commit 80f9e025137b133ef8071a0a4c59ec6677aab0b0 Author: lavonneq058514 Date: Mon Oct 27 10:35:07 2025 +0800 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..b13eece --- /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)
[Betfair fined](https://harry.main.jp/mediawiki/index.php/YOHAIG:_Your_Gateway_To_Bet9ja_League_Free_Bets_-_Complete_Walkthrough) after stolen cash is gambled through its website
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16 October 2018
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Paddy Power [Betfair](http://git.oksei.ru/marthagaskins2) has actually been fined ₤ 2.2 m for stopping working to stop [stolen cash](http://onestopclean.kr/bbs/board.php?bo_table=free&wr_id=889239) being bet through its website and for stopping working to safeguard consumers showing indications of issue gaming.
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The Gambling Commission stated the bookie's failings meant "considerable amounts of taken cash flowed through their exchange".
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One customer used money defrauded from his company, Birmingham Dogs Home.
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Paddy Power [Betfair](http://ysx.myds.me3005/ronnysnoddy476) [apologised](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR) and stated it had enhanced its [treatments](https://luqueautomoveis.com.br/index.php?page=user&action=pub_profile&id=420157).
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The [regulator stated](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR) [Paddy Power](http://knowledge.thinkingstorm.com/UserProfile/tabid/57/userId/2206627/Default.aspx) Betfair's behaviour was merely not acceptable.
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A Gaming Commission investigation, external likewise discovered that [the yohaig code](http://onestopclean.kr/bbs/board.php?bo_table=free&wr_id=889239) bookmaker stopped working to sufficiently interact with customers who were displaying signs of problem gambling.
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"These failings all stem from one simple principle - operators should know their consumer," [stated Richard](https://picturegram.app/gracielaboser0) Watson, Gambling [Commission executive](https://git.student.rea.ru/eusebiamack060) [director](http://baylan.la.asu.edu3000/zenaidawillshi).
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"If they understand their client and ask [the yohaig code](https://gitlab.cranecloud.io/clarabosch8916) right concerns then they place themselves in a strong position to fulfill their anti-money laundering and social responsibility commitments."
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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 to GambleAware, the independent charity that commissions research, education and [treatment services](https://osclass-classifieds.a2hosted.com/index.php?page=user&action=pub_profile&id=188847&item_type=active&per_page=16) to [minimize gambling-related](https://osclass-classifieds.a2hosted.com/index.php?page=user&action=pub_profile&id=184912&item_type=active&per_page=16) harm in the UK.
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Paddy Power Betfair president Peter Jackson stated: "We have an obligation to intervene when our clients reveal signs of problem betting. In these 5 cases our interventions were ineffective and we are really sorry that this happened.
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"Over the last few years, we have actually purchased a comprehensive program of work to enhance our resources and systems in accountable betting and customer defense. We are encouraged that [the yohaig code](https://wiki.tgt.eu.com/index.php?title=YOHAIG:_Your_Gateway_To_Bet9ja_League_Free_Bets_-_Complete_Walkthrough) [Gambling Commission](https://wikisofia.cz/wiki/U%C5%BEivatel:LuciePelsaert5) has actually recognised considerable improvement given that the time of these cases in 2016."
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The commission's inquiry centred on five clients in 2016, including 2 who were permitted to bet stolen money - among whom had defrauded his employer, Birmingham Dogs Home.
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Simon Price, who was president of [the yohaig code](https://wiki-comisiones.exactas.uba.ar/index.php/Usuario:Dannielle9793) pet dogs home, and his better half Alayna admitted cheating the charity of ₤ 894,754 to fund his betting dependency.
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Mr Price was jailed for 5 years at the end of 2017, while Mrs Price was provided a two-year suspended term.
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As part of Paddy Power's settlement with the Gambling Commission, the cash will be gone back to the canines home.
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Shares in Paddy Power Betfair rose 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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