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 :
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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.