No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Darren Thompson gambles away investors money
Sunday July 21,2013 : BRIT ACCOUNTANT GAMBLED AWAY INVESTORS' MONEY
Defendant claimed he had a successful betting system, Court hears.
The Canterbury Crown Court in England heard this week that a 40-year-old accountant who earned GBP 150,000 a year working in the City, had defrauded investors of GBP 3 million, most of which was spent on a rich live-style and internet football betting.
Chartered accountant Darren Thompson (40) gambled investors’ money by betting on the outcome of football matches on the Internet. The court was told that he initially enjoyed success with what he claimed was a lucrative gambling system....but as he drew more and more investors into his European Football Growth Fund scheme, losses started to build, and he became desperate for more investment money.
He produced a glossy brochure containing false information about the levels of return, enticing even more people to part with their cash in a losing system, which prosecutor Stuart Biggs characterised as "...nothing more than a money-making scam."
Thompson pulled in 100 investors, including his own mother, who lost GBP 50,000; his wife's family, which lost GBP 300,000; and a woman who invested GBP 200,000.
Thompson pleaded guilty to the charges, admitting that he had spent a significant amount of the money on a lavish lifestyle, buying expensive cars, a Las Vegas wedding and numerous trips abroad and had also spent GBP 947,000 building up a property portfolio.
Thompson's lawyer said his client had believed that his system, originally devised for exclusive use by himself, was workable.
"Friends became interested in it and it was going well," the lawyer said. "The upshot was that Thompson began to believe in himself and his ability to win and make money and others joined him. Thompson fully believed in the viability of his system but at the beginning of 2007 problems began.
“Until he misled them with the brochures all the investors knew that he was betting with their money and that chance was a factor.”
Sentencing Thompson to jail for four years and eight months, presiding judge Heather Norton told Thompson: “No doubt your investors were reassured by your background in football and investment and no doubt too by the glossy brochures which you provided. Tragically - as far as your investors were concerned - by the start of 2007 you could have been in no doubt at all that this scheme wasn’t working.”
Judge Norton said the system produced a loss every year from 2004-10, when the brochures cllaimed it was returning profits.
Investigating officer Detective Stuart Champion said: “Thompson abused the trust placed in him by some of his closest friends and investors.
"He provided them with fake data and drew up complex documents such as an executive summary and prospectus to win them over and convince them to put their money in.
"Some of their money was invested into bets but they were never successful as Thompson never made a profit during the time he ran the syndicate.
"The rest of the GBP 3 million raised was spent by Thompson on holidays, his wedding and expensive cars while some of his investors struggled to make ends meet as a result.”
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.