Bookmakers Keep Proceeds Despite Criminal Origin

What happens if a financial planner takes your savings and gambles them away? 

They could go to jail, but you won’t be getting your money back. The bookies get to keep the gambling losses, even when it’s the proceeds of crime. 

Today, reporter Steve Cannane on his Four Corners investigation into the actions of the betting firms and why the federal government has been slow to take the industry on. 

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Steve Cannane, Four Corners reporter