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Football Index Collapse.

HAYSIEHAYSIE Member Posts: 35,862
edited May 2021 in The Rail
Collapse of Football Index leaves customers more than £90m out of pocket in biggest gambling business failure in British history



The firm, founded by former pornographer Adam Cole, 70, collapsed into administration in March, with some users left nursing losses of more than £100,000.

https://www.dailymail.co.uk/money/markets/article-9630489/Collapse-Football-Index-leaves-customers-90m-pocket.html
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  • TheEdge949TheEdge949 Member Posts: 5,686
    edited May 2021
    Many people myself included saw what was coming and got our money out before the new player registration values, bonus changes and new issues meant many portfolios were worthless.

    The real sickener is that people like Caan Berry were warning about the coming collapse and getting mercilously savaged by people who then got trapped in the spiral of greed.

    Even after the site was suspended large portfolio owners still urged people to get in whilst players were mere pennies.

    I have some sympathy but it's tempered by the knowledge that these guys just didn't want to know, to them it was printing money, to others it appeared to bear all the hallmarks of a Ponzi scheme.

    The only ones who lost money were the ones who refused to see it for what it was.
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