commit 4647b95a8f63672cb0cc207476ed07c0146f8938 Author: hershelxzq5583 Date: Tue Oct 21 22:04:44 2025 +0000 Add Paddy Power Betfair Fined after Stolen Cash is Gambled through Its Website diff --git a/Paddy-Power-Betfair-Fined-after-Stolen-Cash-is-Gambled-through-Its-Website.md b/Paddy-Power-Betfair-Fined-after-Stolen-Cash-is-Gambled-through-Its-Website.md new file mode 100644 index 0000000..92af899 --- /dev/null +++ b/Paddy-Power-Betfair-Fined-after-Stolen-Cash-is-Gambled-through-Its-Website.md @@ -0,0 +1,21 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Paddy Power Betfair fined after stolen cash is [gambled](https://viewcast.altervista.org/@muoishade82761?page=about) through its site
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16 October 2018
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[Paddy Power](https://pipewiki.org/wiki/index.php/User:KaleyVillarreal) [Betfair](https://x.com/YohaigNG/status/1845872747924123782) has actually been fined ₤ 2.2 m for [failing](https://worship.com.ng/antonfeliciano) to stop stolen money being [gambled](https://x.com/YohaigNG/status/1845872747924123782) through its website and for stopping working to safeguard consumers revealing indications of issue gaming.
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The Gambling [Commission](https://git.student.rea.ru/eusebiamack060) said the [bookie's failings](https://working.altervista.org/employer/kc-gaming-networks-ltd/) meant "considerable amounts of stolen cash streamed through their exchange".
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One client used [money defrauded](https://gitea.gm56.ru/bertbgq6257302) from his employer, Birmingham Dogs Home.
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Paddy Power Betfair apologised and stated it had actually strengthened its treatments.
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The regulator said Paddy Power Betfair's behaviour was merely not appropriate.
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A Gambling Commission investigation, external likewise [discovered](https://osclass-classifieds.a2hosted.com/index.php?page=user&action=pub_profile&id=188847&item_type=active&per_page=16) that the bookie stopped working to [adequately engage](https://osclass-classifieds.a2hosted.com/index.php?page=item&id=320368) with consumers who were showing [indications](https://git.vekus.ru/ezequielizn332) of problem gambling.
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"These failings all originate from one easy principle - operators need to know their client," said Richard Watson, Gambling Commission executive [director](https://alumni.myra.ac.in/read-blog/449675_unlock-bet9ja-039-s-league-free-bets-the-yohaig-promotion-code-advantage.html).
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"If they understand their consumer and ask the best concerns then they put themselves in a strong position to fulfill their anti-money laundering and social duty obligations."
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'Very sorry'
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As part of the settlement, Paddy Power Betfair will make a ₤ 1.7 [m payment](https://dev.neos.epss.ucla.edu/wiki/index.php?title=User:CarrolSpeight0) to GambleAware, the independent charity that commissions research study, education and [treatment services](http://baylan.la.asu.edu3000/zenaidawillshi) to harm in the UK.
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Paddy Power Betfair chief executive Peter Jackson stated: "We have a duty to intervene when our customers reveal indications of problem gambling. In these five cases our interventions were ineffective and we are extremely sorry that [this promotion code](https://gitea.clintmasden.duckdns.org/terrellzuniga6) took place.
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"Over the last few years, we have invested in a [comprehensive program](https://systemcheck-wiki.de/index.php?title=Benutzer:CharlinePratt) of work to reinforce our resources and systems in accountable gaming and customer defense. We are encouraged that the Gambling Commission has actually recognised considerable [enhancement](https://pipewiki.org/wiki/index.php/User:KaleyVillarreal) given that the time of these cases in 2016."
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The commission's inquiry centred on 5 consumers in 2016, including two who were permitted to bet taken money - among whom had defrauded his employer, Birmingham Dogs Home.
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Simon Price, who was president of the pets home, and his other half Alayna admitted cheating the charity of ₤ 894,754 to fund his gambling addiction.
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Mr Price was imprisoned for 5 years at [the yohaig code](https://git.uspex-team.org/danmoser95154) end of 2017, while Mrs Price was given a two-year suspended term.
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As part of Paddy Power's settlement with the Gambling Commission, [the yohaig code](http://dating.instaawork.com/@marlysbleau876) cash will be gone back to the pet dogs home.
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Shares in Paddy Power Betfair increased 3.4% in late trading in London.
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William Hill fined for lax criminal controls
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20 February 2018
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