Viktor Gjonaj Who Faces 20 Years in Prison and $19m in Losses

 


Viktor Gjonaj wasn’t doing too badly in his personal life. Yet, gambling addiction caught up to him. Gjonaj, the founder of Title Plus Title Services and a smart financier himself, had no reason to end up the way he did. Yet, his story is one of the worst in financial sense, as he defrauded investors out of $19 million to fuel his addiction.

And, his drug of choice – the Michigan Lottery. Gjonaj was purchasing as much as $1 million worth of Lottery Daily 3 and Daily 4 tickets, desperately pursuing a win that never came. U.S. Attorney Matthew Schneider showed no pity on the defendant either who Schneider argued had caused financial harm to many innocent people.

Yet, his lawyer, Steve Fishman, has been arguing his case, describing what happened as one of the worst gambling addiction stories and insisting that his client should get help.

Gjonaj story begins in 2010 when he thought he had discovered a sure-fire way to win from the lottery, but by 2017, his losses were running in the millions and beyond anything that he could himself cover without stealing money from his clients.

Fisherman argued that the state lottery was fully aware of Gjonaj’s addiction but made no effort to curb it or help him. In other words, Gjonaj’s gambling addiction story is one that could have been easily avoided argued Fisherman.

Gjonaj has little chance of avoiding a prison sentence or having his debt written off. May his story be a reminder of one of the worst things that could happen to you if you leave your gambling addiction to run rampant.

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