Teen loses $1,300, ends up paying $5,000

• QX179R

  25 Apr 11, 16:09

  HE thought he was mixing with the in-crowd when he agreed to play poker with his classmates.

  After all, the stakes seemed small enough at 10 cents and 20 cents.

  After just three month he had lost $1,300 and failed his O Levels. When he couldn't pay his losses, he signed an IOU with a classmate which involved interests and other terms.

   

  Read The New Paper today (25 April) for the full report.

• likeyou

  25 Apr 11, 16:14

  Classmates? Better report to the principal or school authorities.

  He lost the money, pay up minus the interest.

• ditzy

  25 Apr 11, 16:15

  This kind of news can only come from TNP.

• likeyou

  25 Apr 11, 16:19

  Originally posted by ditzy:

  This kind of news can only come from TNP.

  
  The chinese evening paper should publish this kind of news.

• ditzy

  25 Apr 11, 16:21

  Originally posted by likeyou:

  
  The chinese evening paper should publish this kind of news.

  That is also another tabloid, come under the same division as TNP. I don't read chinese papers, so I don't care.

• ^Acid^ aka s|aO^eH~

  25 Apr 11, 16:23

  O level?

   

  den dun worry...

  Underage, not able to sign an IOU in the first place... it wont be valid...

  But gambling confirm kenna de...  

• likeyou

  25 Apr 11, 16:26

  Well, that poor boy has to pay up the money he borrow.

  He paid a heavy price, failed his O level.

   

• ditzy

  25 Apr 11, 16:27

  Failed O levels? Take again lor.