How much money could YOU lose in one night? Betcha this guy has you beat!

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hangin' about
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Aug 21, 2003
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Well over FOUR HUNDRED THOUSAND DOLLARS!!

Holy crap!

Internet addict gambled away £158,000 on his parents' cards

By Adam Fresco
Son attempted suicide and now faces jail after running up debts in under an hour

WITHIN an hour of logging on to an internet gambling site, Richard Mahan had won £90,000. But his luck soon changed and, ignoring the sage advice of gamblers everywhere, he tried to claw his way back.

He used 13 of his parents’ credit cards and, as he gambled into the early hours, ran up debts of £158,000. Mahan, 25, then tried to kill himself in what is believed to be Scotland’s worst case of internet gambling addiction.

His parents, Linda and James, called in the police after the credit card companies told them that their insurance would not be valid unless they did so.

Forfar Sheriff Court was told yesterday that Mahan kept gambling at his parents’ home in Brechin, Angus, in April last year until he exhausted the limits on all the credit cards.

Sheriff Kevin Veal said: “If £150,000 can be lost in 50 minutes under clandestine conditions in the early hours of the morning, it is an issue so great that it needs to be addressed by the wider community. It is a social issue.”

Brian Bell, the procurator fiscal, said: “Initially he’d made over £90,000 in profit but within an hour he continued gambling and started to lose money heavily until the credit cards ran dry. He then tried to commit suicide. The credit card companies indicated that unless the matter was reported to the police the insurance cover would not come into place and the parents would have to pay back the money.”

Full article: http://www.therx.com/blog_internet-addict-gambled-away-158000-on-his-parents-cards.php
 

RX Senior
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Thats just incredible. So much so fast.

Cant say I blame the parents for going to the police because of the issue with the insurance.
 

Rx Realist
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Nah, thats fine he can beat me in that contest.

You mean to tell me he's up $157,000 (USD) and cant stop?? WOW!!
 

RX Senior
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Equally as dumb is the fact that even if he wants to cash out the 90,000. How is he going to collect the funds? I mean he didnt make the deposit in his name.

Nah, thats fine he can beat me in that contest.
That's funny :)
 

Rx Realist
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RobFunk said:
Equally as dumb is the fact that even if he wants to cash out the 90,000. How is he going to collect the funds? I mean he didnt make the deposit in his name.


That's funny :)


Thats weird because I was thinking the same thing. If he won, how was he going to
A. Explain the charges on the cards and
B. Explain the winning put back on the card (not his).
 

I think I want my money back!
Joined
Mar 29, 2005
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so to paraphrase


:modemman: :money8: :party: :suomi:

then

:modemman: :smoking: :Sad Face: :pucking:


then


:cryingcry :headbeat: :nohead:
 

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