Poker is an expensive hobby sometimes. Case in point: the arrest of 55 year-old Bill Jordanou, an Australian Poker Pro, who was nabbed for 142 counts of fraud resulting in collecting $100M AUD.
Jordanou, according to a report from Victoria’s The Age, bilked the Commonwealth Bank (and more) for over a decade by getting home loans or electronic deposits based on falsified documents. In short, the guy was bluffing about who he really was and what he was worth in order to get paid.
What’d he do with the money? Well, we know for sure that he played in a bunch of big buy-in tournaments in Australia, including the 2010 $100k Aussie Million Challenge and the $25k Victorian Poker Championship. But in general, it’s thought he used the cash to live the baller lifestyle and to use on property developments.
To add insult to injury, the defendant is also facing a count of “perverting the course of justice” for allegedly “interfering” with a witness in the case. Bad stuff all around.
As of now, Jordanou is out on bail and is facing a court date in September.