Payment Processor Sends £766,000 to Shop Owner Instead of UK Casino

A mix-up between a payment processor, a UK casino and a shop owner has landed one man in prison and more than £700,000 sitting in the wrong account.

Rubicon Casino Sandeep Singh.

Sandeep Singh used £75,000 of Rubicon Casino’s (pictured) money to buy himself a house. (Image: Yell.com)

According to a recent report by the Leicester Mercury, Sandeep Singh received £766,098 in mistaken payments between October 2014 and 2016. Sentenced to 12 months in jail on October 9, Singh was charged with stealing money and using a “not insignificant” amount to buy a house.

Singh Hits the Jackpot

When Singh installed an ATM in his shop back in 2014, he agreed to stock it with his own cash and wait to be reimbursed by the controlling company, DC Payments Ltd. However, due an administration error, Singh’s account got mixed up with Rubicon Casino in Wolverhampton.

The oversight meant that Singh’s account was being loaded with sums of money commensurate with a UK casino on a weekly basis. Despite receiving more than he was expecting, Singh failed to notify the payment processing company for two years.

Although he told the court he attempted to notify the payment company by phone, his attempts weren’t enough. Eventually, after spotting the error, DC Payments Ltd attempted to contact Singh.

By this point, Singh had sold his business and taken up a job in IT, but not before he’d spent £75,000 on a house. When the authorities finally caught up with Singh, he was forced to defend his actions in court and explain how he’d spend the money on a house as well as sent almost £80,000 to India.

Temptation Seals the Deal for Singh

In sentencing, Judge Nicholas Dean QC acknowledged that Singh was hardworking and had been caught up in a unique situation. However, Dean also noted that the former shopkeeper had let himself and his family down.

“You succumbed to temptation, with you saying as little as possible about what was going on and nothing about the money that kept going into your account,” Judge Dean said in court.

For his part, Singh had left £483,000 in his bank account, but the judge was still forced to impose a custodial sentence for theft. On top of this, a legal effort to recover the full value of the amount sent to Singh will take place in December.

Once complete, the casino’s money will be returned to its rightful owner while Singh serves his 12-month prison term.

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