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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.

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Gambling News :

Leap Gaming Partners With Pala Interactive - Israeli-based developer Leap Gaming has clinched its second deal in a week, this with Pala Interactive for the integration of its virtual sports turnkey product to Pala’s white-label social gaming platform.

Sportech Racing Partners With Macau Jockey Club - Sportech Racing and Digital has partnered Macau Jockey Club (MJC) for the provision of a white-label digital pari-mutuel betting platform and other retail solutions.

Bla Bla Bla Studios - Under the terms of the deal Bla Bla Bla Studios will develop and distribute exclusive gaming content for integration into the Quickfire platform.

Betser Powered By SBTech - #Betser is inspired by fantasy football, private betting leagues and social betting. The offer includes a twin-track loyalty scheme devised by Malta-based Hero Gaming, who operate Casino Heroes.

EveryMatrix has appointed Glen Bullen as Sales Manager - Bullen assumes responsibility for the entire casino sales operation, particularly focusing on growing distribution of the newly-updated and expanded CasinoEngine platform into Tier One operators.

Freemasons Fortune Slot Launches - Booming Games has launched Freemasons Fortune, a new 3-reel, nine-payline game inspired by the enigmatic Freemasons fraternal order.

Hollywood Classic Slots launches - Penn Interactive has launched Hollywood Classic Slots, a social casino game developed in collaboration with its recently acquired social gaming company Rocket Games.

Pagcor relents on 20 venues - In an announcement to the local stock exchange Monday, the company revealed that 20 of its 36 e-bingo revocations have been lifted, enabling operations to continue.

Kama Games Selects Unity - #Unity The Ireland-based Kama Games mobile social games developer has announced its commitment to using the Unity games creation platform, having completed the conversion of the last of its titles from iOS and Android native apps to Unity 5.

Novomatic Slot Competition - #Novomatic The Americas division of online and land gambling games and equipment supplier Novomatic is briefing delegates to the G2E show in Las Vegas on its new slot concept, which gives players an opportunity to win prizes on national television.

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