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TWO IRISH MEN are among four people arrested in a series of raids across Australia’s Gold Coast targeting a suspected fraud syndicate.
Australia’s Crime and Corruption Commission (CCC) allege that the group, known as the ‘Irish Boys’, are involved in a cold-calling investment scam operation that has made at least $4 million by defrauding at least 150 people across the country.
It’s claimed the group run high-pressure sales operations known as ‘boiler-rooms’ and attempt to sell fake investment schemes and sports betting software.
Police believe that the four men arrested are among the leaders of the syndicate and are aged 32, 33, 34, and 36. Two of the men are Irish nationals and formal charges are expected to be brought later today.
Police say that there is an intelligence to suggest that some of the money has gone offshore.
“It will be alleged that these four men were the key players in running the two boiler rooms that we’ve dismantled today,” CCC’s Michael Scott said at a press conference this morning.
It’s understood that the software is aggressively sold to people on the premise that it provides them with a foolproof way of winning money from bookmakers by allowing them to bet on both sides of a two-sided sporting event at a profit.
The reality is those scammed cannot make money using the software because bookmakers do not take such bets.
The syndicate is alleged to have used seven different companies to conduct their operation with the raids carried out a number of locations at Surfers Paradise and Bundall.
Three businesses and six residential properties were searched along the Gold Coast and Scott says that “two active boiler rooms” were shut down by CCC officers working with Queensland Police.
Forty-five people were found to be working out of the offices police said today:
“Sales people use high-pressure and dishonest sales tactics to sell fraudulent investment schemes and sports betting software to members of the public. It is sophisticated organised criminal activity.”
Some of the dishonest tactics used by those involved in the scam are the use of false names, virtual offices and even fake receptionists to deceive the those targeted by the fraudsters.
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What odds the irish boys have a record here already.
Unlikely as they would never have got a visa for Australia if they did?
I know 3 lads in Australia, all 3 have criminal records with 2 of the 3 having served time
@John. Think you missed Pauls point
Isnt Scammers taking money from wanna-be Scammers, a victimless crime…. Hard to find sympathy in all fairness…. although. that said, bookies are utter c***s too…..
Don’t use the word ‘to’ before intellectually if you’re trying to be smart.
Don’t use tbh after the word intellectual if you’re trying to be smart
Don’t bother bringing in the ‘traveller’ angle, its very straw-man
Nice to call them the Irish boys when only half the group are Irish! Aussies are unreal.
*Some Aussies are unreal
and none of them are boys.
*The vast majority of Aussies are unreal.
Haha exactly what I was thinking. Two of the four are Irish and well that’s all that matters really.
Wolf of Ramsey Street.
Ramsay st is in Melbourne. 1500Kms away from Surfer’s Paradise.
You must be great craic at parties.
Bleedin travellers… Knacker’s the lot of them.
to be honest you only notice the bad ones. The good ones have already blended into society like the rest of us. Same logic would apply to the Roma community.
So the journal moderator’s think this comment is fine? Way to go. Lazy idiots.
How does common sense not tell you that a registered bookmaker won’t let you bet on two sides in a sporting event at a profit? Regardless of the “software”
Do the anti immigration people agree with consistency? All irish migrants running scams, still unemployed, working without paying tax or have a criminal record should be sent home. Whatever way we treat these migrants and refugees expect the same treatment when you go abroad
Bloody immigrants. Keep them out, and by the same logic, keep them in.
What’s the odds of that?
Heard of this software before. You must bet very big to make any profit. Its not 1 bookies its 2. For a hypothetical example for tonights game of Liverpool. V Bournemouth. Paddypower might have over 2.5 goals at 2.05 and Ladbrokes have under 2.5 goals at 2.05. Bet big on both to make a profit. Software sold will supposedly tell you latest odds on these amazing deals. Pure scam.
Sounds like it would work?
That market is referred to as a ‘coin toss’ in betting terms.
Small fractions, no guarantee.
The average split between over 2.5 and under 2.5 is about 51% against 49%.
If you bet over 2.5 goals and the score is 2-0 early on then you have to lay it off by backing no more goals to guarantee a profit.
It’s all about judgement.
It’s not rocket science.
if its too good to be true etc etc etc….
Apparently the Irish police abstract only shows stuff over a suspended sentence. I’m in Canada and loads of Irish guys here with drink driving charges or drug possession offences. But other nationalities (including Americans) are turned away at the borders every day over having similar records . True story folks , I don’t understand it either
Sure. You could visit anyways unless you were silly enough to tell them you’ve got a history. But for work permits or residency they won’t nail you on it but keep in mind if they get suspicious about anything they can contact them for a more detailed one but generally if you’ve been behaving while living here they’ll leave it at that.
There’s only one guaranteed way to make money from racing.
Laying horses.
If I own a horse running tonight at 7 o’clock and the bookies have him at 4-1, I tell you that this horse will not win.
Why? Because I’ve told the jockey not to put him in the race, he will not win, that’s it.
Now you go on Betfair, stick your head above the parapet and advertise that horse at 8-1, all the money you attract is guaranteed because he’s not going to win.
Keep it cool, you’ll never get caught.
I don’t really have much sympathy for the people who got scammed to be honest.
As an Aussie said to me before us Irish are known as “dodgy and backward”… He wasn’t fair wrong for some of the s c u m that have entered there shores
Lets just hope they weren’t naked too
have your say