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Gambling Addiction is Bank's fault...

Gambling Addiction is Bank's fault...
6/3/2008 3:03:12 PM alessandra
263 Posts alessandra's Avatar
An Australian man is suing WestPac Bank for negligence in lending him $200,000, which led to his gambling addiction.  The $3.5 million lawsuit is being reported as a error or "oversight" by the bank which led to Vance Politarhis becoming a pathological gambler.  Vance said "What happened to me has happened to a lot of people and that's scary."  Vance is also suing a credit union for a similar case in which they lent him $150,000 to fuel his cannabis and gambling addiction.  This man must be a little bit crazy for thinking he's going to win this case, but what's weird is I've seen a similar case to this one where a woman was suing a casino for not stopping her when her gambling was out of control. 
RE: Gambling Addiction is Bank's fault...
6/4/2008 3:37:11 PM BOmBAY
5 Posts BOmBAY's Avatar
That's ridiculous, there's no way he'll win that case.  Was he in some sort of trance the whole time he was doing this, or absolutely dellusional??  It's his fault, and what do you think he's going to do with the $3.5 million.... go gamble!
RE: Gambling Addiction is Bank's fault...
6/4/2008 11:08:03 PM Matt23
1 Posts Matt23's Avatar

Before you make opinions on this case it would be important to see the facts. This man before contact with these banks had a his house paid off and no history of gambling. Then made contact with the first bank where they allegedly broke there policy on cash withdrawl limits. From there the mans wife made numerous complaints to the bank about her husbands gambling problem which was starting to manifest. The banks only response was that would not happen at their bank. The wife then confiscated all cards accessing this joint account and confiscated her husbands identification. The man was still able to access this money well above the limit. You also have to understand the uncontrollable urge that comes with gambling and i highlight the word uncontrollable. After further complaints to the bank nothing was done, the couple decided to leave the bank and moved their mortgage over to another bank. What happened after this the bank which they had made 50,000 dollars worth of credit to the non exsisiting bank account, this money was gambled by the man with the wife having no knowledge. Then the man and wife with now a mortgage well above 100,000 applied for 18,000 from a completely different bank and instead of receiving the 18,000 the bank made an error and gave him 198,000, which with the uncontrollable urge was gambled away. All this happened with his wife and family having no knowledge.


 


You have to think about the impact these mistakes by the banks had on this man and his family, he is suing for loss of job and sever psychological problems that occured due to all of this. In my opinion this man has a just cause of action and should be given what he deserves.

RE: Gambling Addiction is Bank's fault...
6/10/2008 2:34:09 PM ChicaBonitawey
25 Posts ChicaBonitawey's Avatar
I don't see why he didn't stop after he gambled away $50,000.... I can't imagine gambling that much money!  It just seems like it took him a little long to realize that his gambling was out of control.  But seeing both circumstances, he may have a good case.  You never know these days...
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Gambling Addiction is Bank's fault...

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