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Peter Foster Australian Gambling Syndicate leader arrested
Thursday October 30,2014 : KEY FIGURE IN SPORTS TRADING CLUB ARRESTED
Multi-million gambling syndicate expected to be exposed following arrest
Australian conman Peter Foster was arrested under a Federal warrant Tuesday by New South Wales Police at an upmarket property near Byron Bay.
Foster is thought to, at the very least, be a key player in the international gambling syndicate Sports Trading Club that boasts offices in London, Sydney and Hong Kong.
The Sports Trading Club, also know as STC Sports Trading Club and The Sports Trading Club Partnership, takes investments between $50 000 and $250 000 to bet on international sporting events. The company claimed in July to have taken $150 million in backing Germany to win the World Cup in Brazil, and a multi-million dollar sum betting against Williams and Djokovic at the Australian Tennis Open 2014.
According to the Sydney Morning Herald (SMH), "hundreds of investors in an international gambling syndicate run by notorious conman Peter Foster could lose millions of dollars..."
SMH quoted sources as saying authorities confiscated six mobile phones and several computers from the property near Byron Bay following a dramatic arrest where Foster allegedly assaulted a police officer after grabbing his gun.
"It doesn't matter what they claim on their website, Fosters' home in Byron Bay was the headquarters. This is another massive scam that is only coming to light now. It will collapse like a house of cards," the source was quoted as saying.
Sports Trading Club dealings appear dubious at best with reports of false Linked In senior executive profiles and the fabrication of quotes from a deceased Princeton analyst.
The company was founded two months after a similar gambling firm Sportalists closed its doors following a TV expose in 2012. The expose revealed Foster's involvement in the company.
Foster may be more widely known for his role in what was dubbed "Cheriegate" in 2012, where he assisted the sale of two apartments in Bristol to former UK Prime Minister Tony Blair's wife Cherie.
But Foster's arrest this week stems from dealings that go even further back where he has been accused and convicted of running weight loss scams in the multi-million dollar dieting industry over the past 30 years, going so far as to have one of those products endorsed by the Duchess of York.
An Australian court found Foster guilty in relation to one of many weight loss scams but when he failed to appear for his sentencing hearing in November last year a Federal warrant was issued for his arrest.
The arrest is expected to trigger an in-depth investigation into Sports Trading Club by Australian authorities.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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