Online betting group and Kindred subsidiary 32Red has paid £590,000 to a Northern Ireland business whose former employee stole that sum of money from them in order to gamble on the betting site.
The company that had funds stolen was identified as S3 Alliance out of Derry, Northern Ireland. A former employee named Tracey Curran stole money from S3 by using company credit and debit cards. The money was then entirely bet on 32Red, and lost. Curran pleaded guilty to six counts associated with the case, and will be sentenced in the near future.
32Red paid the funds to the company "as a gratuity", according to a Public Prosecution Service barrister. The move comes after several incidents that 32Red has had, leading to bad press and regulatory penalties. Last year they were fined £2 million for various systems failures and oversights, which led to an addicted gambler losing £790,000.
No comment on the payment was made by 32Red or Kindred.
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