High roller
From ArticleWorld
A High roller, by today’s common slang is a person who gambles huge amounts of money at casinos, both online and off. By definition, a high roller also includes people who spend extravagant amounts of money on self-indulgent whims or entertainment; thus the term big spender. To a lesser known degree, a high roller can also be a government or large corporation that foolishly spends funds.
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Gambling
High rollers keep the casino trade in business. Known to casino insiders as whales, these high rollers are offered anything and everything to keep them from flying off to another casino. Perks most likely include a personal assistant supplied by the casino, the best suite the casino has to offer, complete with private chef, butler, etc., use of the casino’s private jet or helicopter, and of course the world’s finest cuisines, at no cost to Moby Dick.
Big spenders
Just about everybody daydreams about winning the lottery, or otherwise coming into a vast fortune. Images of overly priced, shiny sports cars, glistening, showy diamonds and long Caribbean cruises on a private yacht, seem to be the first things that come to mind when large amounts of money are considered. Here are some of the 2005’s most lavish spenders, as chosen by Forbes magazine.
Steel tycoon, Lakshmi Mittal
- His daughter’s June wedding-$60 million
- Reported most expensive private residence in the world, located between Kensington Palace and the Sultan of Brunei’s home, the English home has Turkish baths and a 20 car garage.-$100 million.
Grey Goose
vodka founder, Sidney Frank.- Bought a 2004 Mercedes Maybach-$400 thousand, then…
- had first class airline seats installed, and made it bulletproof. Then…
- flies it back and forth from his homes in San Diego and New York, then…
- uses it to drive to golf courses, where he hires a team of golfers to play for his amusement.
Government Purchase and Travel cards
Purchase card and travel card programs have increased the efficiency of the acquisition process. Mitchell E. Daniels, Jr, director of the office of Budget and Management, goes on to say it has also created large, new opportunities for fraud and abuse. There are over 2.5 million cards in circulation, many being mishandled in such ways as:
- An employee charged over $12,000 for personal items.
- A card no longer approved for use at a certain agency, was used to purchase over $439,000 including Internet accounts.
- $14,000 for personal purchases was hidden in the files of legitimate companies of one agency, and invoices were falsified.
- Employees of one agency made personal purchases in excess of $4 million to pawn shops, jewelry stores and antique shops.