Skip to main content

Another 'sports investment fund' scam hits the press

This one has been highlighted on Twitter a few times, finally it has made the press.

The Proton Investment Fund, utter fantasy stuff.







Online gambling syndicate tries to recruit sports stars including AFL, NRL players, jockeys

A GAMBLING syndicate that bets on the AFL and has tried to recruit players as members is under investigation.

The Sydney-based Proton Trading Fund claims to have a $10 million pool to bet on the AFL, cricket, and horse racing on local Betfair exchanges and international markets.

The trading fund has been seeking to recruit elite athletes, including AFL and NRL players and jockeys, to join the scheme, raising concerns about the potential for match or race fixing.

Racing Integrity Commissioner Sal Perna has written a letter to the AFL, alerting it to the scheme.

The AFL declined to comment when contacted by the Herald Sun but sources close to the league said they had looked into the operation.

... The fund, which was advertised through an Instagram ­account, sought investments of up to $250,000, claiming it was capped at $10 million.

The @pro.punter account has since been closed.



It's not the links to professional sportsmen they should be concerned about, it's the fact it is a complete scam! But either the authorities don't care about that, or there aren't any laws to prosecute the fund organisers for. Have they even charged Bill Vlahos for anything yet?? It seems as if so long as it relates to gambling, you can do whatever you like. If it was a share market fund, they'd be cuffed within days.

Numerous current and former AFL players were being roped in via the Instagram account (shouldn't the mere fact a get-rich-quick scheme is being advertised by Instagram ring enormous alarm bells??), whether any of them actually stumped up the cash is unknown, but if you've ever seen the brilliant ESPN 30 for 30 documentary Broke, and you realise most of these players are destined to become professional athletes early in high school, it's not surprising they can't work these things out for themselves.

In case you were wondering, it is extremely easy to doctor those screenshots via browser extensions these days. You don't even need Photoshop. Fluctuations to create 'profits' like that pre-match for cricket are impossible.

Comments

Post a Comment

Thanks for your comments, but if you're a spammer, you've just wasted your time - it won't get posted.

Popular posts from this blog

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

Henry VIII Novices’ Chase

It's not just about the Tingle Creek tomorrow at Sandown, there's a Grade 1 Novice Chase amongst the rather decent supporting card. Lining up for the preview is astute NH enthusiast Sam Tribe, @samtribe87.

---------------------

Racing Post Henry VIII Novices’ Chase
Grade 1 Chase, 2 Miles
Sandown 13:50
Likely going Soft, Good to Soft in places


With doubts concerning the fitness of last year’s Queen Mother Chase winner Sire De Grugy and of the two mile chase king Sprinter Sacre (despite bullish remarks from Henderson) there is a chance for another to step into the limelight. Both have won the feature race of the day, The Tingle Creek Chase and that will more than likely throw a few into the hat. However, I have chosen to take a look at the Henry VIII chase, which was changed to a grade 1 in 2011 and has been won by some nice prospects in the past (Somersby and Al Ferof to name but a few). Let’s hope that a potential Champion Chase contender of the future will feature in this …

Kentucky Derby preview

It's America's big day of racing, where 90% of them will be there to be seen and most won't have a clue what difference Churchill Downs Inc's latest takeout hike does to shaft them on every bet placed. Throw in the standard arguments about race-day medication in the US and the recent New York Times/PETA expose on yesterday's Oaks-winning trainer Steve Asmussen, and racing in North America could be in better health.

Still, it's one of the elite races and great occasions of the world, and stepping up to the plate is Jon da Silva again, @creamontop, with his preview in a very American style. (No I don't understand Brisnet figures either...)

------------------------------

The Kentucky Derby Presented by Yum Brands

They say you should avoid food additive E-numbers which you can’t with Yum Brands…

Yum! Brands, Inc. or Yum! is a United States-based Fortune 500 corporation. Yum! operates or licenses Taco Bell, KFC, Pizza Hut, and WingStreet restaurants worldwid…