Paul Montgomery stole millions from the Gurney family business. He was known in the racing industry as 'The Golden Goose'

The Garnie brothers hired a person who believed that they could be trusted.

In the end, this decision destroyed human relationships, caused more than $ 10 million, and the big bookmaker made a man known as a "gold gow butterfly" as "food", so their company drives up just before the bankruptcy. It was.

The man was a family friend, Paul Montgomery, who was married and became a relative.

Paul Montgomery was hired to manage the books of the civilian business.

"Paul was like a sixth younger brother. His father was training my father's racehorse. There were also common uncles, so it was a lon g-standing member of a family. Wayne Garnie says on 7. 30.

The three brothers, Wayne, Michael, and David Garney, run a construction industry RDS Civil. (ABC News: Crystalyn Brown)

"Paul is an accountant, our business has grown. Michael Gernie says," Paul is an accountant and our business is growing.

Garnie's business, RDS Civil, was run by five brothers, Wayne, Michael, David, Ian, and Neil, in Shala Park, south of Brisven.

The brothers worked on pipes and concrete laying, building roads and bridges, building land, and bidding for new projects.

Paul Montgomery was in charge of managing the company's books. Providing

Montgomeri took over finance, and his brothers worked in various sites. Eventually, the new accounting staff became the general manager of the company.

RDS Sibil had a good contract and hired about 180 staff. The big project was completed as scheduled, but something was wrong.

"The rewards didn't seem to be in line with their efforts. Wayne says," We were exhausted on Friday and came to work, and we wondered what they were making mistakes.

Tensions began to run among the brothers over the whereabouts of money, and a legal dispute occurred, and a forensic accountant was called to investigate the books of the company.

'Shocking' a veteran forensic accountant

It was Dan Haines who found out the company's money destination. (ABC News: Crystalyn Brown)

Dan Haines has been investigating fraud for nearly 20 years, but has not been prepared for what he found when he surveyed the RDS Sibil late at night.

"To be honest, I was shocked. To be honest, I was shocked. I thought this was impossible," said Foreenic accountant to 7. 30.

He discovered a large amount of money to Paul Mongomery's personal account.

Montgomery's personal credit cards were used to deposit large sums of money into gambling agency accounts.

"As we continued our investigation, we found much more - deposits totaling more than $11. 5 million from 17 different gambling agencies," Haynes says.

The brothers were as shocked as the forensic accountants.

David Gurney says he was "totally devastated" when he learned the truth. ( ABC News: Crystalyn Brown )

"I remember, for three weeks to a month, I just got up, went to work, came home, went to bed and didn't talk to anybody," says David Gurney, who knew Montgomery since he was 2 years old.

Wayne Gurney says the sense of betrayal is immense.

"To know that your company was brought to its knees by one person... it was heartbreaking. It was awful. To know that it was him. I can't put it into words.

"Maybe we should have been watching him more closely, but we were busy working away from work. He was supposed to be managing our finances."

Dan Haynes was shocked by the scale of the fraud he uncovered. ( ABC News: Crystalyn Brown )

Haynes says about 60 percent of the fraud cases he handles are gambling-related, and it's almost inevitable that victims feel shame.

"What I see most often is regret, because they trusted someone and they should have known," he says.

"But, frankly, business depends on trust. But, frankly, business depends on trust.

While Montgomery's crimes are ultimately his, the brothers believe that sports betting companies encouraged and enabled his reckless gambling.

"They're parasites. They suck the lifeblood out of everybody. They don't care who they're ruining," Michael says.

"I think they're a pack of pigs that just prey on the weak," Wayne says.

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Paul Montgomery was seen as a "golden goose" by industry insiders. Provided

The Golden Goose

The brothers knew Montgomery liked punting. But his encyclopedic knowledge of racing form and the way he boasted about his victories convinced the brothers that he was a successful gambler.

"Even back then I thought he was probably the best judge I'd ever seen," David says.

The brothers were unaware that Montgomery was bankrolling a string of multimillion-dollar losing streaks. As they later learned, industry insiders saw Montgomery as a desperate punter lining the pockets of betting agents.

His nickname was "The Golden Goose."

"I later found out he was in the top five percent of punters in Australia," David says.

In the world of online betting agencies, the business model is simple: losers maximize bets and winners minimize bets.

Michael Gurney says betting agents "kowtow" to Montgomery. (ABC News: Crystalyn Brown)

Betting agencies target big-time gamblers through a system of VIP managers who build personal relationships with punters, inviting them to sporting events and free lunches, making them feel special, and showering them with "free" bonus bets to keep them gambling.

The VIP Managers

"They gave Paul everything. He used to boast that he could go to any sporting event in Australia," Wayne says.

"They just tried to be his best mate.... they fawned over him to make him feel more important and to make him feel better. They stroked his ego. He loved it," says Michael.

So-called "VIP customers" make up a big share of the betting industry's profits. According to the UK gambling regulator, one major betting agency received more than 80 percent of its deposits from "VIPs," who make up just 2 percent of its customers.

Wayne Gurney says gamblers "gave Paul everything." (ABC News: Crystalyn Brown)

During Montgomery's decade-long losing streak, two former NRL players, Duncan McRae and Jess Cain, were among the sports betting salesmen who entertained Montgomery, providing him with corporate hospitality and helping him continue betting.

