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| McIndoe In Spain - Pic From Daily Mail |
The paper also reproduces a number of pictures taken in 2011 showing McIndoe and others enjoying his lifestyle.
McIndoe persuaded investors, mainly footballers, to put money in 'property'.
"He had the gift of the gab but was very cagey about the scheme, saying the money was in property, gold or city investments," said one former investor. Read the full story at: http://www.dailymail.co.uk/sport/football/article-2976196/Michael-McIndoe-persuaded-footballers-invest-30m-scheme-blew-fortune-women-cars-houses-holidays.html.
Meanwhile some details of McIndoe's lifestyle were recently made public according to the Daily Record
Details of McIndoe’s account with William Hill, given to official receivers, reveal an astonishing betting spree.
He made regular £2,000 transfers into the account, including seven over a period of eight days in February 2011.
He put money on hundreds of soccer matches as well as on American football, boxing, horse-racing and even TV’s X Factor talent show.
Bets were placed virtually daily on matches in the UK, Australia, Turkey and even Peru.
There were 561 online bets in a period of less than 18 months – from November 28, 2010, to May 5, 2012. Many were accumulators, in which the punter tries to predict a string of results.
His largest stake was £15,000 on Inter Milan to beat Bari and Crawley to beat Kettering on February 3, 2011. He lost the bet because Crawley and Kettering drew.
Other heavy losses included £13,000 predicting Chesterfield would win at Stockport on February 1, 2011. The game ended a 1-1 draw.
He also put £5,400 on Manchester City to beat Notts County in the FA Cup on January 30 2011. That match was also a 1-1 draw.
McIndoe lost £400 backing One Direction and then Rebecca Ferguson to win the X Factor in 2010.
The total amount he staked on that account at Hill’s was £391,955 and his winnings were £309,505.76 – a loss of £82,449.24.
But sources believe his total gambling losses could have been between £500,000 and £1million.