UK:Football Index collapse: ‘I lost £4,000 in seven days’

The BBC reports

It’s been sleepless nights and cold sweats for customers of Football Index, the gambling company whose collapse into administration has left people facing huge losses.

“I feel embarrassed and cheated,” Ben told the BBC. He’s not alone. Social media and online chat threads are alight with anger and dismay at the rapid demise of one of the UK’s fastest growing betting firms.

In the couple of weeks before Football Index called in administrators to run the business, Ben, aged 22, lost more than £4,000 in seven days, £1,400 of which disappeared in 24 hours. It’s now possible he will lose all his £6,500 deposit in the firm.

“I’m employed, I live at home, and I’ve not got many overheads. I’m only responsible for myself right now, but there are people out there with families who have been hit a lot worse.”

Like other people who spoke to the BBC – young, male and red-faced at losing so much money – Ben did not want to disclose his surname.

“The crash has affected me mentally,” he said. “Everyone affected by this wants to say how disappointed they are with the leadership of Football Index.”

Read more at.  https://www.bbc.com/news/business-56401707