Sports betting scammers caught in Australia after a long escape

A multi-million dollar sports betting fraudster hit the police in Australia a few days ago. The 59-year-old is accused of cheating on a Hong Kong gambler out of bitcoins worth more than $ 1.2 million. But how is the man supposed to have done that and what punishment does he now face?

Sports betting scammers

A few months ago we reported the highest sports betting winnings of all time. Here we reported, among other things, from a betting customer who won more than 100,000 euros with his 5 euro betting slip. The profit of a 59-year-old who tried his hand at sports betting fraud was even higher. He illegally ripped off bitcoins worth over $ 1.2 million from a Hong Kong man.

How did the perpetrator act?

The 59-year-old is said to have told one of the victims, among other things, that he placed the sports betting for him. For this purpose, the victim from Hong Kong transferred 100 Bitcoin to the perpetrator. However, the older man did not even think of placing the sports bets as discussed. Instead, the perpetrator redirected the money accordingly to his bank accounts. The act occurred in 2019 and 2020.

In other cases there were similar acts. The man is charged with a total of 15 charges. The perpetrator had previously been arrested and released on bail. But then he suddenly disappeared before he could be arrested again. Now it can be assumed that the man will spend the next time in prison again.

It is unclear whether the victims have received at least part of their money back or whether the perpetrator has already spent the money in full. It was only in September of this year that we reported about a travel agent from Australia who had gambled away almost $ 630,000.

Cheater was on the run for six months

The brazen sports betting fraudster had been on the run since May of this year. At the beginning of December, the Australian police were finally able to locate and arrest the man in a rural region in the north of Melbourne. According to the authorities, the suspect was physically and physically damaged when he was arrested. For this reason, it was decided to have the man treated as a precaution in a hospital. But the rest of the way led the 59-year-old to prison.

How did the perpetrator act?

The 59-year-old is said to have told one of the victims, among other things, that he placed the sports betting for him. For this purpose, the victim from Hong Kong transferred 100 Bitcoin to the perpetrator. However, the older man did not even think of placing the sports bets as discussed. Instead, the perpetrator redirected the money accordingly to his bank accounts. The act occurred in 2019 and 2020.

In other cases there were similar acts. The man is charged with a total of 15 charges. The perpetrator had previously been arrested and released on bail. But then he suddenly disappeared before he could be arrested again. Now it can be assumed that the man will spend the next time in prison again.

It is unclear whether the victims have received at least part of their money back or whether the perpetrator has already spent the money in full. It was only in September of this year that we reported about a travel agent from Australia who had gambled away almost $ 630,000.

Conclusion

For the second time, a serial fraudster has now been arrested in Australia. It is questionable why the injured party from Hong Kong simply sent bitcoins worth more than 1.2 million US dollars to the sports betting fraudster and did not simply place the bets himself. It is to be expected that the 59-year-old arrested will have to go to prison for several years. It remains to be seen whether the man can and will repay the injured party their money.

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