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High-Roller Sentenced To Jail For Defrauding UK Banks

Tags: Achilleas The Don Kallakis, Alex William, casino, fraud, high-stakes, jail, poker, real estate
Posted on Wednesday, January 23, 2013 by "T".
Last week a Greek businessman and poker player was sentenced to 7 years in jail for defrauding UK banks out of some 750 million British Pounds. Achilleas "The Don" Kallakis, 44, lived a jet-set lifestyle of high-stakes real estate purchases and casino/poker gambling. In total, he invested in 16 real estates for €120,000,0000 from 2003 to 2008 and had a private jet, helicopter and super y[...]   Read more » High-Roller Sentenced To Jail For Defrauding UK Banks

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  23-Jan-13, 10:54   #1
High-Roller Sentenced To Jail For Defrauding UK Banks 0 
lukasb 

Joined: Mar '11
Location: Croatia
Age: 36 (M)
Posts: 1735
So the sentence is another 7 years of free food and shelter. The difference this time is that the state is paying and not the banks. It doesn't seem fair does it? One would think that the amount of jail time would be proportional to the amount of money they stole, not just the crime committed.

Edited by lukasb (Wednesday, January 23, 2013 @ 10:55 GMT)


     
  23-Jan-13, 11:18   #2
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 32 (M)
Posts: 8643
@lukasb- well imo there is a small difference between free food and shelter he will be getting in jail and what he was used to... of course a lot depends on how much money he is prepared to shell out to his lawyers- his jail time can be shortened by few years for sure...well he will have lots of time to play strip poker in jail.. Tongue

     
  23-Jan-13, 11:24   #3
  0 
saynothing 

Joined: Nov '12
Location: Canada
Age: 55 (F)
Posts: 589
I got a comment , if 1 could last 1yr in a us state prison then come out completely normal id say there lucky, he dose deserve to go to jail 4 sure and will pay BIG time 4 what he dose carma is a bitch!

     
  23-Jan-13, 11:24   #4
  0 
bullettooth1 

Joined: Mar '11
Location: United Kingdom
Age: 32 (M)
Posts: 1635
Posted by pochui:
@lukasb- well imo there is a small difference between free food and shelter he will be getting in jail and what he was used to... of course a lot depends on how much money he is prepared to shell out to his lawyers- his jail time can be shortened by few years for sure...well he will have lots of time to play strip poker in jail.. Tongue

The jails are soft as s**t over here anyway. A lot of people re offend just to go back to jail because its easier and better than if they were on the outside. They get all sorts of perks. It's like being in a b&b.

     
  23-Jan-13, 11:25   #5
  0 
pokershark74 

Joined: Feb '11
Location: Canada
Age: 27 (M)
Posts: 831
hope he likes smoking lmfao about all they gamble for in most jails is cigs bugger got what he deserved

     
  23-Jan-13, 11:30   #6
  0 
saynothing 

Joined: Nov '12
Location: Canada
Age: 55 (F)
Posts: 589
ahh its in the uk, I thought it was a us player my bad LOL, its like being in a b&b

     
  23-Jan-13, 11:31   #7
  0 
lukasb 

Joined: Mar '11
Location: Croatia
Age: 36 (M)
Posts: 1735
If he goes to a general public prison sure. The thing is most of these guys even thou they're locked up, they still get special treatment. Private cells with tv and sometimes even pc etc etc. Suit crooks always seem to get away with it i tell u. In the end u get the feeling they got arrested and convicted and still they're laughing at ur face Angry

     
  23-Jan-13, 11:32   #8
  0 
saynothing 

Joined: Nov '12
Location: Canada
Age: 55 (F)
Posts: 589
I say ship his ass abroad to like mexico 4 his sentence, then i bet he wont reoffend if he gets out alive Big Smile

     
  23-Jan-13, 11:59   #9
  0 
bullettooth1 

Joined: Mar '11
Location: United Kingdom
Age: 32 (M)
Posts: 1635
Posted by lukasb:
If he goes to a general public prison sure. The thing is most of these guys even thou they're locked up, they still get special treatment. Private cells with tv and sometimes even pc etc etc. Suit crooks always seem to get away with it i tell u. In the end u get the feeling they got arrested and convicted and still they're laughing at ur face Angry

