Be careful with people's money

[Stable090]

I have read many news that someone will mismanage people's money. I read one about a university student some years ago that gambled with the money contributed by his course mates. The main reason that is causing the money mismanagement is either trading or gambling, but I read more about gambling online. Some can be because of other reasons.

I see no reason why you should use the money kept in your custody for anything. Both trading and gambling are not things you should think you can do and make quick money from easily, so don’t risk money kept in your custody for things like this. Most people think when they trade, they can easily make money from it, so when money is kept with them, they will always want to make use of the opportunity, but they don’t know trading is not that easy, things can easily go against them, and they will be losing money.
 
Also, gambling is not something that should be done for the sake of money, if you are gambling, there are always higher chances of losing money. Don’t be too confident with your bet, anything can happen when gambling, so make sure you use your money to gamble, and it should be done with any amount you can afford to lose.

[adpinbr]

Gambling is something that can come with either good money or bad in such a way that it will discomfort you and you may hand problems with a lot of people because you have lost gamble because of one or two issues and some problems that you have bring to yourself, you should only take risk with something that you know that belongs to you and it is not advisable to put your money at risk too, but don’t ever do it with public money or else you get a public problem.

[decodx]

I have read many news that someone will mismanage people's money. I read one about a university student some years ago that gambled with the money contributed by his course mates. The main reason that is causing the money mismanagement is either trading or gambling, but I read more about gambling online. Some can be because of other reasons.

I see no reason why you should use the money kept in your custody for anything. Both trading and gambling are not things you should think you can do and make quick money from easily, so don’t risk money kept in your custody for things like this. Most people think when they trade, they can easily make money from it, so when money is kept with them, they will always want to make use of the opportunity, but they don’t know trading is not that easy, things can easily go against them, and they will be losing money.
 
Also, gambling is not something that should be done for the sake of money, if you are gambling, there are always higher chances of losing money. Don’t be too confident with your bet, anything can happen when gambling, so make sure you use your money to gamble, and it should be done with any amount you can afford to lose.

Yeah, the money isn't yours to begin with.  That's the thing - you're meant to be taking care of it, not treating it like a gamble. 

I get why people think playing the markets or gambling seems like some golden ticket.  But that glossy fantasy rarely matches reality and  more often than not, its just a roll of the dice and people get overconfident and then, poof! Their cash vanishes faster than a magician pulling a rabbit out of a hat.  Absolutely stupid.

Best thing is stick to handling the money properly and carefully like you're supposed to.  No tricks or gambles.  Just responsibility.

[Crypto Library]

Gambling is something that can come with either good money or bad in such a way that it will discomfort you and you may hand problems with a lot of people because you have lost gamble because of one or two issues and some problems that you have bring to yourself, you should only take risk with something that you know that belongs to you and it is not advisable to put your money at risk too, but don’t ever do it with public money or else you get a public problem.

Gambling will till a good source of entertainment when a person doesn't used for others purposes. Like if a person play gambling for earning money or touch a jackpot by his greed then there will be most probably chances that he will face loss.
And addiction is really a bad thing in all cases I this the person was really extremely addicted to gambling and in total he made this huge loss. And always people should gambling with his money not with the others "gamble as much as you can afford to lose.

[ndutndut]

Gambling is something that can come with either good money or bad in such a way that it will discomfort you and you may hand problems with a lot of people because you have lost gamble because of one or two issues and some problems that you have bring to yourself, you should only take risk with something that you know that belongs to you and it is not advisable to put your money at risk too, but don’t ever do it with public money or else you get a public problem.

Every gambler I am sure they know and understand what you are saying, they know the risks of gambling but still fall into addiction. The problem is that cases like this often happen because they can't think clearly and can't control themselves so they use other people's money to gamble. They usually understand how to gamble but don't understand how to control gambling, so gambling controls them. This is what makes gambling dangerous.

There were several cases in my country and this made television news. A gambler embezzles his employees' wages to gamble in the hope of using the money to pay off his debts. In the end, the employee's salary was all wiped out because he lost gambling. This is what is called irresponsible gambling, he gambles without using common sense because his mind has a very acute addiction so he will not think about the impact that will occur in the future with the decisions he makes. It is important to learn to control yourself when gambling so that things like this don't happen and it is true as you said, betting with money that you are ready to lose.

[Zoomic]

I have read many news that someone will mismanage people's money. I read one about a university student some years ago that gambled with the money contributed by his course mates. The main reason that is causing the money mismanagement is either trading or gambling, but I read more about gambling online. Some can be because of other reasons.

