Man Jailed After Keeping £766k of Casino's Money

Man Jailed After Keeping £766k of Casino's MoneyIn the past, people have been prosecuted for keeping even small amounts of money found lying around on the floor, with the offense technically known as ‘theft by finding’. One such example is provided by UK woman Nicole Bailey, 23, who this year received a criminal record for not reporting the £20 she stumbled upon on a shop floor.
Therefore, it’s hardly surprising that UK resident Sandeep Singh now finds himself in whole lot of hot water after keeping the £766,098 mistakenly paid into his bank account by the Rubicon Casino in Wolverhampton. Consequently, he will now spend the next 12 months of his life behind bars.
The paying in errors occurred over a protracted period of time between October 2014 and October 2016, and centred around a mix-up involving the ATM cash machine located at Singh’s off-licence in Northampton, and DC Payments Ltd, the company which provides the ATM product and service. According to their agreement, the shop keeper was responsible for keeping the ATM filled with money, with the cash subsequently reimbursed by DC Payments on a regular basis.
In error, however, Singh’s ATM was mistakenly confused with the busy cash machine housed at the Rubicon Casino, with the proprietor then regularly refunded the casinos’ money for two years. After DC Payments eventually realised its mistake, and tried to contact him, the company discovered Singh had already sold his business, and was refusing to take their calls.
Formal proceeding subsequently led to Singh admitting to spending more than £260,000 of the money, including £75,000 buying a house, and a further £80,000 transferred to India. The remainder of the cash has now been frozen in his bank account, and overall around £600,000 should be recoverable.
In court, prosecutor Lynsey Knott drew attention to the fact Singh failed to notify DC Payments of the error, even though there were ample opportunities to do so during regular site visits to his off-license. In the meantime, Singh’s barrister, Martin Liddiard, defended his client by stating:
“The offence came to him rather than he to it and, whilst serious, it would be a shame if he had to spend time in custody and break that work cycle. He no longer has a shop and is working in engineering and IT. The lions share, if not all of it is going to go back.”
Nevertheless, Judge Nicholas Dean QC handed Singh a year’s sentence, described him as a hardworking family man who ultimately let himself and his wife and child down.

Other news:   Spanish Chess Master Pulls Out of Tournament Over Unpaid Poker Taxes

Poker News
08 May 2018
Best selling author Maria Konnikova, famous for such books as How to Think Like Sherlock Holmes (2013) and The Confidence Game (2016), decided to turn her psychology and writing skills towards the subject of poker in early 2017. At the time, though, the Harvard University educated Ph.D. in psychology admitted to not even knowing how
01 May 2018
Last Tuesday, US-facing poker site Americas Cardroom (ACR) was targeted by a distributed denial of service (DDoS) attack which crippled the site’s traffic, ultimately leading to a cancellation of the tournaments it was running at the time. After working to resolve the issue, another cyber attack was then launched against ACR on Sunday, meaning that
10 Apr 2018
Here is a round-up of some of the latest poker news to make the headlines over the past few days, including a poker pro scamming travelers out of money, a controversial late half-price offer being made for the HPT Main Event at the Westgate Las Vegas, and Doug Polk finally being blocked from accessing Daniel
29 Mar 2018
Last week, Francisco Vallejo Pons, a Spanish chess Grandmaster, pulled out of the European Individual Championship in Batumi, Georgia having made it through to the competition’s fifth round. Vallejo had previously won the event in 2013, and was this year’s fourth placed seed, with the tournament acting as an important qualifier for the 2019 Chess