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Conviction For Gambler Who Lost $400,000

Tags: Australia, gambler, ITSA, Michael Domenico Figliano, star casino.
Posted on 08 November 2012 by "T".

Michael Domenico Figliano, from Ramsgate, Australia borrowed heavily from his mother before losing almost $400,000 at a Syndey casino. Figliano was convicted in the Downing Centre Local Court of materially contributing to his insolvency by gambling, the Insolvency and Trustee Service Australia (ITSA) announced in a statement on Wednesday.

The conviction last Tuesday followed an investigation by the ITSA, which found that Figliano had lost a total of $393,643 at the Star Casino in between April 2006 and April 2008. Nearly $2.3 million worth of casino chips were used during this 2-year period.

The 59-year-old gambler, who had a clean record and has been proactive in receiving treatment and self-excluding from the Star Casino, was sentenced to two years of good behaviour and has to pay court costs of $150.65.

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9 comments on "Conviction For Gambler Who Lost $400,000"

 nipitiri308/11/2012 13:27:20 GMT
geez lose all in casino and then pay some court extra 150k lol
 TartanBhoy08/11/2012 14:14:36 GMT
except its only $150.65
 ayaraled08/11/2012 14:53:31 GMT
what about that losing in casino is winining in casino illegal also?....
 Fakiry08/11/2012 15:12:14 GMT
I don’t think that Portugal have way to condemn people to good behavior, but seems a nice thing for cases like these. Poor mother. Think about what she must have suffered to feed this addiction. In my country the lightest sentence I know is communitarian work, which would fit similar cases.
 Macubaas09/11/2012 20:04:24 GMT
To be honest i do not see why it is illegal to lose money in a casino?

Of course the money were from his mother but you can also get credited by someone and lose them all in a buisness lol
 billy420swed09/11/2012 22:47:56 GMT
wow that pretty intence
 Greenmohave09/11/2012 22:58:24 GMT
I don't get this crime. So, did his mother press charges on him for losing money that was hers or what is the real crime. Also, as already stated the fine is a measley $150 dollars not no $150 thousnd dollars. It's just this story has no real point other then he lost the money.
 vic7527/11/2012 19:00:02 GMT
been there done that now i just play freerolls ive learned my lessonwont make the same mistake
 jessthehuman27/11/2012 23:40:27 GMT
Posted by vic75:
been there done that

Really? You've gambled away $400K?

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