Simon Nissim and
Andrew Feldman were two friends interested in spread betting online. Simon
Nissim offered to place spread bets for Andrew Feldman on the Dow Jones index
and give him all the winnings. Andrew Feldman agreed to indemnify all the
losses involved. He was later left out with a bill of $220,000 and asked judge
to be excused the debt. In my opinion, rabby
Nissim has nothing to do with losses as decided under the agreement so he
should not be blamed for that.
I am
sure that Andrew Feldman had not
taken risk of such a large amount of money just like that. He might be aware of
the betting skills of Simon and wanted to make immense profit out of it. Both
of them just wanted to earn money for living a luxurious life. He must pay the
agreed amount to rabby as it was decided between the two. Besides offering
unlimited profits, gambling also undergoes the phase of risk and loss of money
many times.
According
to me, it was just their bad luck that they could not make most out of the
field of spread betting. It is worthless to blame any particular person between
the two involved.
