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German Banker Accused of Stealing Millions to Fund Gambling Habit

German Banker Accused of Stealing Millions to Fund Gambling Habit

A German banker is part of a brand new trend of high-dollar gambling thefts

It’s nothing a new comer to hear about individuals stealing money in order to spend it on gambling. Nonetheless, it’s rare that the theft ever gets this big. A 39-year-old bank that is german was accused of stealing over €8 million ($10.6 million) from customers, which then spent at casinos over the program of a long period.

Stole Undetected for Years from Customers

According to the charges, the man works in Buxtehude, a Northern Germany town that is a suburb of Hamburg. During the period of more than three years spanning between 2007 and 2010 the man took money from customers’ accounts no fewer than 156 times. He additionally directly took cash that had been provided to him by customers to spend. In accordance with prosecutors talking in Stade District Court, the man even faked customer signatures on several occasions to be able to achieve access for their money.

The amounts stolen varied greatly from client to client. At some times, he took only a couple of hundred euros; in the many cases that are dramatic a few hundred thousand euros had been taken out of accounts simultaneously.

As a whole, €8.4 million ($11.1 million) was taken out of customer accounts over the years. That cash was then largely spent at a local casino in Hamburg.

According to prosecutors, the unnamed guy had already reimbursed €4.5 million ($6 m

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Massachusetts Anti-Casino Ballot Question Gets Nixed by State AG

Massachusetts Anti-Casino Ballot Question Gets Nixed by State AG

A citizens’ anti-gambling effort has been shot down by the State’s Attorney General

While the state of Massachusetts is gearing up for rapid expansion of gambling in the state, not everybody has been excited about the move. This is exactly why some anti-gambling activists there have developed a petition in order to force a statewide vote on whether or not the casino projects would be able to maneuver ahead.

People who are against the casinos that are new able to gather sufficient signatures to send the ballot question forward to the attorney general’s office. But unfortunately for them, the state solicitor however a stop towards the move, saying that the ballot concern wouldn’t be legal beneath the state’s ballot effort process.

Constitutional Provisions Preclude Ballot Question

The ballot initiative process is covered by Article 48 under the current state Constitution. That article not only describes the process for getting question on the ballot, but additionally establishes what can and can not be included in such concerns. One of the guidelines for proposals claims that they cannot hinder an entity’s ‘right to receive settlement for personal property appropriated to public use’.

Based on state solicitor Peter Sacks, if the question were to be authorized by the public, thus ending the casino deals immediately, it could take the casino developers’ contract rights away without the compensation. It woul

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Ugandan Students Miss University Graduation When They Gamble Away Tuition

Ugandan Students Miss University Graduation When They Gamble Away Tuition

Fifty-five company school students missed their own graduation after gambling away their tuition in Kampala, Uganda

Many schools and universities have codes of conduct that look down on students participating in gambling activities. So as the students of Makerere Business Institute (MBI) in Kampala, Uganda were most likely encouraged to invest their money, doing so by betting on sports was not likely to win them many friends in the administration.

Students Gambled Away Tuition

A total of 55 students with MBI were forced to miss out on graduation ceremonies once they reportedly spent funds including some that had been earmarked for their tuition on gambling and sports betting. The announcement by school principal Nathan Twesigye influenced his comments during the school’s recent graduation ceremony.

Twesigye was especially surprised to find that the gambling issue apparently affected a range that is diverse of.

‘ As possible see, girls have also started gambling, which is quite strange,’ Twesigye said.

Gambling is quickly becoming big business in Uganda. That may surprise observers that are many Africa, but those more familiar with the nation can realize why. The people of Uganda is young, enjoys sports, and at least in the capital town of Kampala benefits from being better educated and wealthier than the generations before them.

Sports Betting Ops Targeting Students

That combination has made the