Bank manager in court over £7 million IOU
A former financial consultant who stole £10 million in an elaborate scam to fuel his obsession with horse racing is due to be sentenced today. Gambling-mad Graham Price, 58, left a signed IOU for £7 million in the safe of the Halifax Bank agency he ran in Gowerton, south Wales.
Related Gambling News:
- Bank boss gambled with stolen £10m
- Bank manager jailed for stealing
- Greek banker arrested for gambling client savings
- IOU bank thief ‘blames himself’
- Bank clerk stole £500,000 to feed gambling habit
- Cut Bank man claims jackpot
- Bar manager is named in gambling count
- Pokies addict who stole $3m gets five years
- Casino-boat operators who fleeced Oakwood bank guilty of tax fraud
- Casino group in £7.4m court fight
- Bank Donates To Charity Robbed At S.F. Bingo Hall
- Bank worker accused of taking nearly RM550,000 to pay off gambling debts
Do you know that:
- The introduction of the single zero wheel (with better odds for the player) resulted in the demise of the double zero wheels in Europe and has become known as the "French Wheel" in roulette history.
- Riverboat casinos were first legalized in Iowa, then Illinois, followed closely by Missouri, Indiana, Louisiana, and Mississippi.
- Originally, the double-zero wheel started in Europe and the single-zero wheel started in America. But, Europeans liked the single-zero wheel better, and Americans liked the double-zero wheel better so they switched. Today, the American wheel and double-zero wheel are synonymous.
- French mathematicians Pierre de Fermat and Blaise Pascal explored the mathematics of gambling, leading to the formulation of Pascal's theory of probability in 1654.
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