I see no reason why you should use the money kept in your custody for anything. Both trading and gambling are not things you should think you can do and make quick money from easily, so don’t risk money kept in your custody for things like this. Most people think when they trade, they can easily make money from it, so when money is kept with them, they will always want to make use of the opportunity, but they don’t know trading is not that easy, things can easily go against them, and they will be losing money.
 
Also, gambling is not something that should be done for the sake of money, if you are gambling, there are always higher chances of losing money. Don’t be too confident with your bet, anything can happen when gambling, so make sure you use your money to gamble, and it should be done with any amount you can afford to lose.

It is obviously overconfidence that makes most gamblers gamblers with amounts they cannot afford to lose. They trust their gambling skills so much that they are so certain that at the end of the gambling session, they will be doubling the amount they gambled with. The interesting thing about gambling is that, it is full of surprises, it can give you the shock of your life when you least expected it. Every gambler knows that gambling is all about luck, yet some gamblers will choose to take risks that that might end up ruining their lives. Only smart gamblers can succeed in gambling. Gambling with loan money, stolen money and money or properties entrusted under your care is not smartness.

[Mr.suevie]

Gambling is something that can come with either good money or bad in such a way that it will discomfort you and you may hand problems with a lot of people because you have lost gamble because of one or two issues and some problems that you have bring to yourself, you should only take risk with something that you know that belongs to you and it is not advisable to put your money at risk too, but don’t ever do it with public money or else you get a public problem.

Gambling will till a good source of entertainment when a person doesn't used for others purposes. Like if a person play gambling for earning money or touch a jackpot by his greed then there will be most probably chances that he will face loss.
And addiction is really a bad thing in all cases I this the person was really extremely addicted to gambling and in total he made this huge loss. And always people should gambling with his money not with the others "gamble as much as you can afford to lose.

Before someone would even gamble with another person funds, it means that gambler isn't really ready or serious because if he knows the percentage rate of actually achieving success in Gambling then he would probably not go through with that type of action at all. If someone is of the mentality that his gambling habits is strictly for fun and entertainment then gambling with the amount he can be able to lose is definitely going to be his theme thought because aside from that, loses he would get can affect if especially if the money isn't his own money.

[nimogsm]

I can't stop thinking about people who dare to use other people's money to gamble in their gambling, can they not think clearly? or are they really stupid? even though it's clear that it's not their own money, don't they think about how to get it back if what they bet on ultimately loses? they shouldn't be careless in doing that, it's better to use their own money, the loss of which they can bear, rather than bear the burden of bearing the loss of other people's money and make other people also feel at a loss and I think people like that don't deserve to be trusted anymore. to hold other people's money because they reflect a bad character.

They must be responsible for using other people's money to gamble and don't just let it go, it is their own fault that must be held responsible if they cannot pay it off, it is better to take it to legal action so that it can be given a deterrent effect because they have been careless. Using other people's rights to gamble, especially if the amount of money is very large, is not an accident, but they do it on purpose.

Most often, those who take other people's money for gambling enjoy the trust of others. In my old group of friends, there was a case when one person lost the money and did not return it.Yes, there was a big scandal, but it did not come to legal proceedings; he took a very long time to repay the debt because when it was a great friendship.Most likely, those who are already addicted to gambling more often turn to deceive their loved ones because they are more trustworthy.

[Quidat]

I can't stop thinking about people who dare to use other people's money to gamble in their gambling, can they not think clearly? or are they really stupid? even though it's clear that it's not their own money, don't they think about how to get it back if what they bet on ultimately loses? they shouldn't be careless in doing that, it's better to use their own money, the loss of which they can bear, rather than bear the burden of bearing the loss of other people's money and make other people also feel at a loss and I think people like that don't deserve to be trusted anymore. to hold other people's money because they reflect a bad character.

They must be responsible for using other people's money to gamble and don't just let it go, it is their own fault that must be held responsible if they cannot pay it off, it is better to take it to legal action so that it can be given a deterrent effect because they have been careless. Using other people's rights to gamble, especially if the amount of money is very large, is not an accident, but they do it on purpose.

Most often, those who take other people's money for gambling enjoy the trust of others. In my old group of friends, there was a case when one person lost the money and did not return it.Yes, there was a big scandal, but it did not come to legal proceedings; he took a very long time to repay the debt because when it was a great friendship.Most likely, those who are already addicted to gambling more often turn to deceive their loved ones because they are more trustworthy.

