09 March 2017
A solicitor has been struck off for taking over £1.2 million from his firm's client account to fund his online gambling addiction. He slips neatly into the deck of dodgy solicitor top trumps after admitting that he went "kamikaze" and "pressed the sod-it button".

During a two month period in 2016 sole practitioner Richard Sedgley made 59 withdrawals, more than one a day, from his firm's four client accounts in amounts ranging in size from £1,000 to £90,000. In total Sedgley, 55, transferred a gobsmacking £1.24 million to his personal accounts which he then bet online. Sedgley eventually paid it all back, using his winnings as they came in to replace chunks of the missing cash. Sometimes there was even a surplus in client account. But on other days a bad stretch on the tables left shortfalls of up to £366,000, and eventually Sedgley had to use his own resources to repay the money.



Sedgley blamed his high-rolling episode on the deaths of a colleague and a friend, which he told the Solicitors Disciplinary Tribunal had left him in a “kamikaze state of mind”. He said that grief and having to work "long hours, including at weekends" meant he "pushed the sod it button". His wife told the tribunal that during the sod-it period he was "moody and very depressed", but "sometimes could be 'high'", presumably whenever he nipped into the study to drop £100k on a hand. She also said he wasn't going on enough walks and "was not getting much fresh air".

Sedgley admitted that other solicitors would regard his conduct as "horrendous", but said at the time he did not think he was being dishonest. The Tribunal decided instead that his actions were "deliberate, calculated and repeated" and struck him off. RollonFriday is offering odds of 12:1 he appeals, 50:1 he wins - only on ROFBET. If you're in trouble, give Lawcare a call.  
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Comments

Roll On Friday 10 Mar 17

I guess he has to be struck off to protect clients but he obviously needs help for his addition as well. I hope he is getting it.

Anonymous 22 Apr 17

Richard carried out a lot of conveyancing for me over many years. He always carried out the duties with great diligence and fairness. I am shocked that he is found to have done these things and can not imagine the pressures which drove him to it. I suppose in the end, given the circumstances, people can be driven to do things they normally would not conciser doing, and I hope he can move on to better things in the future.

Anonymous 15 Sep 17

I feel terribly sorry for this solicitor. As the son of a compulsive gambler who blew everything, the problem with gambling addiction is that there are no external signs of the addiction, and so help cannot be offered until it is too late. I hope he gets the therapy and rehabilitation he requires and can move on with his life.

Anonymous 25 May 18

Random_access 10:41 - it wasn't his *addition* that was the problem - more his subtraction.

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