Allan Endresz is the face of business nightmare. In two decades of evading pursuit by government regulators, the disgraced share trader has found a way to ensure he never has to pay his debts to anybody. In the epic saga Endresz was telling his Cook Islands bank that he secretly owned $50 million in stock…
The anguish on Michael Harriss face said it all. The British-born roofer broke down this week when he appeared as a witness at the banking royal commission. In between deep breaths, Harris told commissioner Kenneth Hayne how he had amassed a $35,000 credit card debt with the Commonwealth Bank, and how his attempts to get…
The Commonwealth Bank continued to offer card limit increases to a young man deep in credit card debt after he told them he had a gambling problem. The banking royal commission heard evidence from David Harris, who racked up over $35,000 in debt on CBA credit cards. Mr Harris is one of more than 2,500…
The Commonwealth Bank offered to boost a customers credit card limit by thousands of dollars – adding to his existing debt of more than $27,000 – just days after he told the bank he had a problem gambling habit. And the bank has not yet put enough systems in place to prevent similar cases, a…
The Commonwealth Bank has admitted to offering repeated credit card limit increases to a customer who was begging them to stop because he had a gambling addiction and a $30,000 debt. Michael Harris, a qualified roof tiler, broke down in tears on Thursday at the financial services royal commission when he described his experience with…
Commonwealth Bank gave a roofer making $70,000 a year credit cards and increased his credit limit to $35,000 despite knowing he was a gambling addict, the Hayne royal commission heard on Thursday. On the second last day of scheduled hearings focusing on the subject of consumer credit, the royal commission heard the story of David…
The Commonwealth Bank offered a man a credit card limit increase within days of him telling the bank he had a gambling problem, a royal commission has heard. David Harris ended up in a cycle of continually maxing out his credit cards, which were consolidated on to a lower rate card in 2016. During a…
A gambling addict who says he blew $550,000 in disability payments on online lottery games is suing B.C. lottery officials for allegedly failing to intervene and help him. A gambling addict who says he blew $550,000 in disability payments on online lottery games is suing the B.C. Lottery Corp. for allegedly failing to intervene and…
Tyler Hatch is suing the BCLC for gambling losses he says the corporation should have prevented. PNG Share Adjust Comment Print A gambling addict who says he blew $550,000 in disability payments on online lottery games is suing B.C. lottery officials for allegedly failing to intervene and help him. Tyler Hatch says despite being enrolled…
By Sonya McLean A man who was pressurised by a prisoner to fire gunshots at a family home because of a grudge with a previous occupant of the house has been jailed for three and a half years. Two adults and four children, including a young baby, were in the house when Sean Mooney (26)…