Punter has 78 counts of fraud thrown after court decisions

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arbusers
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Punter has 78 counts of fraud thrown after court decisions
« on: October 24, 2019, 07:46:51 AM »

High-profile punter Stephen Fletcher, used the betting accounts of his friends, allegedly including two police officers, to gain an advantage against online bookmakers. His own accounts with most online bookmakers had restrictions placed on them, while his account with Bet365 had been closed. The accounts of his friends netted him a total of 330.000 AUD in winnings.
Media reports the case involved a six-year investigation including extensive phone taps which now seems to be a common practice in similar cases.
An Australian court found ''the prosecution had failed to prove that Fletcher­ had dishonestly obtained a financial advantage by using the accounts to place bets''.
Fletcher's scheme involved a highly organized ''smoke and mirrors'' game with bookmakers, where he would jump from one account to another, to prevent bookmakers from adjusting odds or limiting his bets.

Obviously Fletcher had multidisciplinary support, being at the center of a high volume betting business. The decision of an Australian court should not be considered as precedent for other cases in other countries of the world. We have seen similar cases being convicted in the UK and elsewhere.
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