Be careful with people's money

[TheUltraElite]

I mentioned in another recent post, gamblers are gambling to make money and so the machine for making money being right in front of them, they would not stop to get money to put in that machine. This leads to spending from monthly salary, then moving to family members money and then to taking friends and then to loans and then to unscrupulous means.

This is why before a team is formed for any project, background checks and habits need to be checked for securing the future of the project. Unfortunately this is given little importance in such streams and hence such scandals happen every now and then, with exit scamming being the worst.

[Antotena]

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 think the students appointed the wrong person for money contribution, most often you don't give money a group money to a student who is into gambling, there is always a desire to use the money to gamble with the sense of paying back after winning the money. They are broke most of the time and gambling is the only thing the see as alternative to make money when they don't have alternatives to money.

There was a time in my school when we resumed Back to school but went to a month strike. After resumption, they found out that more than 50% of students couldn't pay their school fees later because they have consume everything and many were as a result of gambling, some of them didn't go home and when they became broke, they risk it to 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.

This one is strange, a whopping 300k into gambling only says one thing about the person, he is a pro gambler that is very addicted to gambling. If he has invested that money instead of gambling, he might accrue a loss but I'm bit sure everything would have finished so fast. If he has eaten the money, it will even pay him than gambled everything for nothing.

[$crypto$]

The stupidest thing a gambler has ever done is gambling with other people's money, gambling with his savings and gambling with borrowed money, gambling is actually an activity that has the potential to generate profits but pressure after pressure can make everything fail, I don't know what people think who gamble with money that they don't own, it's clear that greed is covering them so they don't think clearly, always remind your family not to gamble with money that doesn't belong to them.

Usually, such games with borrowed money also result in a loss of trust in the player from the one who lent this money. I knew a person who borrowed money from anyone he could for various reasons, since many people did not know that he was a gambling addict with problems. The story ended with that he had to move and start his life all over again because where he lived he had just a terrible reputation and a huge pile of debts.

This is not something strange because we see around where they borrow money for other reasons but the fact is that it is used for gambling because they are not satisfied with the previous game while their money has run out, so by borrowing with pity so that they are given a loan this is really immoral at all.

Whatever it is, it's their problem we have to be careful with anyone's money or leave it with friends or family because we never know that they are addicted to gambling, so from now on I never lend money to anyone for unclear reasons unless he borrows money because of the need to eat.

[LUCKMCFLY]

This mostly happens with people that are within the family because, of course, you wouldn't lend money to an outsider without taking any guarantee that they are going to repay the loan on time, but your relatives can sometimes give you a hard time. So, it's important for one to know who they should say yes and whom to say no when it comes to lending money.

One of the things that is Really delicate is lending money or doing business with the family, with a member, and unfortunately that member is Irresponsible in the payment or something similar, because that becomes one of the most invasive things the internal fears that we have , I Don't have a good relationship with some of my Members Because Sometimes they are very selfish, and well, that kind of thing doesn't suit me, because I am not , in fact , the people who are around me I want that they are always making money or doing well, and if I have the Option of being able to make them win , then I tell them, but they are not like that , so that Stops me too.

[TelolettOm]

The stupidest thing a gambler has ever done is gambling with other people's money, gambling with his savings and gambling with borrowed money, gambling is actually an activity that has the potential to generate profits but pressure after pressure can make everything fail, I don't know what people think who gamble with money that they don't own, it's clear that greed is covering them so they don't think clearly, always remind your family not to gamble with money that doesn't belong to them.

Agree. It is stupid to use people's money to gamble. Moreover, the people don't know that we use their money for gambling. Playing gambling games should use safe money, never try to use people's money whether it is loan money or not loan money. I don't understand why people gamble with others' people money, if it is just for fun or try luck on gambling, it is enough to use small money, right? If it is just spending small money, it is no need to take other's people money. I think the gamblers who use people's money because they are addicted to gambling. They use big money since the gamble excessively. So I think this is not the case of greedy but this is a case of addiction. We must always remember that never gamble excessively to avoid addiction.

[Bitcoinsummoner]

There have been many cases like that where people misuse other people's money for their own interests, for example gambling with the money in the hope that they can multiply the money and make themselves rich. Gambling using other people's money is a very stupid act, because gambling is uncertain when you win or lose, and you will most likely lose, so gambling using money you shouldn't gamble with is very risky and should be avoided.

