Tuesday, July 13, 2004

money laundering, high rollers and obscene sums of money

Westpac sued for fraud loot

Aspinalls, the exclusive club in London's Mayfair is currently suing an Australian bank to make good on 2 cheques worth £2.63 million from an account held by a convicted fraudster and gambling high roller.

The fraudster in question laundered over £30 million from foreign bank accounts into the Australian account before being convicted for Singapore's largest commercial fraud.

Aspinalls claims that the Australian bank delayed payment on 2 large cheques despite being couriered from London to Sydney - 2 weeks later the account was frozen and Aspinalls never received the money

The high-flying banking exec played the casinos in London, Australia and Asia for up too £250,000 per hand - and his cheques went through despite being reported to the regulators a dozen times by Crown Gaming in Australia.

The guy now has 42 years to think over where he went wrong - but at least he did it in style...

posted by jo @ 2:19 AM   0 comments

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