Thursday, 17 January 2013
London-based businessman and sometime poker player Achilleas Kallakis has been found guilty of defrauding banks of millions of pounds.
Kallakis, and co-defendant Alexander Williams used forged and false documents between 2003 and 2008 to borrow £740m from AIB which they used to build a 16-property commercial portfolio. According to the Serious Fraud Office, the Bank of Scotland also agreed a loan of €29 million which according to Kallakis, was needed to convert a former passenger ferry into a super-yacht for his personal use. €5.7m of this loan was advanced.The jury at Southwark Crown Court heard that Kallakis used the proceeds of the fraud to fund a playboy lifestyle. The 44-year-old maintained a fleet of chauffer driven Bentleys, a private plane, a private helicopter, a luxury yacht moored in Monaco harbour and a collection of high value art works. The pair were found guilty of two counts of conspiracy to defraud and will be sentenced later today.Kallakis will be a familiar face to many TV poker viewers. His best results were a third place finish in the 2005 888.com Pacific Poker Open where he pocketed £100,000 and two wins in PartyPoker's Poker Den for £50,000 apiece. He's probably best known for being involved in one of the most extraordinary hands in televised poker history though.Kallakis was eliminated from PartyPoker's European Open III after his pocket aces were cracked by pocket queens. Nothing extraordinary about that but throw in the fact that another player had pocket kings and two other players had smaller pocket pairs and you've got a monstrous hand. You can see the coldest of cold deck hands below. Keep up to date with all the news from the poker world by following us on Twitter and Facebook.
Juicy Stakes and Intertops Poker will hold their special May Day online poker tournament with a guaranteed $2,000 in the prize pool on May 1 and players are being offered the chance to qualify from Monday to April 30 via a series of satellites.
The Easter holidays are now upon us and Juicy Stakes and Intertops Poker are celebrating by holding a pair of special online poker tournaments.
Juicy Stakes and Intertops Poker will be launching their three-stage Vegas Milli Maker tournament series from tomorrow offering players the chance to win a prize package to compete in the upcoming Millionaire Maker event at the 48th annual edition of the World Series Of Poker (WSOP) in Las Vegas.
Intertops Poker and Juicy Stakes are about to kick off three-stage online satellite tournament series that are promising to award winners with prize packages to compete in the upcoming European Poker Championship in Velden, Austria.
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