Almost $2 million has allegedly gone missing from a fund established to protect Victorian bookmakers from defaulting on gambling debts. The missing funds were invested with a law firm and were meant to be lent to private borrowers and secured against mortgages.
Almost $2 million has allegedly gone missing from a fund established to protect Victorian bookmakers from defaulting on gambling debts – days before the biggest events on the spring racing calendar, including the Melbourne Cup.
Samperi said the law firm had been asked by the VBA on Sunday evening to provide an explanation of the allegedly missing funds. He said the VBA would await their response before deciding whether to notify the Legal Services Commission. He said an email would be sent to all members of the Victorian Bookmakers’ Association on Monday afternoon.
Victorian Bookmakers Gambling Debts Missing Funds Law Firm Private Borrowers Mortgages
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Almost $2 Million Allegedly Missing from Victorian Bookmakers' FundAlmost $2 million has allegedly gone missing from a fund established to protect Victorian bookmakers from defaulting on gambling debts. The missing funds were invested with a law firm and were meant to be lent to private borrowers and secured against mortgages.
Read more »
Bookmakers want answers over allegedly missing funds invested by law firmAlmost $2 million has allegedly gone missing from a fund established to protect Victorian bookmakers from defaulting on gambling debts.
Read more »
Victorian woman found dead in Bendigo house where two children were home, homicide police investigate7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Regional Victorian towns capitalise on mountain biking as participation skyrocketsMountain biking is now more popular than fishing, and rugby league and union combined. More regional towns are seeing how they could benefit.
Read more »
‘Thread of anti-freedom’: Sky News host criticises Victorian ‘cultural police’Sky News host James Morrow says there are calls to bolster the “cultural police” in Victoria. Mr Morrow says the cultural police “would have the right to enter people’s private property,” including farms and houses in Victoria, “without the owner’s permission”.
Read more »
Melbourne sobering centre facing delays ahead of Victorian public drunkenness overhaulThe opening of a 20-bed sobering up facility designed to complement changes to Victoria's public drunkenness laws is running behind schedule, with just over a week until the reforms come into effect.
Read more »