A 23 year-old Victorian man has been charged with allegedly exploiting a corporate bookmaker’s cash back promotional offer, Queensland Police say.
The Queensland Racing Crime Squad allege the man exploited the promotion which provides cashback for losing win bets when a horse places second or third, with returns paid in credits.
The Queensland Racing Crime Squad recovered almost $18,000 in cash, more than $90,000 in betting credits, devices used to facilitate the offence and bank cards in a search of his car and Surfer’s Paradise hotel room.
The Victorian man was charged with a single Federal charge of dealing with property reasonably suspected of being the proceeds of crime and has been given notice to appear at Southport Magistrates Court on November 5, 2018.
Queensland Racing Integrity Commissioner Ross Barnett said this case highlighted the close working relationship between corporate bookmakers and the Commission.
"The sharing of information associated with illegal betting activity is beneficial to the Commission, the corporate bookmaker and to the betting public who follow the rules," he said.
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