Trust would be surely be broken on the time that there would really be that form of abuse via having those non permitted kind of spending with those funds specially if it wasn't yours.
Trust would surely broken in between friends or even with your loved ones or with your co-works or to those whom you are really that dealing off with. This is why when dealing up with gambling then
try your best not to make yourself that getting addicted because on the moment that you would really be dealing up with gambling and you are on a condition on which you've been holding something
like being entrusted with those funds whether it do belongs to your friend or with those office funds then the temptation is really that high and this is something you would be needing up that extreme control.

[Dr.Bitcoin_Strange]

Yes, I was aware of the case of that student who gambled with the money of his coursemates. I was also aware of the woman whose son used her money to gamble, and the bet was lost. It ended up that the money was not even her mom's own but rather the money she was holding for someone. There was also another one where the student lost his school fee money to gambling; he got depressed and committed suicide. 

There are many of these stories, bro. The one that happened in my place was that a civil engineer used the money allocated for a house project to gamble, and he lost the money and ran away. I don't wish to have this kind of experience because I have already learned from the mistakes of others, but I really do wonder why people will just lose their minds to take this kind of risk and don't even do it with their own money. So bad. 

[SeriouslyGiveaway]

I have encountered many cases like this. Taking advantage of the name of an individual or company to raise capital from others, with the promising is to pay high interest or bring high profits when investing to some potential projects . I see that most of these forms of raising money are scams, if not in this form, it will be in another form. This case happens a lot in the crypto market when they mobilize other people's money to buy tokens which is selling private or receive entrusted investments, then they use that money to play futures, and lose all that money.

After those incidents happened, those who lost money could only ask the community to spread the news to hope the scammers would return the money, but most of them could not get it back. I usually stay away from forms of raising money or contributing money like this, it has too many potential risks and I have to depend on other people's decisions, while it is the money I have worked hard to earn.

[Kelvinid]

Gambling addiction will not just ruin our financial status but also our reputation and trust. Yes, a lot of stories where people use money for the group/company due to gambling habits. A lot of stories that a person commits a crime (stealing), has huge debts and sells properties in order to sustain their gambling needs.

I couldn't say gambling is bad, it only depends on the gambler. If we can't handle our gambling habits, it leads to a worse and regrettable ending.
We don't need to wait for that moment before we change our approaches, instead do it responsibly now.

[klidex]

~snip~

I would not call all of them stupid. Many of them are reckless and desperate. But there are some who does not have enough or spare money, when they feel like they are going to win. I find it wrong to call everyone who borrow money for gambling as stupid. Many are, but, there are also those who succeed. For example in football sports betting, not always casino closes possibility to place bet on a win, even if one team has scored 4 times in first half. It is clear that second team will definitely lose, and there is always chance that the team will play back. So some people find it ok to take a huge risk and bet with <1.10 odd with borrowed money.

But this is not borrowed money, but people's money which is temporarily entrusted by people who are really trusted to hold the money, but it turns out that people they trust can maintain their trust but instead betray and use the money for gambling, it doesn't matter if they borrow money from the lender or the bank therefore covers them themselves with collateral for their goods, but if they use people's money, this is money that will be used by the government, but why do these irresponsible people use it? Isn't it appropriate if they are called stupid? the reason is that they have thoughts but they don't use them well and only think about their own interests.

Sorry if I am too harsh in speaking but it is a fact that people who cannot be trusted deserve to be said like that because they cannot think intelligently before acting, I am very angry to see the behavior of people like this even though there are other ways to do it gambling, namely borrowing money from loan sharks so that he can support himself or it is better to work so he can earn money and use it to gamble rather than using government money.

[Negotiation]

Difficulty handling other people's belongings You will have a lot of responsibility when using someone else's money and belongings you have to try to return him in time. If you take something from your relatives if you do not fulfill everything with responsibility the relationship will be destroyed. That's why you should carefully consider everything before managing other people's money to spend on things that have a chance of success. There is no real guarantee of making money in gambling once it becomes an addiction you will never be able to pay it back in time by handling other people's money and it will cause trouble.

[Bitcoin_people]

Such incident is very sad that misuse of other people's money should not be done at all only those who are addicted to gambling can do such misuse. We have seen many such cases where people gamble and trade with the money deposited by others only in the hope of short term profit. But their get rich schemes never materialize instead they lose money and one time they run away when the money is to be returned to another they cannot return. So I think this kind of money should not be misused it is worst practice to ever go into gambling with other people's money. We all know gambling is a risky place where people lose their money most of the time and can't recover that money later. When a person enters into gambling by borrowing money from another person, he should think that he will be in great trouble if he loses the money. However, many gambling addicts do not think this way, but abuse other people's money and easily lose their money at a time when they run away, so it is most important to avoid this type of abuse.