yeah they have playstations over here if they are "good" lol

     
  23-Jan-13, 14:12   #10
  0 
lukasb 

Joined: Mar '11
Location: Croatia
Age: 36 (M)
Posts: 1735
Posted by bullettooth1:
Posted by lukasb:
If he goes to a general public prison sure. The thing is most of these guys even thou they're locked up, they still get special treatment. Private cells with tv and sometimes even pc etc etc. Suit crooks always seem to get away with it i tell u. In the end u get the feeling they got arrested and convicted and still they're laughing at ur face Angry

yeah they have playstations over here if they are "good" lol

Lol at that! They'll probably be playing Grand Theft Auto or something Big Smile

     
  23-Jan-13, 14:16   #11
  0 
Fakiry 

Joined: Apr '09
Location: Portugal
Age: 37 (M)
Posts: 4764
Wow, I wonder how did the story of Achilleas "The Don" Kallakis started. Did he first started winning at the game and only after, moved by the greed and the power that all the recognition from the victories were giving , he started scamming? Or did he started scamming since the beginning and the “a lie repeated millions of times becomes true” effect allowed him to get were he did? We are talking about five years, this guy can almost be compared to Bernard Madoff, the Wall Street businessman that did something looked like this and no one suspected until he decided to tell the truth to the world, knowing he would be judged for it…

     
  23-Jan-13, 16:26   #12
  0 
konan91 
Joined: Nov '11
Location: Poland
Age: 25 (M)
Posts: 9
7 years is too less for me... With this cash he will live as king in prision..

     
  23-Jan-13, 18:27   #13
  0 
ambients 
Joined: Feb '11
Location: Latvia
Age: 55 (M)
Posts: 2
wow, 7 years thats a lot!

     
  23-Jan-13, 19:08   #14
  0 
pinku135 
Joined: Sep '12
Location: India
Age: 24 (M)
Posts: 335
Good day everyone Smile
The crime committed by him is bigger than the punishment he has received for his fraud is really small ...but the way he lead his life till he got caught was king size !!! with the amount of money he have right now and he surely will have influential people around him ... they will help him out and he may even get released before 7 years !!! whatever he was genius ... he pulled off such a big fraud !!! but eventually got caught ...

Good luck at the tables Thumbs Up Thumbs Up

     
  23-Jan-13, 19:12   #15
  0 
Greenmohave 

Joined: Jan '11
Location: United States
Age: 52 (M)
Posts: 3361
I guess they'll be playing poker, but the kind that they like to play in jail can be a bit more painful unless, of course, your on top. LOL

A bit of sick humor!

So, to rake the bank for 26 million cash based on their word that they were to convert some ferry into yacht is just stupidity on the bank's behalf themselves. The problem is, wealthy people that are actually crooks get this type of cash witghout the banks performing legitimate verification of such things. Not so wealthy people have to fill out their life history plus the bank has an estimator or an appraiser verify the property that one is borrowing against.

Oh well! They're in jail and the bank won't receive, but a portion of their money back. Of course after they sale off everything these two have.

     
  23-Jan-13, 19:33   #16
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 51 (M)
Posts: 6235
This guy was on television a few times. I must say, i was never impressed by his poker skills, he played like a rich fish. But it looks his bank cheating skills are much better.

     
  24-Jan-13, 00:55   #17
  0 
OnedOutAK 
Joined: Jan '12
Location: Canada
Age: 27 (M)
Posts: 140
dont get how this guy gets the jail sentence and the old FT crew didnt.... they too shouldve went to jail... for sure

     
  24-Jan-13, 10:22   #18
  0 
3paulx 
Joined: Feb '11
Location: Philippines
Age: 31 (M)
Posts: 87
i really cant imagine why does some people does that just to get everything they want, if you wanna get something go work for it dont steal someones money! another epic example of greedy people

     
  24-Jan-13, 10:36   #19
  0 
SirPoncho 
Joined: Oct '11
Location: Germany
Age: 31 (M)
Posts: 154
omg another day another bad publicity for poker,especilly since the guy is known by television shows which aired everywhere......
but like other before me allready said it allways seem to be the busniness man who are bad at poker and start to getting greedy

     
  24-Jan-13, 14:52   #20
  0 
Fakiry 

Joined: Apr '09
Location: Portugal
Age: 37 (M)
Posts: 4764
Posted by SirPoncho:
omg another day another bad publicity for poker,especilly since the guy is known by television shows which aired everywhere......
but like other before me allready said it allways seem to be the busniness man who are bad at poker and start to getting greedy

I don’t think this is bad publicity for poker, as he was also playing other games, this is bad publicity for business men and bad news for the greedy ones!!!

     
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