Sports Arbitrage Investigation

The Queensland Police Service (QPS) is currently investigating the activities of the following seven (7) business entities:

• Blue Point Trading Pty Ltd (ACN 128 760 958);
• Spectre Holdings Pty Ltd (ACN 112 908 648);
• Morgans Group Equities Pty Ltd.
• WTS Licensing Pty Ltd;
• Suncity Equities Pty Ltd;
• International Market Traders Pty Ltd;
• Sure Trading Pty Ltd.

These entities were purportedly taking investments for a Sports Arbitrage scheme. If you have lost money through these or other entities please complete the below documents and email them to SportsArbitrageCCIU@bigpond.com. Please place the name of the company you were dealing with in the email subject field.

The details you provide will be collated by officers within State Crime Operations Command.

Please click the below links and download the respective documents for completion. Note: Separate forms are required for each person dealing with any of the above business entities.

Sports Arbitrage Form ( 36 KB)

Sports Arbitrage Information  ( 27 KB)

Attach the completed documents and email to SportsArbitrageCCIU@bigpond.com

What is Sports Arbitrage?

Sports Arbitrage involves gambling on betting markets; in this case those relating to sport.  It is promoted on the basis bookmakers will either have a different opinion on event outcomes, or make errors. It is theorized that by placing one bet, for each outcome with different betting companies, it is possible for the bettor to make a profit.

Sports Arbitrage Schemes are often promoted through glossy brochures, professional looking websites, and often require high administration fees from participants.

Other Resources Available

Queensland Office of Fair Trading

The Office of Fair Trading promotes the existence of a fair and ethical marketplace within the community. In creating an equitable, informed, and safe marketplace, Fair Trading works to increase business and consumer confidence. Further details are available on their website:

http://www.fairtrading.qld.gov.au/

Australian Securities and Investment Commission

ASIC is Australia’s corporate, markets and financial services regulator.
They contribute to Australia’s economic reputation and wellbeing by ensuring that Australia’s financial markets are fair and transparent, supported by confident and informed investors and consumers. They are an independent Commonwealth Government body. Further details are available on their website:

http://www.asic.gov.au/asic/asic.nsf

DISCLAIMER

This webpage is designed to assist persons wishing to provide police with information regarding the conduct of a Sports Arbitrage entity. This initiative is voluntary. Information provided through the system will be used by law enforcement to garner intelligence and identify Sports Arbitrage Schemes that are potentially fraudulent. Any information supplied may be used and retained by Law Enforcement. This webpage does not provide a means for making a formal complaint. This page is not a mechanism for recovering any money. You may wish to seek independent legal advice or civil redress in this instance.