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  1. #1
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    What not to do if you inherit loads of money

    Oriental Trading files for bankruptcy - Omaha.com

    A criminal indictment against Terry Watanabe was dismissed in July after he agreed to enter into arbitration with Harrah’s Entertainment Inc. to resolve an alleged unpaid gambling debt.

    Watanabe gambled away $189 million in a single year — an average of more than a half-million dollars a day — at two of Harrah’s Las Vegas casinos. His total losses over a two-year period hit $200 million, his attorney, Pierce O’Donnell, has said.

    Watanabe’s legal troubles began when Harrah’s told prosecutors that Watanabe skipped out on $14.7 million in markers in 2007. Prosecutors charged Watanabe with several felonies for signing more than 30 of the counter checks agreeing to drafts from his bank account.

    Watanabe alleged that Harrah’s allowed him to gamble while intoxicated and that Harrah’s supplied prescription pills and vodka during a one-year binge.


    I don't do signatures. Blondes, brunettes, and red heads are a different story.

  2. #2
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    Re: What not to do if you inherit loads of money

    How can you be that terrible at gambling?



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    Re: What not to do if you inherit loads of money

    Quote Originally Posted by 3TrueFans View Post
    How can you be that terrible at gambling?
    How can you even keep track of that amount of money in a casino? Go to the ATM every day and w/d $1.5 mil? Oh, I forgot, there's a $250 per day limit.



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