Gambling Addict facing jail for stealing £5M

A GAMBLING addict is facing jail after he admitted stealing almost £5 million from Birmingham University.

Paul Sadler, the former managing director of Birmingham Research and Development Ltd, a trading subsidiary of the university,pleaded guilty to stealing the money from his firm between December 1994 and January 2008.

The company, from which Sadler, 49, from Hallow, Worcestershire, resigned shortly before his arrest, oversees the sale of rights to the university's 'intellectual property' around the world, including research and inventions.

Sadler's bookkeeper, Christine Eggleton, 51, of Rubery, also admitted theft of £2.1 million, again from BRDL, when the pair, who also pleaded guilty to a charge of conspiracy to defraud by submitting false invoices, appeared at Birmingham Crown Court.

Last year Sadler, who was MD of the company for seven years, admitted to the Birmingham Sunday Mercury that he took the money to fund his gambling.

what was his biggest bet?
Can imagine the stress he was under trying to win to put the money back?

Yeah like 'Rogue Trader' Nick Leeson - the Guy who brought down Barings Bank
His book is an excellent read

Jeeez!! Wasnt 5M pounds enough? Stealing 5M pounds must of been a huge gamle and adrenalin rush on its own.

People like this try use their " gambling addiction" as a justification.

- "Poor me, I couldn't help myself, I'm a gambling addict."....bollox

It's pure theft and greed, why would you need to gamble if you could get your filthy hands on money like that ?

Sounds just like the greedy Westminister politicians,except they steal it from the taxpayers,

When you have an addiction - when is enough, enough. If you can acquire £5 million and blow it, then surely you can get another £5 million to win back the lost £5 million and put it back before anyone notices - at least that is how an addict thinks........................

Punter1 Wrote:

---

> When you have an addiction - when is enough,
> enough. If you can acquire £5 million and blow it,
> then surely you can get another £5 million to win
> back the lost £5 million and put it back before
> anyone notices - at least that is how an addict
> thinks........................



Most gambling addicts start out thinking like that,but then they end up not caring about the money and the consquencies..