There are many people around us who prove themselves rich by keeping other people's money. A gambler does not know "how much money is worth?" What if the gambler knew the value of money? Then he would never even go near gambling. He who has no love for his wealth, how will he protect the wealth of others? I have seen many, I have seen many people, I have seen many gamblers, who think themselves rich by keeping other people's wealth for themselves, and ruin by gambling.

I think the main reason a new gambler gets addicted to gambling is his family and his friends. Family is a child's first educational institution. If a child does not get proper family education then he will go astray. Family is of immense importance for the mental development of a child. Families should teach a child the difference between right and wrong from an early age.

And one more thing, sef getting rich overnight by gambling is tantamount to nurturing stupidity in his own mind. Finally, I urge all gamblers to return to normal life.

[Betwrong]

I have seen many cases like this in my area where they manage public money or company money but instead are misused for gambling hoping to make a fortune but what happens is that they lose everything and the average person runs away but is eventually caught by the police.

This problem often occurs when someone manages a lot of public money like there is no responsibility they consider it like their own money that is played at the casino but after losing money he regrets it and is unlikely to compensate.

That gambling is indeed hot when you hold any money, the lust wants to continue playing and usually they have bad habits until the end becomes a disaster.

I think it's rather unusual to want to gamble with all the money when you have a lot of them, someone else's. Our world is big and so you can find a lot of such people, but compared to majority I'd say they are exceptions. Most people know that losing in gambling is easier than winning and so they wouldn't risk big amounts of money. Risking the money that doesn't belong to you is just disgusting in my opinion, and I'm pretty sure most people hold that opinion.

[Onyeeze]

Before you give someone's money to keep for you make sure that you you have trust in that person before giving the person money to hold for you sometimes it is us that refuse to understand human being before we give the person 100% Trust for me I must examine you very well before I can handle over anything that has to do with the finance to you so human being is unpredictable when he come in terms of money someone you think that will not disappoint you or will not mismanage things is the one that will mismanage forms I know right well that we have to understand the procedures of management before we give anyone to keep for us for long time or short time

[Roseline492]

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.

Those things seem to be very common this days were people use the money they put under there care to gamble and at the end they lost the money and funny enough is only gambling that can  make someone behave that way, however I witness similar case of someone who was a Treasurer and was holding a huge money for there organization but based on what his friends told him that he has a very sure game that has 100% chance of playing so the guy decided to be greedy and use all the money that was given to him and use it to gamble and at the end he lost everything and he couldn't withstand the trauma he fainted.

So for me I believe one of the reasons why those things happen to them is because of greedy of trying to become rich overnight without knowing that there is no easy way to success so the moment most of them realized that the better for them because I'm still surprised how someone with his right mind will use a money that's being given to him by a group or organization to gamble when he knows that nothing is certain in terms of gambling and there is a higher chance of losing everything on the process.

[m2017]

This topic has an incorrect title, which should correctly read “be careful when giving money to other people”. This is what your short stories should teach us about people losing money entrusted to them in gambling. No matter under what plausible pretext people collect donations, keep in mind that the collected funds can easily be lost in gambling or trading.

"The main reason that is causing the money mismanagement", I would say, is not trading or gambling, but not the ability of people to control their greed (the desire to quickly make money using borrowed or other people's money).

[lizarder]

Greed and heavy addiction as well as high self-confidence in uncertain opportunities have made many gamblers lose the rationality of their mindset towards gambling. They make too risky decision about money, meaning they fail to think rationally about what the impact would be if they lost when they used other people's money.

It is absolutely not recommended to use other people's money to fulfill gambling needs, and it is not even recommended to get a loan to be able to gamble. My friend has felt the consequences of his serious gambling addiction, of course now the result is that he has to hide from being chased by the collector's department due to failing to pay his online loan.

And unfortunately not many people think rationally if it has been influenced by confidence to double money. Sometimes taking an uncertain risk is the same as making mistakes that should not be made, but the taste and mind become increasingly irrational because of the problem of greed that cannot be controlled. Other people's money is the same as debt and if we take it means we have to return.

Even in carrying out investment it is also not recommended to use other people's money, especially if used in gambling, but due to greed and the absence of responsibility makes people wrong in taking action. In the end they themselves get into trouble and have to pay other people's money after getting losses in gambling. Not to mention if they will get legal problems because they take what are not his and that will exacerbate life in the future.

