Gambling addict steals $6 million of client funds to fund his gambling addiction

[7788bitcoin]

A gambling addict who was a manager at AMP, confessed to the police that he stole over $6 million of client funds to continue his gambling addiction which only became worse in the long run.

This is the worst situation you  can encounter when some wacky idiot with gambling addiction becomes a manager and they were not able to identify the clients funds were swindled off till it reaches a really multiple millions of dollars and the damage is really huge for the company to put some irresponsible idiot as the manager. Gambling addiction is a serious issue if you are not getting help as soon as you start burning off your bank balance and if there is no control then you would end up in jail.

[seoincorporation]

The only winner was the casino who get the $6M from this gambling addict. In theory if people get scammed isn't the casino fault and they are not obligated to refund the users. But we are talking about people losing a big amount of money. And for sure this will give a negative trust for that casino, maybe it isn't their fault but they should detect and stop this scammer. 

[Latviand]

I've always considered gambling addiction an affliction that is much worse than substance addiction. Whereas you have a limit to how much you can slam into your body and whereas your finances are depleted for the substances, there is only so much damage that you can do in one moment with substance addiction unless you're dying from it.

Addiction is still an addiction, no matter what kind it is. Once you are really into a certain activities, then you will really push yourself to do that no matter what happens. For me, IMO, substance addiction is much worse, it can cost lives once people are not knowledgeable about it, while in gambling addiction, you can overcome it once you control yourself and you have someone to guide you in order to limit yourself from doing it. Gambling addiction is not that easy to avoid, that's why you should do it little by little.

Problem gamblers, though... I bet their stakes go up in correlation with their external wealth, and there's no stopping it. It's pretty difficult to spend 30K on heroin in one day, but to spend 30K on a couple bets in a casino in a few minutes? You basically get rid of the buffer zone for any regret. Everything can happen instantly, and if you find yourself stealing from others to gamble... you get situations like this.

If someone will do anything just to steal money and spend it in gambling then he should be accountable on the consequences that may come to him. That's very unfair, you are using money that isn't yours. It is true that it is easy to spend money in gambling because the circulation of money there is extremely fast. You just place your bet and BOOM! the results are there. I encourage you not to do gambling if you don't have your own budget to spend.

[JohnBitCo]

A gambling addict who was a manager at AMP, confessed to the police that he stole over $6 million of client funds to continue his gambling addiction which only became worse in the long run.

This is the worst situation you  can encounter when some wacky idiot with gambling addiction becomes a manager and they were not able to identify the clients funds were swindled off till it reaches a really multiple millions of dollars and the damage is really huge for the company to put some irresponsible idiot as the manager. Gambling addiction is a serious issue if you are not getting help as soon as you start burning off your bank balance and if there is no control then you would end up in jail.

Almost most of the people who play gambling are addicted in one way or the other. Some are less addicted and some are over addicted and their addiction can cause them to big loss or even their lives. People who are addicted, does not see what is right or wrong and they can cross any limit to play gambling.

[coinfinger]

Gambling addiction is real and harsh but stealing money to fund it is not right, please ask for help and don’t steal like he did.

Hey, this must be really a needing story for this time because I'm seeing a lot of people are severely getting addicted due to isolation times against covid19 spread. I am afraid already two of my friends got addicted to gambling up to the worst level of what we could imagine about gambling addiction. They have already started begging money for their gambling and I am not sure at any time soon they may decide to go for robbery.

I can say with 99% accurately that lots of this forum members might have already got addicted to gambling because of continuous gambling in last three months. This must be the worst consequence of pandemic situation we are experiencing right now. Only when people realize what they are doing and what they actually need to do, they might chances to get rid of gambling addiction until then their situation definitely will go worst than their current situation.

[MCobian]

I am not surprised that news gambling addicts can cause theft of client funds, because gambling addicted can have a bad effect
to the environment and that is indeed a fact. Therefore if we feel addicted to gambling, counseling should be done immediately
to be able to control it. Hopefully by doing counseling can be cured of addictions, can even avoid not doing evil.

[20kevin20]

The fact that he stole money and kept a spreadsheet to return it made me run out of words for a bit, it's just amazing and so unusual. You can basically say he borrowed money from some of them.

Gambling addiction is indeed a grave situation especially when it gets to the point where you're starting to sell your stuff or borrow money to continue the addiction. Worst part is, many of the addicts hide their bad habit in order to continue to be accepted in the society which only puts them in an even worse situation. When you start not being able to control yourself, it might be time to ask for external help before it gets too late.

[TheGreatPython]

The fact that he stole money and kept a spreadsheet to return it made me run out of words for a bit, it's just amazing and so unusual. You can basically say he borrowed money from some of them.

I am just seeing his confident level on his gambling about making big profits to repay. Yes, it is similar to going for loan (because he plans to repay whereas stealing means plans for repayment will be missed out) but the hilarious part is, the lenders never know that their money has gone for interest-free and terms-free loans for unlimited tenures. Really unusual but all are due to gambling addictions and its consequences.

Worst part is, many of the addicts hide their bad habit in order to continue to be accepted in the society which only puts them in an even worse situation.

Due to multiple reasons gamblers never open about their addictions; one of them is, most gamblers never realize that they are addicted to gambling. When they feel like they are gambling as usual as all other gamblers then they will simply continue until theu buy themselves. This is what exactly happened to that guy.

When people do change their gambling strategies frequently, they do regain confident about making profits to recover all their losses. In that situations, we cannot expect to realize their addictions and its consequences. So, they may work on getting loans to continue their gambling.

[actmyname]

Due to multiple reasons gamblers never open about their addictions; one of them is, most gamblers never realize that they are addicted to gambling. When they feel like they are gambling as usual as all other gamblers then they will simply continue until theu buy themselves. This is what exactly happened to that guy.

Part of it could be shame. Part of it could be delusion thereof: when you're at the point where you're continually gambling when it's not in your best interest, your mind has to find a way to create a rationale - a justification to make sense of the situation - resulting in the cognitive dissonance slowly breaking down your orthodox logic skills. After all, most people will get addicted to the randomness, the near losses, the chasing of the jackpot: while you're losing, you want to distract yourself from it and focus purely on the wins... problem gambling reaches very deeply and the worst part is that heavy gamblers only stop when they hit zero, almost getting catharsis out of the bankruptcies. 

[milewilda]

Its really uncommon to see these kind of situations on where someone do really surrender up his self to the authority and for sure his conscience is the thing that pushes him to do so.
This would really be a common scenario if you do really let yourself fall into addiction in gambling on where if you do have business that do involves big money or even small ones then
tendency on using it up would really be on high chances.At least he's aware that he's doing too much and decided to stop via those kind of acts. $6M isnt a small amount but i do
still appreciate on what he did where he do surrender since he do committed a crime.