Queensland Racing Crime Squad fraud arrest

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.

If you have information for police, contact Policelink on 131 444 or provide information using the online form 24hrs per day.

You can report information about crime anonymously to Crime Stoppers.

/Public Release.