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!00 Victims Looking to Seize Peter Foster Assets

Thursday, November 5, 2015 : AUSSIE VICTIMS OF ONLINE GAMBLING CONMAN SEEK ORDERS TO FREEZE ASSETS
 
Over 100 angry victims are chasing down Peter Foster's missing millions.
 
Over 100 Australian investors in an online gambling enterprise, who claim they were conned by entrepreneur Peter Foster, are pursuing what they believe to be his concealed millions, serving eight freezing orders this week worth A$10 million on Foster and his associates, who include his niece Arabella and a high profile lawyer.
 
It is believed that the money is held in offshore tax havens at present, the Sydney Morning Herald reports, noting that the funds were allegedly siphoned off from Foster's online gambling company Sports Trading Club, in which the plaintiffs were invested.
 
"Corporate records reveal Ms Foster, a 29-year-old designer based in Brisbane, was linked to Hong Kong company Sports Trading Club Limited, while she also controls more than $6 million in offshore accounts in Vanuatu, Hong Kong and the Cayman Islands. It is understood that most of the funds were transferred overseas from a Westpac account associated with Sports Trading Club in Australia," the newspaper reports.
 
The 53-year-old conman has a string of fraud convictions and international jail sentences against his name over the years, and was recently released from a Queensland prison after serving one year of an 18-month sentence for fraud.
 
In the past week he has applied for an Australian passport in order to travel to Hong Kong, a source told the SMH.
 
The aggrieved investors have now embarked on a class action in an attempt to recover the money funnelled offshore by the company management. A legal firm in Hong Kong has been appointed, along with international fraud investigative expert Ken Gamble, the Herald reports.
 
Foster used the alias "Mark Hughes" when dealing with clients, and duped several prominent sporting identities to work as ambassadors for the online company.
 
Sports Trading Club received investments between A$50,000 and A$250,000, which was pooled and punted on a range of international sporting events.
 
The firm's former spokesman, Patrick McMahon, claimed Australian investors had received a 1,900 percent return between January 2013 and June 2014.
 
Sports Trading Club Limited bona fides were first challenged in 2013 when it was revealed that at least two senior executives used fake images on their LinkedIn profiles, and the company allegedly fabricated quotations from a dead economist to promote its business.
 
"Foster was previously involved with an almost identical gambling business called Sportalists, which shut down its website after an expose on A Current Affair in 2012. Sports Trading Club was founded two months later," the Sydney Morning Herald report reveals.
 
Following a weight-loss scam, Foster breached his bail conditions and was a fugitive for over a year. He was finally detained after a dramatic arrest.



Gambling News :

Summer Is Here: It’s the 2017 Super Millions Poker Open - The 2017 Super Millions Poker Open (formerly the Summer Millions) starts July 15 with a hefty $2.5 million guaranteed in the prize pool. Qualifiers begin this Thursday; you can satellite your way into the 2017 SMPO for as little as 55 cents.

Americas Card Room Biggest OSS CUB3D ever - Included in the series is the next $1,000,000 GTD Million Dollar Sunday, the Main Event of the OSS. The MOSS and BOSS also have a Main Event and all three winners will walk away with a sterling silver commemorative bracelet in addition to the prize money. Also returning is an OSS Cub3d combined leaderboard. The top-3 ranked players at the end will receive a $4,900 Punta Cana Poker Classic prize package and a sterling silver bracelet.

Microgaming Casino Games Live on PokerStars - Following a successful integration to the Quickfire platform, Microgaming games are now live on PokerStars Casino

Jurassic World Online Slot live - During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.

Is there a place for AI in poker? - If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word

MLB Odds: Mets vs. Dodgers - Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.

NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title - It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.

Vikings’ Victory Slot Launches - The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.

50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

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