What a d*ck head.
He losing everyone and development money because of his gambling addiction and he said are gonna fixed something on his next move? Did he still have some brain or somethings. The one who are problem is him, and do people are gonna to believe in him again? He should not being a founder, because of his d*ck head gambling addiction using other money.
At least the guy is very sorry, unlike someone who embezzled Billions of dollars of customers' funds and had the audacity to plead not guilty when it is too obvious that he did mismanage and even gamble the funds of his company clients. Regardless, I also think that the incident should not end on a sorry note, the developer must take responsibility for his action. It is an obvious fraud because he uses the money that is supposed to be for project development in his gambling activities.
It is possible this is the new excuse they are going to use to try to cover their tracks, in the past they used the excuse they were hacked to steal the money of their investors, now they are using the excuse that they gambled that money away as it seems more believable and it leaves less tracks for investors to follow so they can try to recover their money, so it would not surprise me if we found out about more cases like this one on the future.
Gambling the fund and saying it losses isn't an excuse. It is actually evidence of embezzling investors' funds and is subject to a criminal case.
