British billionaire James Stunt has admitted that he is being chased over a massive gambling debt worth more than 1 million. The 37-year-old man further shared that he plans to settle the debt by using paintings of Picasso and Monet, which he has previously lent to the Prince of Wales.
Reportedly, the seven-figure loss was generated by Stunt with a spread-betting operator called CMC Spreadbet. As written in court documents, the British billionaire is seeking to pay off his debt, so he has proposed borrowing 70 million secured in return to a fine art collection he has lent to Prince Charles. The collection consists of paintings by Dali, Picasso, Monet, Van Dyck and Constable and is estimated to a total of 225 million…
Read the full article at: http://www.casinoguardian.co.uk/2019/03/12/cmc-spreadbet-pursues-british-billionaire-james-stunt-over-gambling-debt-exceeding-1-million/