Facebook Twitter Instagram
    CasinoDada
    • Home
    • Betting
    • Casino
    • Gambling
    • How-To
    • Poker
    • Sport Gambling
    Facebook Twitter Instagram
    CasinoDada
    Home » Spreadex Sues Robert Tchenguiz for Spread Betting Losses
    Betting

    Spreadex Sues Robert Tchenguiz for Spread Betting Losses

    By Casino Dada TeamMay 18, 2023No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Day trader

    Spreadex is suing property tycoon Robert Tchenguiz for £2m ($2.5m) to get better his unfold betting losses plus curiosity. [Image: Shutterstock.com]

    Spreadex is suing property tycoon Robert Tchenguiz for £2m ($2.5m) over his unfold betting losses. The 62-year-old opened accounts with varied unfold betting operators as he was constructing a place in FirstGroup.

    wagers started to show south following the onset of the pandemic

    The British businessman started specializing in the transport firm again in 2019 as a US hedge fund was making an attempt to interrupt up the agency. His wagers started to show south following the onset of the pandemic, resulting in Spreadex closing out the open unfold bets. The total negative balance is £1.5m ($1.9m) and the operator charged 1% in month-to-month curiosity. The curiosity invoice has handed the £580,000 ($723,994) mark.

    In monetary unfold betting, individuals attempt to predict the path {that a} given monetary instrument will go with out proudly owning the underlying asset. Important leverage is usually concerned.

    Tchenguiz has had comparable points with different operators. Final 12 months, the Excessive Courtroom ordered him to pay CMC Markets £1.3m ($1.6m), whereas he additionally settled a declare with IG Index. The businessman has labeled the merchants as being opportunistic at a time when individuals had been significantly weak. A spokesperson for Tchenguiz mentioned that he’s keen to pay a good quantity, however not “the inflated quantities they are saying they’re owed.”



    Source link

    Related posts:

    1. DC and Wyoming Officials Snub Problem Gambling Funds
    2. The Top 5 Most Egregious Referee Mistakes in NBA History
    3. Kings Mountain Casino Breaches Federal Law – Faces Temporary Closure – Casino News USA
    4. NFL Suspends Five Players for Gambling Policy Violations
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Casino Dada Team
    • Website

    Related Posts

    Ethan “Rampage” Yau Talks About His Young Poker Career

    May 30, 2023

    Brazilian Soccer Player Gets Lifetime Ban for Match-Fixing

    May 30, 2023

    Seattle Police Search for Triple Casino Shooting Gunman

    May 30, 2023

    Neymar Ditches Teammates to Play Poker at Monaco GP

    May 29, 2023

    Recent Posts

    • Ethan “Rampage” Yau Talks About His Young Poker Career
    • Brazilian Soccer Player Gets Lifetime Ban for Match-Fixing
    • Seattle Police Search for Triple Casino Shooting Gunman
    • Neymar Ditches Teammates to Play Poker at Monaco GP
    • Best New Online Slots of the Week

    Recent Comments

    No comments to show.

    Archives

    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • August 2022
    • May 2022

    Categories

    • Betting
    • Bingo
    • BlackJack
    • Casino
    • Gambling
    • How-To
    • Lottery
    • News
    • Poker
    • Slot
    • Sport Gambling
    • Tips-Guides
    • Uncategorized
    • Home
    • Bingo
    • BlackJack
    • Blockchain
    • Online Lotteries
    © 2023 CasinoDada.com. All Right Reserved. Designed and Developed by WebEntrepreneurs4U

    Type above and press Enter to search. Press Esc to cancel.