Serial crook Peter Foster was arrested on August 20th over allegations of a global sports betting scam worth millions of dollars.
Mr Foster, who has already spent some time in jails in the UK, the US, Australia and Vanuatu, was arrested during a walk along the beach in Port Douglas. The arrest was carried out by two Queensland detectives.
The alleged fraud is associated with Sport Predictions, a company that claimed to work with experts, who were engaged to place bets on various sporting events. However, according to allegations, the sports bets were not made by the “experts” and the wagers were actually received by Mr Foster, who laundered it through New South Wales (NSW).
As revealed by a spokeswoman of the NSW Police, investigators would apply for Foster’s extradition to the state. He is expected to face charges with multiple fraud offences.
Before the arrest, the now-detainee’s movements were monitored by both the police and private investigator Ken Gamble, with the latter being following Mr Foster for a month. Mr Gamble is chairman of IFW Global, which rolled out an investigation into the fraudster early in 2020, after some reports for an Asian businessman, who shared some concerns he had been deceived. As revealed by the businessman at the time, he had been giving some Bitcoin to Sports Predictions and had lost approximately AU$2 million.
Fraudster’s Company Never Placed the Customers’ Sports Bets, Allegations Read
Mr Gamble has revealed that he was gathering information on the controversial betting company involved with the alleged fraudulent scheme for several weeks.
According to information provided by IFW Global, Sports Predictions and its website did not reveal the company’s owners and blocked members of the public from getting access to the promotional materials on the website, which was allegedly used to promote a global sports betting scam.
Now, Mr Gamble, who has been following Mr Foster for quite some time, has revealed there had been intelligence that the crook was in the market for a luxury motor yacht worth more than a million dollars. This information, on the other hand, had suggested to him that the fraudster was preparing to leave Australia for good. There was also evidence suggesting that Mr Foster had planned to leave Port Douglas on August 21st.
As revealed by IFW Global, all information gathered on the case had been provided to the police, who moved to get an arrest warrant. Following the arrest, a search warrant for the detainee’s Port Douglas unit was executed and the police seized some computers and other items that may have been related to the fraudulent scheme. Mr Foster was later taken to the police station.
The alleged betting scam is not the first fraud associated with Mr Foster. He has been involved in a number of fake weight loss product scams and has faced some jail time for fraud. Furthermore, the serial crook ran a gambling company that was very similar to Sport Predictions – Sportalists – that ceased operation in 2012.
- Author
Daniel Williams
