The Don in Poker, Achilleas Kallakis Sentenced to 7 Years in Prison for Fraud

The Man who is also known to the poker Circuit as ‘The Don’, Achilleas Kallakis was sentenced to seven years in prison for a fraud case worth up to $1.7 billion where he was found guilty for defrauding lenders to pay for trophy property, planes, a yacht in Monaco and luxury cars.

The Judge Andrew Goymer said that this was fraud on a major scale and both and his partner in crime Alexander M. Williams were both found guilty of defrauding Banks to borrow $1.2 billion.

Goymer said : “Both men took full advantage of the prevailing banking culture in which corners were cut and checks and applications were spurious,”

 

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