So what is the deal? The whole story started off with Benjamin Jones, 30, father of two, who was employed as a wholesale manager in the Cake Decorating Company. Jones has been frauding the company for around three years. The amount he managed to steal over the course of his crime totals up to £370,000. The most interesting part of it is that he wagered all the money at Betway
According to British gambling laws and regulations, the bookmaker had a duty to conduct a background check on such big staking but failed to do so.
Since Betway hasn’t done it, the cake company was left vulnerable to the crime and took significant losses. It is now also seeking a refund from the bookmaker. The manager, however, despite being diagnosed with gambling addiction was found guilty and faces 18 months of prison time.