30 minGambling addiction
He turned $30,000 into $500,000 in chips, then lost it in 72 hours
Kurt F./Compulsive gambler in recovery
All episodes
51 min9.8K views
He wagered $126 million in four years
From professional baseball to a $32 million Ponzi scheme and 33 months in federal prison.
Sam Favata was a professional baseball player with a real career ahead of him until a beaning injury ended it.
What followed was a gambling addiction severe enough to spiral into a thirty-two million dollar Ponzi scheme, more than ten million in gambling debts, and thirty-three months in federal prison.
He used his own mortgage company to fund the addiction and defrauded over two hundred investors before it collapsed. He is candid about prison, and about what redemption has actually required.
