Self Proclaimed “King of Betfair” Convicted
We’ve all heard of someone being conned of their hard earned dollar, it can be from a complete stranger or someone we know, like a family member. Such is the case with Eliot Short, self proclaimed “King of Betfair” who has been found guilty of conning family and friends on a gambling system that would yield “extremely high returns.”
Eliot Short promised family and friends what he could not deliver, he also claimed he netted him more than £21million, ‘extremely high returns’ using a system on gambling website Betfair. He convinced not only family and friends of this complete and utter lie, but somehow convinced News of the World to run a feature on his successful system and that he obtained his £21million from this betting system as a former City trader.
The twenty-six year old had impressive offices office in Knightsbridge, a chauffeured luxury automobile, designer suits and an extravagant lifestyle.
Judge Peter Testar sentenced Short whom he said, ‘lied shamefully through his teeth’, and that he was ‘potentially dangerous as far as the financial interests of others are concerned.’
The jury convicted him of nine counts of fraud including an additional count for supplying an article for use in fraud. The victims have been reported to have given Short over £400,000.
Betting Scams of Winning Tips
In similar events, This is Money has written a several articles detailing the gambling systems offered by Colin Davey of Spinacoin.
Last June, an article featured in the online paper went into details of how a math teacher, John Howard of Sanderling Way in Stowmarket “promised rich pickings from a gambling website.” The mailshot asked interested parties to send out a percentage of winnings in return for the roulette system he had devised some 25 year prior.
After an investigation in what seemed a “to good to be true” offer, the reporter found that the interested parties were introduced to the website Spinacoin and that the address of supposed retired math teacher was actually the home of Miss Serena Davey and the Spinacoin website was set up bySovereign Group UK Limited, whose director is Mr Colin Davey.
Forward now to one year later and it seems as though these mailshots from tipsters are now being introduced once again from a fully licensed online gambling website called Spinacoin.
The mailshot claimed,
‘This method could find you just three or four bets per week, with nearly every one winning at prices up to 6/1.’ And this guaranteed money-making machine is yours for just £27, payable to Davey’s company, Sovereign Group (UK) Limited.
Further probing by the reporter found that the address in Stowmarket was indeed the home of Serena Davey, a relative of Colin Davey and company secretary of Sovereign Group (UK) Limited.
Contacting the Suffolk County Council Trading Standards, the news reporter says evidence provided went to an investigation that lead to nowhere. A council spokeswoman responded: ‘We are working with Mr Davey in a proportionate manner to ensure his future advertising is fully compliant with trading standards law and are continuing to monitor the situation.’ Anyone who wanted to complain about him should ring Citizens’ Advice.
Colin Davey along with Serena Davey declined to comment on behalf of the reporters invitation to refute his claims of a betting scam.