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Achilleas Kallakis: The former poker player accused of fraud
A gigantic fraud, that is what can be described the act of Achilleas Kallakis. Former poker player, he is accused by the justice of embezzling nearly $ 1.18 billion, a sum that belong to the Allied Irish Banks (AIB). If he is found guilty, he can faces imprisonment for life. Poker enthusiast, Kallakis is a player who were seen in live tournaments between 2005 and 2009. In all, he accumulated a total gain of $ 300,000 during this period. His greatest achievement was a third place during the Pacific Poker Open which allowed him to pocket a bonus of $ 100,000. His performance during the Party Poker European Open III, a popular video poker is also one of the highlights of his career.
According to reports, the charges against Kallakis and his partner Alexander Williams are quite heavy. It turns out that the two men defrauded millions of dollars of the bank by acting as a director of a company based in Hong Kong. However, the money was used for personal purposes such as for the purchase of 16 properties in the UK. In addition, AIB is not the only victim because the two businessmen also took $ 26 million to the Bank of Scotland. With this sum, Kallakis offered a yacht in Monaco, a private jet, a collection of art, a helicopter and drivers company based in Bentley. Kallakis and his partner denied all the accusation against them. However, the court sentenced them to seven years of imprisonment after the hearing of January 17, 2013.
Source: James WILLIAMS
Wednesday, 23 January 2013
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