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Original poster

Gambling bank account ??

32 replies

louisebrownx · 10/01/2019 23:37

Okay so my aunties partner is a professional gambler. He has asked me to open up a bank account for him that he could use to put his bets on. He has been doing this for years now and he pays people to do it for him.

He has offered me £300 if I do it for him and all I need to do is open an account with a different bank and use the email address he has provided me with. I then need to give him all the account information etc so he can use the account. I then need to sign an agreement contract that he is able to use the account.

Please can someone tell me if this is legal?
I don't want to do anything that will get me in trouble down the line. I obviously trust him because he's my aunties boyfriend and he's been doing this for years. I also am in great need of the money. It's £300 for doing it, £100 every year it's open and £200 when he closes the account.

I'm just not sure what the account will be used for or how he does it.

I just know that he would be using this account to make bettings accounts and put bets on.

What are the risks of me letting him do this and how could it affect me?

Any advice is welcome.

Thanks.

OP posts:
PersonaNonGarter · 10/01/2019 23:41

You know that this is fraud. It is both criminal and will enable your bank to come after you in a private legal actoion as well.

Clearly, this is a stupid fucking thing to do. As well as risking legal consequences you are opening yourself up to a damaged credit rating and blackmail.

Have you asked yourself why, really, this adult isn’t capable of opening his own account?

LovingLola · 10/01/2019 23:42

Run a million miles from this fool.

flatulencebythebucket · 10/01/2019 23:45

Do you know just how deceptive gamblers are? I bet your auntie doesn't know the half of it.

If it sounds too good to be true then it is.

Flamingchips · 10/01/2019 23:46

Shock don’t do it!

Original poster
louisebrownx · 10/01/2019 23:48

I haven't done it yet as I had no idea what it would entail. I think when someone is throwing money at you , we are just eager to accept. I kinda thought it was dodgy as I have no knowledge or understanding of how it works and why he would need someone else to open an account for him. I just don't get how it works? Does anyone have any understanding of what this even means?

OP posts:
peachypetite · 10/01/2019 23:50

Don't be so fucking stupid.

Kelpiex2 · 10/01/2019 23:52

It's so it's in a different name so can he won't be taxed on it. It won't be counted as his income.

It isn't legal and it would have implications for your credit score.

LovingLola · 10/01/2019 23:52

Do not ever - under any circumstances- open a bank account for someone else. Even your auntie’s boyfriend.
You may end up implicated in money laundering or worse
Why can’t he open his own bank accounts?????

PersonaNonGarter · 10/01/2019 23:53

I just don't get how it works?

One of two ways:

  • He uses your credit rating to take loans or overdrafts. You are now in debt.
  • He uses the account to launder dodgy money from other activities. You are now caught between the Police and Bad Dudes.
Flamingchips · 10/01/2019 23:53

It could be something to do with matched betting/initial offers etc I guess but I don’t know.

But it would be a stupid thing to do, especially as he wants you to sign something which adds a paper trail to the fraud. (As in, he can say “well she signed this so I didn’t do it without permission etc thereby pinning it back to you).

Original poster
louisebrownx · 10/01/2019 23:54

Oh my god I didn't realise how serious this all was!! I can't believe my auntie would even ask me knowing that this could happen!!!!!! I am shocked!!!

OP posts:
Original poster
louisebrownx · 10/01/2019 23:55

Yes this is true about the signing thing. I didn't understand that part. I'm not stupid and I wouldn't do anything without knowing what it actually means. I have too much to lose for the sake of a few hundred quid and clearly this is a dodgy dodgy business!

OP posts:
LovingLola · 10/01/2019 23:58

Very dodgy
Stand your ground - no matter how much money he throws at you.
How long has your auntie been with him??

Purpleneonpinkunicorns · 10/01/2019 23:58

Your aunty asked you? And not her boyfriend Shock....I would just say NO.

Original poster
louisebrownx · 10/01/2019 23:59

Yes my auntie asked me !!!!!
She's been with her boyfriend for about 15 years. Funny part is, they've just recently split up and got back together a few months ago. Kinda doesn't make sense he could have asked me to do this years ago. Why now?

Can't believe they'd even think about getting me involved!

OP posts:
LovingLola · 11/01/2019 00:01

Steer well clear
Pair of chancers!

bigtimer · 11/01/2019 00:01

There's no tax on gambling

pinkoneblueone · 11/01/2019 00:02

I wouldn't do it, he could possibly apply for online loans in your name to feed his habit. DO NOT DO IT!

pinkoneblueone · 11/01/2019 00:03

He has an addiction it could be why they split up honestly don't do it!

Original poster
louisebrownx · 11/01/2019 00:04

I'm so glad I wrote on here. Not that I would have done it anyway but I didn't realise the full extent. It's tempting when someone throws money but it's not worth it. I am just really shocked at the fact my own auntie would want to get me involved in something that she clearly knows is no good.

I just don't understand why he needs other people to open accounts for him? He has apparently done this for over 100 people. How has he not been caught already? He makes thousands. I just don't get how it all works out.

OP posts:
Kelpiex2 · 11/01/2019 00:05

It's probably now because he's exhausted all other lines of credit.

It's a bit distant isn't it?

He's basically requesting a loan from his Girlfriends niece. What a dickhead.

Original poster
louisebrownx · 11/01/2019 00:08

I don't know much about banks etc but I take it they'd be able to take loans out for you etc? I just don't know how the bank doesn't see that this is going on? Surely they will see money going into the account and leaving the account in big amounts? How would this not be traced back to you?

OP posts:
pollypockett · 11/01/2019 01:04

You don’t need to know the ins and outs, just tell them no

jemihap · 11/01/2019 04:43

Although I'd also advise not to do it, it is possibly quite 'legit' in so much as bookies will block the accounts of successful professional gamblers so he needs a proxy account.

BigPinkOrchid · 11/01/2019 17:01

I think jemihap probably has it right. My guess is he's a matched bettor. If so, he's probably had his own bookies accounts blocked (simply because he's been making money from them and exploiting their offers and so they'll have shut him down, they do not like it when people get the better of them). If this is the case, and you agree to this, he will simply use your details to open up new bookies accounts in your name. He'll need to have a bank account in your name and a copy of your ID to fulfil bookies KYC checks - Know Your Customer checks - which they use to prevent against money laundering (and to prevent multi-accounting). My guess is, he would be committing fraud by signing up using your details. I don't know if you would be committing a crime, though by allowing him to do it?

I would say though, if you're going to be cross about it, be cross about the rubbish return he's offering you. He could potentially be earning thousands a year. I'd expect a decent % of his monthly returns if I were you. Not a paltry £100 a year. Grin

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