The last World Cup left him with more than RM1mil in debts and a broken home.
Today, the 48-year-old man, known as Fei Lo (Fatty) is serving time in the Simpang Renggam prison together with his son, who is in his early 20s. They were arrested for selling psychotropic pills to pay off their debts.
Fei Lo's world went bust four years ago. According to his good friend who only wished to be identified as James, Fei Lo is a betting freak who will “bet on anything”.
“Fei Lo has no favourite team but will bet on any match. Given the chance, he will bet on this year’s World Cup from behind bars,” said James.
To pay off his debts, Fei Lo had to surrender RM500,000 worth of stocks and also give up a major share in one of the city’s biggest nightclubs.
This was not enough, so he turned to loan sharks, and sold his upmarket semi-detached house and Mercedes-Benz.
Fei Lo became a “wanted man” on the loan sharks’ list and went on the run. His wife left him when people started turning up at their house to get him to repay his debts.
“He made money at times but there were more losses than winnings,” said James.
Johor MCA Complaints Bureau chief Low Teh Hian advised punters hoping to make a quick buck during the World Cup season to refrain from borrowing from loan sharks.
He said during the last World Cup, at least 10 gamblers approached him for assistance when they could not repay the loan sharks.
Read the original article here.
As a Buddhist, I hope that you would not bet on anything even though you might be a diehard football fan and that betting is not exactly in the Five Precepts (It is, however, consider a part of stealing). Also, NEVER EVER go for loan sharks to get any loan... You will live to regret it. I have seen alot and I certainly don't want to see it happening to you. Please...
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