Paddy

they're

Another bookie got caught on their ill-gotten gain mentality (regardless). No doubt, the same sh1t, different day response on its way. How could anyone/entity not noticed something untoward was taking place? More like deliberate "blindness" to criminal events occurring.

Another trash of a bookie.

Drug dealers welcome......real punters restricted..

I firmly believe, in future, any bookie caught behaving in the same manner ought to be punished with a fine of 10% of the annual gross profit; betting/gaming licence reviewed within two years in the recurrence of the same offence, and penalty doubled, if so.

No wonder liquidity is down on the exchange if you can't put stolen money through here anymore

In all seriousness TheFear you might be right

Mr Price, a gambling addict, calculated to police that he had spent £700,000 through his account on the Betfair website from 2009.

https://www.bbc.co.uk/news/uk-england-birmingham-42452828

Bigmarts 13,000 plus bets clearly showed Paddy wasnt dealing with problem losing gambling addicts.

He gets 5 years and she walks

Hope the mods don't see this

Who would have thought that bookies were more interested in money gains than the law......hands ?

a far more interesting stat, would be how many proof of income letters have been served to large staking punters, over the last few years.

The dealer
over the last few months I have given 2 out.
not seen either of the punters again.
regards
Ronnie.

i know of 2 around my way Ronnie, one still here, the other gone. too small a sample to judge but would be fair to think the gones would outnumber the stays, when questioned imo.

A mate of mine was/is a VIP customer with 888. He's down around £80,000 in five years. They asked him for proof of income recently, and after reviewing it they said they have no choice but to limit his account to £1,000 a month deposits.

Be interesting to see if the money gone missing from Patisserie Valerie (£10m+), is linked to gambling.

Hard to blow that much on many things??

I know someone who had an account on here and upped his account limit to be allowed to punt 50k in one transaction with no questions whatsoever, just one simple phonecall. I am not surprised by anything I read about checks not being done.

Paddy stamping down big time on accounts, my sportsbook acct just been culled, removal of offers and privileges.

Two friends also in the same boat (received account message within a couple of minutes of myself).

According to a couple of forum threads i have read, tonnes of accounts gone over the last few days.

The PV money ( unknown loans ) was more likely used to support/play the stock price.  Certain profits. Or then again maybe just used to keep a loss making firm going.

  Paddy stamping down big time on accounts, my sportsbook acct just been culled, removal of offers and privileges.

      Big Boss, a lot of those messages were sent out to people who preferred a fixed commision rather than the

      Bog on sportsbook and other promotions. You obviously had to opt in, the messages came around a month or so ago.

... sorry just seen there is another thread all about it. !! 

Looking at the bbc dogs home 700k lost link on thread  is it the case  that some winners on here either directly or indirectly profited from stolen charity money ?

Glasgow, I haven't opted in to anything concerning fixed commission rates

Paddy Power Betfair fined £2.2million by watchdog after bookmaker failed to carry out proper checks and allowed stolen cash to be gamble

An investigation by the Gambling Commission found that Paddy Power's online exchange Betfair did not carry out adequate anti-money laundering checks, allowing a 'significant' amount of stolen money to be gambled with.

The focus of the commission's inquiry was on five customers in 2016 - two of which were allowed to gamble stolen money.

One of these was Simon Price, who was found to have defrauded his employer, Birmingham Dogs Home.

Price, who was chief executive of the dogs home at the time, and his wife Alayna, confessed to cheating the charity in an £894,754 fraud continuing over four years, from 2012, in order to fund his gambling addiction.

The probe also revealed that Paddy Power failed to protect three customers who all showed signs of gambling addiction.

They were found to have been allowed to bet 'extensively' online and through its betting shops despite signs of problem gambling, the watchdog found, which were not discovered after a failure to interact with customers.

Paddy Power Betfair will pay £1.7million to Gamble Aware, a charity that looks into ways of preventing gambling addiction, as well as just under £500,000 to victims and impacted parties and £50,000 to cover investigation costs by the commission.

Richard Watson, executive director of the Gambling Commission, said: 'As a result of Paddy Power Betfair's failings significant amounts of stolen money flowed through their exchange and this is simply not acceptable.

'Operators have a duty to all of their customers to seek to prevent the proceeds of crime from being used in gambling.

'These failings all stem from one simple principle - operators must know their customer.'

Betfair operates the world's largest online betting exchange and was listed on the London Stock Exchange until it merged with Paddy Power in February 2016 to establish Paddy Power Betfair.

Peter Jackson, CEO of Paddy Power Betfair said: 'We have a responsibility to intervene when our customers show signs of problem gambling. In these five cases our interventions were not effective and we are very sorry that this occurred.

'In recent years, we have invested in an extensive programme of work to strengthen our resources and systems in responsible gambling and customer protection.

'We are encouraged that the Gambling Commission has recognised significant improvement since the time of these cases in 2016.

'This work is continuous and we are committed to working in partnership with other operators and with the Commission to become better and better at protecting customers.'


So that's why they E-mailed me for putting £150 in on Saturday, you could not make it up

why paddy getting the headlines if the betting was on betfair exchange?

Do banks get fined for processing this money too? I imagine they would have to process it, tough to get money into a betting account without using a bank at some point.

Oct 16, 2018 -- 3:35PM, TheFear wrote:

why paddy getting the headlines if the betting was on betfair exchange?

paddy owns betfair ,, [  i think ]]

aye, thought it was a 52/48 split. Dunno why they dont just go paddy power exchange and be done with it.

PaddyPower Exchange? What an awful thought! That would certainly make me depart to elsewhere; Paddies is sh1te,..they reneged on a free bet, and I binned them immediately.

the licensed (and fined) company is called paddypowerbetfair.  The merger details are irrelevant now.  The original companies don't exist anymore, just brand names.

has the PP brand not just been devalued (not literally) by sth BF did though

if you read the article they were also fined for shop activities.  In any case the GC referred always to Paddypowerbetfair - a journo decided to split them up in the article c+p above.

thanks dave, i only read one article on it.

  Glasgow, I haven't opted in to anything concerning fixed commission rates


  .. strange one then BB, should you ask them for details why the cull. ?

i emailed them, usual diatribe, business decision, cannot be reversed, no reasons given

i did cop a couple of sporting life acca's last couple of weeks, and had a run of six winners out of eight on the nags, maybe something to do with it

if they wont reverse the decision then I will look at the basic commission option if available