Ex-UK Lawmaker Charged With Cheating for Making Bet on Insider Information

Submitted by Guest on

Written by :

Guest

Published on :

LONDON (AP) — A former Conservative lawmaker and 14 others have been charged with cheating when placing bets on the timing of Britain’s general election last year, the Gambling Commission said Monday.

Banner V1 - 300x250 - Yellow - White (1).jpg

Craig Williams was one of several people who had been investigated for cashing in on insider knowledge on the date then-Prime Minister Rishi Sunak would call the election. Other members of the Conservative Party that controlled government at the time and at least one of the prime minister’s police bodyguards were also under investigation in the scandal.

It’s legal for politicians to wager on elections, but the investigation was about whether they used inside information to gain an unfair advantage. One of the popular bets at the time was to wager on the date the prime minister would call an election.

At the time, the conventional wisdom was that Sunak would call an election in the fall, but he surprised people in May when he set the date for July 4th. The vote ended up being a bloodbath for Conservatives, as the Labour Party, led by Prime Minister Keir Starmer, swept them out of office for the first time in 14 years.

Williams, who was Sunak’s parliamentary private secretary and running for reelection in the race on July 4, had disclosed he placed a 100-pound ($131) bet on a July election days before the date had been announced.

“I committed an error of judgment, not an offense, and I want to reiterate my apology directly to you,” he said in a video posted on social media.

Williams lost his seat in the election, finishing third.

Others facing charges included Russell George, a Conservative in the Welsh parliament and Nick Mason, a former chief data officer for Tories.

Related Content

The Lodge Card Club

Austin Texas Area Lodge Card Club to Reopen as All Charges Dropped

Seized funds and equipment will also be returned
Terry Rozier

Terry Rozier Accused in Gambling Scheme Now Facing Bribery Charges

Terry Rozier was originally charged along with five others with fraud conspiracy and money laundering conspiracy for their alleged use of inside information to profit from illegal betting activity.
Prison

Man Sentenced for Robbing Two Men at Reno Casinos as Hunt Continues for Tamarack Casino Bandit

Authorities say one of the victims was led down an alley and abruptly punched and knocked to the ground where he was then robbed of $1,400 in cash.
Ghislaine Maxwell

Top Republican Lawmaker Signals GOP Openness to Pardoning Ghislaine Maxwell ... Prediction Markets Chances Surge

Polymarket traders are giving U.S. President Donald Trump odds of pardoning convicted sex trafficker Ghislaine Maxwell a price of +426 (implied 19% chance).