Matt Zarb-Cousin answers questions about the Football Index scandal in this special Q&A Video.
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Matt is the Director of Clean Up Gambling, a campaign group pushing for the reform of UK gambling.
He's come onto the show to answer questions about the collapse of Football Index.
Known as the world's first football stock market, Football Index recently had its operating license suspended by the UK & Jersey Gambling Commissions in what the Daily Mail labelled as 'the biggest failure of a gambling business in British history'.
If you're watching this video you're probably wanting to know if the users of Football Index platform - who've lost a reported £90m - will get their money back and whether the people responsible for this scandal will be punished.
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Thanks to everyone on Twitter for their questions. I tried to include as many of you as possible.
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Topics of conversation:
- Where did it all go wrong for Football Index?
- Was it a pyramid scam from the start?
- Where has the money gone?
- Who is responsible for the collapse of Football Index?
- Will the bosses at Football Index face justice?
- What is the Gambling Commission's role in all of this?
- Can the Gambling Commission be held financially liable by the legal action that's happening?
- To what extent have the Gambling Commission failed in it's primary objective to ensure that gambling is conducted fairly and in an open way?
- What ramifications does the Football Index saga have on the wider gambling industry in the UK? Will we see tighter regulation after what has happened?
- Could Football Index operate again outside of the gambling industry?
- What are Leigh Day Law Firm investigating?
- How long will the investigation take?
- What are Matt's tips and advice for the Football Index's loyal community?
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Leigh Day is working alongside Clean Up Gambling to investigate potential legal claims on behalf of individuals who invested in Football Index, many of whom have lost large sums of money as a result of the company’s actions.
Following the suspension of their betting licence, Football Index have suspended the platform leaving individuals unable to withdraw their money. An administrator has been appointed. We will be investigating whether Football Index was distorting the product they were offering to consumers.
If you are a Football Index ‘trader’ and are interested in enforcing your legal rights in this complex area register your interest today. You might be entitled to bring a legal claim for recovery of the losses you have suffered.
Leigh Day: www.leighday.c...
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For updates, follow:
Matt Zarb-Cousin on Twitter: @mattzarb
Clean Up Gambling: @cleanupgambling
Leigh Day: @leighday_law
FI Group Action: @fi_action
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