[dezoel]

I think a person's mind must be completely clouded with greed and thoughts of winning a lot of money for them to take such steps. A sane person with the right mindset would never use someone else's money for gambling knowing that there are more chances of them losing it than winning anything with it because that's how the nature of gambling is.

Every person who loses someone else's money in gambling must have initially thought that they will make more than what they are given and then they will return the money to the owner and keep the remaining funds for themselves but what happens is they lose it all and then regret doing that, some would even take severe steps after that such as suicide, etc.

[lizarder]

I have read many news that someone will mismanage people's money. I read one about a university student some years ago that gambled with the money contributed by his course mates. The main reason that is causing the money mismanagement is either trading or gambling, but I read more about gambling online. Some can be because of other reasons.

In the end, we can already guess and the use of this money will never work out well for him. In fact, in further cases the student will have much bigger problems. I have also heard of certain people who mismanaged people's money and tried to gamble because they thought they could make more money, but in the end they had problems with the law because the money was used up in gambling.

There is another one that I read today that people thought he ran away with people's money but he later confessed that he lost it to gambling. It is about a solana-based cypher developer, he confesses that he lost $300K of user funds to gambling.  

There are always interesting stories of people admitting they misused other people's money and even we will hear justifications that never make sense. Please gamble but don't use other people's money and scale your gambling responsibly so that it doesn't cause problems in the future. There are no good results from using other people's money in gambling or vice versa using your own money, but being responsible for your involvement in gambling is very important.

[Fortify]

I have read many news that someone will mismanage people's money. I read one about a university student some years ago that gambled with the money contributed by his course mates. The main reason that is causing the money mismanagement is either trading or gambling, but I read more about gambling online. Some can be because of other reasons.

There is another one that I read today that people thought he ran away with people's money but he later confessed that he lost it to gambling. It is about a solana-based cypher developer, he confesses that he lost $300K of user funds to gambling.

The core developer of the Solana-based cross-margin decentralized exchange (DEX) admitted his wrongdoing in a public statement shared in a May 14 X post:

“To address the elephant in the room, the allegations are true, I took the funds and gambled them away. I didn’t run away with it, nor did anyone else.”

His statement on X:
https://x.com/hoakbuilds/status/1790434490877129007

https://docs.google.com/document/d/10ta9quGGrmTNE1Pi7MlgLgSx9zxEqQdkbBfis1pmHrM/mobilebasic

It was not "money mismanagement", it was fraud - plain and simple. That money was under their control for an assigned purpose, when they decided to take it and fritter it away on gambling, they did so with dishonest intent. It was driven by greed, they thought they could beat the system and ultimately got eaten up by it. It's hard to have any sympathy for them, as they probably had multiple chances to stop early on but kept pushing through with disastrous results. I feel sorry for the many people who will have to go without now, as one person tried to take a shortcut to wealth against odds that were stacked against them.

[FatFork]

It was not "money mismanagement", it was fraud - plain and simple. That money was under their control for an assigned purpose, when they decided to take it and fritter it away on gambling, they did so with dishonest intent. It was driven by greed, they thought they could beat the system and ultimately got eaten up by it. It's hard to have any sympathy for them, as they probably had multiple chances to stop early on but kept pushing through with disastrous results. I feel sorry for the many people who will have to go without now, as one person tried to take a shortcut to wealth against odds that were stacked against them.

Absolutely right. When someone takes money that's been entrusted to them and uses it to gamble, that ain't just bad management - it's fraud, plain and simple.  Theres a clear difference between making a dumb investing decision with good intentions versus intentionally taking what isn't yours to score big at the casino.  This developer sounds like a first-class moron and maybe even an addict who couldn't keep his impulses in check and  his boneheaded choice didn't just screw over those users directly, it makes the whole industry look bad.

[teamsherry]

He just git himself into a debt situation and that's why it's not advisable tonuse people's money to gamble cause you can end up putting yourself in much trouble, I think he needs to get himself some good self control lesson from this, no matter how profitable the option to gamble may seem its always risky and if the opposite happens you would surely regret it. It's also similar to borrowing money to gamble, I also find it quite absurd to do this cause gambling should be out of your disposable income not debt or as an expense.