Poker Pro Given 12 Year Prison Sentence

Professional poker player and scam artist Bill Jordanou was given a 12 year prison sentence for running a scheme that defrauded his victims to the tune of $53 million.

Jordanou was given the stiff sentence by a judge for the Country Court of Victoria for his role in the scheme, wherein he worked with fellow defendant Robert Zaia. The duo worked to forge documents to secure loans from individuals, many of which used the Commonwealth Bank of Australia to facilitate the transfer. The two used the money to develop property, while other funds were used to finance trips, cars, jewelry, and some went direct to private bank accounts. Among the victims were Mercedes-Benz Financial Services, the Bank of Queensland, and Rhino Money.

Jordanou had a rather successful stint as a professional poker player, bringing in nearly $600,000 in live tournament winnings, mainly at events located in Australia.

During the trial Jordanou was chided by Judge Paul Lacava, who accused him for wasting the court's time with frivolous cross-examinations of witnesses. Jordanou was given a hefty 12 year sentence with 198 days credit for time served. Zaia is still awaiting his sentencing date.

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bgsharpe
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24 August 2018 - 2:57pm
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Well, this looks like a typical Ponzi scheme of what Jordanou and his partner arranged there.

That's a shame for someone who has been at a pretty good level as a poker pro and probably could of make some decent profits even without taking part in a fraud schemes..anyway...he'll pay for that now..and it won't be cheap.

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