are why casinos have over time phased out the use of physical tokens in their slot machines. It was too easy for more people to copy this crime, so casinos thought to do away with the old style machines. They brought in a new breed of slot machines that were much easier to monitor. The newer style uses paper vouchers. The paper voucher type are much harder to scam. They don’t take coins like their previous counterparts. Instead, they take cards or paper vouchers. They don’t dispense coins either. They typically dispense what they take in, either cards of vouchers. It’s much, much harder to scam these types of machines. This is why anyone who scams casinos usually stays away from slot machines. Slot machines are highly monitored and easily noticeable when they are scammed.

Louis claims that he has a novel in progress. When it will come out is not yet known, however, he is a minor celebrity since his crimes. The documentary also made him this minor celebrity. When the novel comes out it will surely receive some praise and much criticism. There are photos available online of Louis’s counterfeiting process. The information is easily accessible because not many casinos use these types of machines any more. It is more of a historical study now. The photos were taken by police, and they are easily found through Louis’s Wikipedia page. Louis has returned to Rhode Island recently, and plans to write the end of his novel there.