- Dec 27, 2016
- 26,871
- 56,862
- AFL Club
- Western Bulldogs
- Moderator
- #1
Peter Clarence Foster (born 26 September 1962) is an Australian career criminal who's been imprisoned in Australia, Britain, the US and Vanuatu for a variety of offences related to weight loss and other scams as well as absconding from justice. His convictions range from fraud and money laundering to assault police officers, contempt of court and resisting arrest.
He was also a police informer.
In trouble again for fraud, my guess is it's connected to the boiler room scams selling investment shares in predictive online gambling software running out of the Gold Coast. (Generally horse racing)
The court was told Foster used a fake identity to run a sports betting company in 2013 that had millions of dollars passing through its bank account.
Police told the court Foster called himself Mark Hughes between February and August 2013 and encouraged people to invest in a business called the Sports Trading Club.
One victim allegedly invested $1.5 million before he was alerted to Foster's actual identity via a text message from a director of the Sports Trading Club, which referred to Foster.
The court heard the victim then searched online and recognised Foster's photograph as Mark Hughes.
The court heard more than $28 million had been deposited into the company's bank account, most of which was transferred overseas.'
Foster was extradited from Queensland to NSW in February 2017, and spent one year five months and 23 days on remand in custody, until he was granted bail in August.
In Central Local Court on Friday, Magistrate John Andrews backdated his jail term to when Foster first went into custody, imposing a minimum jail term which would have expired in July - meaning he has already served his time.
https://www.9news.com.au/2018/10/19/16/52/peter-foster-walks-after-fraud-jail-term
https://www.abc.net.au/news/2017-02...ourt-over-betting-scam/8260476?site=goldcoast
What is a boiler room?
He was also a police informer.
In trouble again for fraud, my guess is it's connected to the boiler room scams selling investment shares in predictive online gambling software running out of the Gold Coast. (Generally horse racing)
The court was told Foster used a fake identity to run a sports betting company in 2013 that had millions of dollars passing through its bank account.
Police told the court Foster called himself Mark Hughes between February and August 2013 and encouraged people to invest in a business called the Sports Trading Club.
One victim allegedly invested $1.5 million before he was alerted to Foster's actual identity via a text message from a director of the Sports Trading Club, which referred to Foster.
The court heard the victim then searched online and recognised Foster's photograph as Mark Hughes.
The court heard more than $28 million had been deposited into the company's bank account, most of which was transferred overseas.'
Foster was extradited from Queensland to NSW in February 2017, and spent one year five months and 23 days on remand in custody, until he was granted bail in August.
In Central Local Court on Friday, Magistrate John Andrews backdated his jail term to when Foster first went into custody, imposing a minimum jail term which would have expired in July - meaning he has already served his time.
https://www.9news.com.au/2018/10/19/16/52/peter-foster-walks-after-fraud-jail-term
https://www.abc.net.au/news/2017-02...ourt-over-betting-scam/8260476?site=goldcoast
What is a boiler room?
- High-pressure sales offices using telemarketers working from a carefully prepared script
- Sell software they claim can beat the odds on sports betting or other "investments" involving share trading, foreign exchange dealing or real estate
- Buy lists of people to target who are likely to be looking for a second income or interested in gambling
- People making the calls rarely use their own names; "testimonials" and "trial runs" to hook customers are often fake
- Staff usually paid a few hundred dollars a week plus commissions on each sale
- Masterminds buy old off-the-shelf companies with no complaint history and then close them down when complaints become a reputational problem
- Concentrated in Australia on the Gold Coast for the last 10 years, but target customers nationwide or even overseas