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Author Topic: Bookie in a bit of trouble ?  (Read 1829 times)

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Online Bubbasmith

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O.P. « 2018-Nov-20, 05:15 PM »
Long-time Victorian bookmaker Brian Mann will be fighting for his career when he faces four serious betting charges, including the recording of more than $1 million worth of fictitious bets, before the Racing Appeals and Disciplinary Board on Thursday.

The RAD Board will hear the charges under Australian Racing Rule 175 (a) that states:  "Any person, who, in their opinion, has been guilty of any dishonest, corrupt, fraudulent, improper or dishonourable action of practice in connection with racing," may be penalised.

Racing Victoria stewards allege Mann conducted his bookmaking business in a manner which is in serious breach of the provisions of:

Club Bookmaker's Licence Rules 2010;

Bookmaker Sports Betting Rules 2007;

Bookmaker's Licence Levy Rules 2012; and

Bookmaker's Telephone Betting Rules 2001

A summary of the charges against Mann:

Charge One - AR175(a)

The stewards allege that between July 1, 2013 and May 11, 2016, a total of 315 fictitious bets with a turnover of $199,032 and a gross loss of $941,237 were recorded by Mann in the course of conducting his bookmaking business and reported to Racing Victoria.

Charge Two - AR175(a)

The stewards allege that between July 1, 2013 and May 11, 2016, a total of 507 bet-backs totalling $1,103,000 were recorded by Mann in the course of conducting his bookmaking business and reported to Racing Victoria. These bet-backs were fictitious, in that there was no counterparty to the bet-back, or placed by Mann through an undisclosed non-licensed individual without a ticket or confirmation.

Charge Three - AR175(a)

The stewards allege that between July 1, 2013 and May 11, 2016, Mann placed an undisclosed and unrecorded number of bet-backs with an unknown and non-licensed individual.

Charge Four - AR175(p)

Australian Rule of Racing 175(p) states: "Any person who fails or refuses to comply with any order, direction or requirement of the stewards or any official," may be penalised.

Stewards allege that Mann placed an undisclosed and unrecorded number of bet-backs with an unknown and non-licensed individual who Mann knew, or ought to have known, was not a licensed bookmaker or approved wagering service provider.

Stewards claim Mann failed to comply with their request to identify this individual.




Offline Peter Mair

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« 2018-Nov-20, 10:37 PM Reply #1 »


Why can't bookmakers bet with themselves?

Surely a bookmaker's partner was the prescient one.

My understanding is that taxing bookmakers turnover was a sensibly predictable consequence of the temptation to take 'late bets' that reduced the 'taxable' profit on the day.

Which bookmaker would not leave a couple of blank lines before ruling off the book?

Online Bubbasmith

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« 2018-Nov-21, 10:18 AM Reply #2 »
With bets now computerized each bet is logged on the computer the actual time the bet is placed, not like the old days where two or three tickets could be held over and a 'winning punter bet" would be pencilled in after the race.
« Last Edit: 2018-Nov-21, 11:28 AM by Bubbasmith »

Online wily ole dog

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« 2018-Nov-21, 10:54 AM Reply #3 »


Which bookmaker would not leave a couple of blank lines before ruling off the book?


 :shutup:

Online Bubbasmith

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« 2018-Nov-21, 11:24 AM Reply #4 »

 :shutup:
The bookie who worked in with the late Robert Trimbole to launder Trimbole's drug money......only problem with him he naively only wrote the last bet in his book as a "Trimbole winning bet," time after time. Even a novice could see it stood out like dog's balls.
That all came out at the Royal Commission after Trimbole had fled to Spain, where he died.

Offline Arsenal

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« 2018-Nov-22, 08:18 PM Reply #5 »
Mann suspended for a year, fined $35,000
Andrew Eddy@fastisheddy   3:34pm



Victorian bookmaker Brian Mann has had his licence suspended for 12 months and has been fined $35,000 for what was termed 'a large-scale scheme of recording dishonest and fake bets for almost three years'.

Mann pleaded guilty before the Racing Appeals and Disciplinary Board on Thursday on a single charge under ARR 175 (a) of improper or fraudulent conduct after conceding $941,237 in losses from 315 bets, as well as 507 bet-backs totalling $1.1 million in the period between 2013 and 2016, were indeed fictitious.

RAD Board chairman Judge John Bowman said Mann's scheme of recording the fake bets had the potential to damage the interest of racing, but despite this said he was inclined not to disqualify him from owning, breeding and buying horses as he said Mann's offending 'was not at such a level to warrant total exclusion from the Australian racing industry'.

Judge Bowman began the hearing by permitting the four original charges against 72-year-old Mann to be condensed to the one charge of recording fictitious bets and bet-backs.

This came after the RAD Board received an e-mail from Mann's legal counsel, Damian Sheales, earlier in the morning conceding that the person allegedly involved in taking bet-backs referred to as 'the man in the trees' in earlier interviews, in fact did not exist.

Australian Rule of Racing 175(a) states: "Any person, who, in their opinion, has been guilty of any dishonest, corrupt, fraudulent, improper or dishonorable action or practice in connection with racing."

Racing Victoria's legal representative Justin Hooper told Judge Bowman that stewards were alerted to Mann's situation in 2016 after the bookmaker suffered 'significant and sustained financial losses' in that financial year.

Hooper said a review of his business was undertaken and it was then that stewards discovered a large number of bets recorded were placed after the race had been run and when the result was known.

He said stewards believed the reason he did so was that the 'pay-outs would have impacted on his race fields levy'.

Under the Race Fields legislation, all bookmakers licensed to bet on Victorian racing must pay a minimum one per cent turnover tax for the first $5m before the levy becomes a profit-based assessment.

Mann reported a $1.36m loss over the period between 2013 and 2016 but in fact had made a profit of nearly $680,000 during that time, the RAD Board heard.

In arguing for a disqualification period, Hooper said: "He took a deliberate course over a sustained period of time a serial dishonesty to manipulate his betting data."

Sheales said, in all, under the race fields levy, Mann owed $35,788 from his fictitious activities, which he promised would be repaid immediately the hearing was completed.

He said the RAD Board should take into context that this figure represented just a small percentage of the total of money owed under the levy terms.

Sheales said that meant Mann had underpaid $32,788 out of just over $428,000 of levy fees during the relevant period - or just 7.5 per cent of the total money owed.

The RAD Board heard that the bookmaker had seized on an opportunity following the 2015 Melbourne Cup won famously by Prince Of Penzance.

Stewards said that almost two minutes after Prince Of Penzance won the Cup, Mann placed four $50 win bets on the horse at $101 for a fictitious loss of $20,200.

Bowman allowed a submission from Sheales that Mann be allowed 12 months to pay the $35,000 fine.

ENDS

The betting ring looks quiet probably the same elsewhere these days ......I have a faint recollection that Robbie Waterhouse was in the news about something similar butI don't recall the outcome.

Giddy up :beer:


Online Bubbasmith

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« 2018-Nov-22, 09:01 PM Reply #6 »
Now he has to worry about when the ATO comes knocking on his door :chin:


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