The famous US student fraternity Alpha Kappa Psi was a victim of fraud which involved millions. The former chief financial controller Curtis D. Anderson (58) embezzled around three Million US-Dollar from the organisation within a long period of time. He used this substantial sum of money to finance his gaming addiction. In December 2018 the 58-year old Anderson was relieved of his duties. Now the federal prosecutor has pressed charges against the fraudster. In the following article we will reveal which penalty the former chief financial controller is facing and if this type of fraud would also be possible in a German organisation.
Nowadays there is hardly an online casino which does not advertise with an allegedly attractive welcome bonus. The main aim of the gambling providers is to increase the number of members. In view of the constantly increasing number of online casinos this is no mean feat. To be able to survive the market, the providers must set their services apart from that of the competitors either by providing an exclusive game portfolio or with a lucrative bonus offer. As a potential player one has the privilege to choose the favourite provider and receive significantly higher bonuses then previous times, when there were less virtual casinos. But watch out: There are a number of pitfalls which could be the downfall of inexperienced players.
In just two nights a 31-year old man from Great Britain gambled away several million in Swiss Francs. This happened last year over two nights at the casino in Zürich. Now the young man wants to proceed against the casino, because those responsible there did not stop him from playing, despite his explicit request. The Swiss Commission of Casinos, which is responsible to oversee the casino in Switzerland, does not hold itself responsible. The question is if the man was driven by a gaming illusion and could one have been banned from gambling earlier on. Recently the calls for betting limits and loss limit in Online Casinos are always getting louder.
Las Vegas is not only the largest city in the US Federal State Nevada, but also the most significant place worldwide for gambling. More than 600,000 people live in the dazzling big city and year after year millions of tourists used to visit Las Vegas. However this year, because of the Covid-19-Pandemic everything is different.
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