Miles Rodgers, the British professional bettor, who heavily traded horse racing on BetFair, who was a suspect in the Fallon case, and who was cleared today.
Chris F. Masse December 7th, 2007
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£11 million = $22.3 million + €15.2 million
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External Link on the Fallon Case: BBC News - (Thanks to our good friend Niall O’Connor for the tip.)
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[...] However, there had already been dialogue between the two parties about Miles Rodgers, who had attracted Betfair’s attention in late December 2002 when he used accounts with them to take bets on Legal Set, making a large profit when the horse lost. According to evidence given by Betfair lawyer David O’Reilly, the Jockey Club put Rodgers’ name to Betfair unprompted in early 2003, and the betting exchange confirmed he was a “person of concern”.
The Jockey Club’s investigation into Rodgers continued until a hearing in March 2004, at which he was “warned off” for two years, meaning he was not allowed at racetracks or in racing yards and that jockeys and trainers could lose their licences if caught discussing racing matters with him. Betfair had allowed Rodgers to continue operating an account in the name of his partner, Joanne Richardson, throughout 2003, during which time it was in the top 1% of accounts by turnover. Although this account was closed after Rodgers’ warning-off, he was able to continue operating accounts in other names until his arrest in September 2004. [...]
MILES RODGERS
Former syndicate boss who ran Platinum Racing. Banned in April 2004 because of breaches of rules relating to backing of his own horses to lose.THE PROSECUTION SAID: Rodgers had co-ordinated the betting scam, collecting information from jockeys or through intermediaries and then placing bets, which exposed the accounts to massive liabilities for much less gain — allegedly because he was so confident of the outcome. This was done via a string of Betfair accounts. Was said to have turned over £2.1m in the races involved but lost £368,000. He was also accused of passing gifts to the riders and concealing the proceeds of crime.
THE DEFENCE SAID: Denied paying jockeys for tips and was presented as a compulsive gambler who bet massive sums on events like The X Factor, which made his betting on horse racing nothing out of the ordinary.
WHAT HAPPENS NOW? Having served his exclusion order, could once again apply to be an owner.
- Betting , Exchanges & Markets , People , Regulations
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