{"id":5017,"date":"2025-10-20T11:21:22","date_gmt":"2025-10-20T11:21:22","guid":{"rendered":"https:\/\/testedwebsite.us\/realestatee\/agent\/wovandres3593\/"},"modified":"2025-10-20T11:21:29","modified_gmt":"2025-10-20T11:21:29","slug":"wovandres3593","status":"publish","type":"agent","link":"https:\/\/testedwebsite.us\/realestatee\/agent\/wovandres3593\/","title":{"rendered":"wovandres3593"},"content":{"rendered":"

Paddy Power Betfair Fined after Stolen Cash is Gambled through Its Website<\/strong><\/p>\n

Paddy Power<\/a> Betfair<\/a> fined after stolen money<\/a> is bet through its site<\/p>\n

16 October 2018<\/p>\n

\"Register<\/a><\/p>\n

Paddy Power<\/a> Betfair<\/a> has been fined \u20a4 2.2 m for failing<\/a> to stop taken cash being gambled through its website and for failing to safeguard customers showing indications of problem betting.<\/p>\n

\"Register<\/a><\/p>\n

The Gambling Commission stated the bookie’s failings indicated “substantial quantities of stolen cash streamed through their exchange”.<\/p>\n

One customer used money defrauded<\/a> from his company, Birmingham Dogs<\/a> Home.<\/p>\n

\"Register<\/a><\/p>\n

Paddy Power<\/a> Betfair apologised<\/a> and said it had strengthened<\/a> its procedures.<\/p>\n

The regulator stated Paddy Power Betfair’s behaviour was simply not acceptable<\/a>.<\/p>\n

A Gaming Commission examination, external<\/a> likewise found that the bookie failed to engage with consumers who were displaying indications of problem gambling.<\/p>\n

“These failings all originate from one basic principle – operators should know their consumer,” said Richard Watson, Gambling Commission executive director<\/a>.<\/p>\n

<\/a><\/p>\n

“If they understand their client and ask the right concerns then they place themselves in a strong position to satisfy their anti-money laundering and social duty commitments.”<\/p>\n

\"Register<\/a><\/p>\n

‘Very sorry’<\/p>\n

As part of the settlement, Paddy Power Betfair will make a \u20a4 1.7 m payment to GambleAware, the independent charity<\/a> that commissions<\/a> research, education and treatment services to minimize gambling-related<\/a> harm in the UK.<\/p>\n

\"Register<\/a><\/p>\n

Paddy Power Betfair<\/a> chief executive<\/a> Peter Jackson<\/a> stated: “We have a responsibility to step in when our clients reveal signs of problem gambling. In these 5 cases our interventions were ineffective and we are really sorry that this promotion code<\/a> took place.<\/p>\n

“Recently, we have bought an extensive program of work to enhance our resources<\/a> and systems in responsible betting<\/a> and consumer defense. We are motivated that the Gambling Commission has actually recognised considerable improvement given that the time of these cases in 2016.”<\/p>\n

\"Register<\/a><\/p>\n

The commission’s questions centred on five customers in 2016, including 2 who were allowed to bet taken cash – one of whom had defrauded his company, Birmingham Dogs Home.<\/p>\n

Simon Price, who was president of the pet dogs home, and his partner Alayna confessed cheating the charity of \u20a4 894,754 to fund his betting dependency.<\/p>\n

\"Register<\/a><\/p>\n

Mr Price was imprisoned for 5 years at the end of 2017, while Mrs Price was provided a two-year suspended term.<\/p>\n

As part of Paddy Power’s settlement with the Gambling Commission, the cash will be gone back to the pet dogs home.<\/p>\n

Shares in Paddy Power Betfair increased 3.4% in late trading in London.<\/p>\n

\"Register<\/a><\/p>\n

William Hill fined for lax criminal controls<\/p>\n

20 February 2018<\/p>\n","protected":false},"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","agent_location":[65],"agent_category":[],"class_list":["post-5017","agent","type-agent","status-publish","hentry","agent_location-new-york"],"cmb2":{"_agent_contact_details":{"_agent_attached_user":"","_agent_featured":"","_agent_job":"","_agent_email":"andres.beaver@emailchief.website","_agent_website":"","_agent_phone":"4641983","_agent_fax":""},"_agent_socials":{"_agent_socials":[{"network":"fab fa-pinterest"}]},"_agent_location":{"_agent_address":"Klausturvegi 86","_agent_map_location":{"address":"","latitude":"","longitude":""}}},"_links":{"self":[{"href":"https:\/\/testedwebsite.us\/realestatee\/wp-json\/wp\/v2\/agent\/5017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/testedwebsite.us\/realestatee\/wp-json\/wp\/v2\/agent"}],"about":[{"href":"https:\/\/testedwebsite.us\/realestatee\/wp-json\/wp\/v2\/types\/agent"}],"replies":[{"embeddable":true,"href":"https:\/\/testedwebsite.us\/realestatee\/wp-json\/wp\/v2\/comments?post=5017"}],"wp:attachment":[{"href":"https:\/\/testedwebsite.us\/realestatee\/wp-json\/wp\/v2\/media?parent=5017"}],"wp:term":[{"taxonomy":"agent_location","embeddable":true,"href":"https:\/\/testedwebsite.us\/realestatee\/wp-json\/wp\/v2\/agent_location?post=5017"},{"taxonomy":"agent_category","embeddable":true,"href":"https:\/\/testedwebsite.us\/realestatee\/wp-json\/wp\/v2\/agent_category?post=5017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}