Tag: horse racing in the philippines

In Australia and the man behind the former The Edge horserace betting scheme has reportedly pled guilty to two charges associated with allegations that he had defrauded clients out of more than $11.72 million over a six year-period from 2008.

According to a report from the Australian Broadcasting Corporation (ABC), Bill Vlahos (pictured) entered his guilty plea at the County Court of Victoria on Monday after being charged in 2016 and has now had his bail extended in advance of a February 4 pre-sentencing hearing.

‘Ponzi scheme’:

Citing official court documents, ABC reported that the 54-year-old is alleged to have established The Edge enterprise in 2002 and began promising thoroughbred horseracing fans the chance to earn big rewards…

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