Joined: Apr '11
Location: Romania
Age: 58 (M)
Posts: 2432
Achilleas Kallakis was once a staple figure on the UKpoker circuit, appearing on a number of TV shows and banking over $300,000 in tournament winnings. Working with Alexander Williams, Kallakis used deeds from a Hong-Kong estate agent to borrow money from the Allied Irish Bank and Bank of Scotland. Despite convincing the banks the property investments were legitimate, Kallakis used the money to fund a lavish lifestyle, which included purchasing a passenger ferry and converting it to a private yacht.
Joined: Apr '11
Location: Romania
Age: 35 (M)
Posts: 6669
Now thats definately a serious fraud if you ask me, i think on dollars that would be close to 1 billion dollars
Only time will tell but i think it's very possible that he had inside people on that banks, banks usually don't borrow money unless you have some solid guarantees.
