Detectives attached to the Queensland Racing Crime Squad working in conjunction with the Queensland Racing Integrity Commission have today charged a man with allegedly making fraudulent bets, Queensland Police say.
A search warrant was executed this morning on a Fred Street address in Red Hill after the 31-year-old allegedly fraudulently gained more than $150,000 from the betting outcomes.
It will further be alleged the man used his status as an employee of a betting company to channel money through other fraudulent accounts to place late bets on races around the country.
Investigations are also continuing in relation to the proceeds of crime having been used for the purpose of acquiring shares in interstate greyhound and thoroughbred racehorse syndicates.
A 31-year-old Red Hill man has been charged with fraud and is expected to appear in the Brisbane Magistrates Court on March 7.
Two 23-year-old men also located at the address were charged with drug related offences.
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