But his own solicitor claimed Wilkins' crimes were brought on by a four-figure gambling loss
Ashley said of his gambling loss
at the time: "It is what it is.
The average annual growth rate of the gambling loss
deduction (in constant dollars) was 16.
He and security guard Rivera had planned only to rob Given Grace, as had been their wont with other UPLB students every time they needed cash after a gambling loss
Contending he was a professional gambler, he claimed $1,311,200 in gross income from gambling, and a corresponding gambling loss
The previous highest gambling loss
in Britain is believed to have been pounds 8million by Frank Sarakakis, a Greek car tycoon, playing roulette in the same club in 1994.
Maintaining clear, contemporaneous records of both winnings and losses is the only trustworthy defense a taxpayer (even a recreational gambler) can produce that will prove effective against a Service challenge to gambling loss
Also, a taxpayer can never have an overall gambling loss
for tax purposes, but can only lower the amount of winnings.
A Sydney police spokesman said the gambling loss
was the main line of inquiry they were pursuing.