[adpinbr]

It is always important and advisable for you to be careful with peoples money because you may end up in gambling out peoples money. When you are trying to find something for yourself you will put yourself in big danger and in big trouble because they trust you with student money or school, money, enough or any of the organization you just ask a camper you shouldn’t even involve yourself in holding any Monitor belong to public if you know you a gambler

[Betwrong]

~
"The main reason that is causing the money mismanagement", I would say, is not trading or gambling, but not the ability of people to control their greed (the desire to quickly make money using borrowed or other people's money).

I think the problem is that for some people it's easier, for some reason, to put at risk other people's money than their own. Maybe it's because they don't care about others, like, at all. Maybe we shouldn't necessarily consider them as addicted gamblers. Addicted gamblers risk their own money, and many of them would never risk other people's money because they don't want to hurt others. It's like entirely another level of negligence, and I believe not all addicted gamblers are capable of that.

[Kelward]

People should check the background or character of the people they entrust their money with, but unfortunately, some people are so good at hiding their character that they only get exposed when the deed is already done.

Temptation is really high for people to take a chance on gamblers, especially if they see a match that they figure out could give them a sure win.
 

It is true that people should check the background of the individuals that they put in sensitive financial positions, so that they will not tamper with the money that is entrusted in their care. But this can be misleading because people can change after they get into a position of authority, like the guy in the OP, I'm sure that if they had known that he will tamper with the funds that is kept in his care, he wouldn't have been in that position and to gamble with the money that is not his. Money should only be put in the trust of people with proven intergity about monetary affairs.

People are driven by greed, to the extent of using money that is not theirs to gamble, in the hope of winning and replacing the capital, that is a very ridiculous idea because gambling is risky. In gambling it's either win or lose, and the chances of losing is greater, so it'll be very irresponsible for anybody to gamble with other people's money.

[shasan]

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

You are considering it as misuse but it could be the opposite of it if the person could win funds. Actually, those who are not gamblers or anything that the person doesn't know or doesn't have confidence then the person should not invest any funds. If the person invests then it is his/her own fault.

[Mahanton]

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

Using up others money? You would really be facing up that possible legal issues. This is why when it comes to those kind of jobs or positions then it would really be something that needs up that trustable person or employee
because when it comes to money, each one of us does have that different level of tolerance when it comes to temptation. This is why at the moment that you do find yourself on such position and you are involved with gambling then dont make yourself having that temptation on which i could say that it would really be something strong specially at the moment that you are already addicted to gambling then you are out of funds?
You would definitely be having that main thing in mind is to use up with those funds and would really be that putting it back but well its a suicide things.

Sooner or later at the moment that they have caught you on using up those funds without permission then you are really just that basically putting up yourself on such very big trouble and this is something that
must be avoided in the first place. If you are someone whose really that good when it comes to self control and discipline then you are really that fit out on the said position but
well we do know that each person is really that different to each other when ti comes to tolerance.

[Betwrong]

People should check the background or character of the people they entrust their money with, but unfortunately, some people are so good at hiding their character that they only get exposed when the deed is already done.

Temptation is really high for people to take a chance on gamblers, especially if they see a match that they figure out could give them a sure win.
 

It is true that people should check the background of the individuals that they put in sensitive financial positions, so that they will not tamper with the money that is entrusted in their care. But this can be misleading because people can change after they get into a position of authority, like the guy in the OP, I'm sure that if they had known that he will tamper with the funds that is kept in his care, he wouldn't have been in that position and to gamble with the money that is not his. Money should only be put in the trust of people with proven intergity about monetary affairs.

Good point. Indeed, people can change after they get into a position of authority. Normally they become worse than before, but sometimes they become better, more responsible for their actions. So, it works both ways, I guess. We should always remember that people can change for better too.

People are driven by greed, to the extent of using money that is not theirs to gamble, in the hope of winning and replacing the capital, that is a very ridiculous idea because gambling is risky. In gambling it's either win or lose, and the chances of losing is greater, so it'll be very irresponsible for anybody to gamble with other people's money.

Good point again. It is very irresponsible to gamble with other people's money. But I'd say: No matter what your chances of winning are, even if they are 90%, you shouldn't put other people's money at risk. If you have an idea like that and you can't stifle it - you are weak.