The Gurney brothers were invited to the corporate box as Montgomery's guests and watched McRae in action.

"Duncan came with [Montgomery] to Melbourne and the Magic Million and the championship in Sydney. Food, alcohol, corporate box, everything was provided.

The crowd rushing to Landwick during the championship. In 2019, Winks was the leading role. (Getty Images: Don Arnold/Wireimage)

According to a record compiled by Forensic Accountant, Betting Agency, where McCre, including Bluebet, has been receiving about $ 2. 5 million from Mongomary for seven years.

"VIP managers like Duncan are living the current life due to the damage caused by themselves," David says.

Duncan McRlee did not respond, while ABC tried to contact him.

Duncan McRlee joined the NRL and joined Super Rugby Wallaters. He was one of the salesmen in the betting industry, who gave a corporate entertainment to Montgomery. (Getty Images: Nick Laham)

According to the read y-made record, Montgomery deposits more than $ 4. 5 million in sports beds during the same period.

Former Rabets, Jess Kane, was a sports bet's customer manager at the time. He is a former NRL player and a sports commentator Joel Kane's younger brother, and has become a regular sports bet on commercial television and radio.

Jes Kane has various sporting events and events (Golden Slipper, State of Origin's legendary player Darren Rockyer, free bonusvet offered, etc.) to the 7. 30's email obtained. It is stated that you are inviting.

Jess Kane did not answer the 7. 30 phone.

Paul Montgomery had been paid about $ 140, 000 an annual income when he had lost millions of dollars.

Under the Money Laundering and Terrorism Funding Prevention Law, gambling operators require a proof of income to prevent criminal acts.

David Gernie says that VIP managers live "from the devastation given to others." (ABC News: Crystalyn Brown)

According to David Gernie, Bet 365 and Tabcope have asked Mongomary to prove their income.

"BET365 sent an email to Paul requesting information about his salary, income, and employer details. He said," I don't want to bet because I win too much. " Ta.

The Gernie brothers believe that blue beds and sports beds did not do the same.

"I can't afford to do that. He earned $ 140, 000 a year. One year sales were $ 5 million. Why not make such a decision?

Wayne Garney believes that some Betting companies would not have asked for more information on Montgomeri's salary. (ABC News: Crystalin Brown)

When 7. 30 asked BLUEBET if Montgomeri asked for income proof, the agency's public relations answered by e-mail: "Bluebet is no comment.

Sports bets states in the statement: "Sportsbet cannot talk about individual customer conditions. We continue to enhance system and processing with regulatory obligations.

"We take a serious responsibility to support more secure gambling and reduce the risk of financial crime.

VIP managers of various sports betting agencies provide financial incentives to maintain the gambling of the large pantian.

Kate Chainy believes that commissions in VIP customers gambling should be illegal. (ABC News: Matt Roberts)

The 7. 30 has obtained a contract for a sports bed VIP manager since 2017, when Montgomeri had a large gambling. The contract shows that up to 20 % of the VIP customers have paid up to 20 % of the sales staff.

The sports bed said in e-mail that it abolished all the commissions of sales and custome r-compatible staff in 2020.

An independent member Kate Cheney, a member of the Congress Committee, who investigated the harm of online gambling, said this commission should be illegal.

"In the committee process, we heard from some of these experiences that the staff was encouraged to maximize customer loss," she said 7. 30. I talked to.

"It is completely frustrating to be given an incentive that uses a problematic gambler as a prey and maximizes their losses."

Paul Montgomery (right) leaving the Brisbane Court. (ABC News: Jessica van Vonderen)

Keeping the proceeds of crime?

Police explained Montgomery in 2020 and explained that the scams of the Garnie brothers were "the highest in Queensland in recent years."

At that time, the police claimed that he had stolen more than $ 10 million from RDS Sivil for 10 years.

In October last year, Judge Diaden sentenced Montgomeri for 10 years and the parole release for 2 years and 10 months.

Gernie brothers have regained less than 10 % of the stolen gold. This was due to civil reconciliation after discovering that Montgomeri had invested some of the stolen funds in real estate.

It has been found that recovery of the remaining gold is difficult. Despite the guilty of Montgomeri, the gambling worker, who gained from his crime, continued to have millions of dollar stealed money gambling.

Paul Montgomery (right) was sentenced to 10 years in prison. (ABC News: Jessica van Vonderen)

"It's a criminal revenue for me. Nobody can benefit from criminal revenue, but I look like they are profitable," said Michael.

"They know the eyes of our business well, and keep them without any guilty consciousness. It's a terrible story," says Way.

Responsible Wagering Australia, a leading industry lobby organization that represents five major gambling companies, has refused to cover the article.

Kai Kantwell, CEO of Responsible Wagering Australia. (ResponsibleWagering. com. au)

Last month, when asked if the sports betting was asked if the sports betting was asked if he should return the stolen money, Kai Kantwell CEO said: "In this country, there is a judicial system to crack down on criminals. I think that the impact of criminals and their acts should be cracked down. "

Michael Garnie has consulted a lawyer about the possibility of filing a lawsuit against a gambling person to regain the bet.

"I was told that it was a waste of time and money. It's not worth it," he says.

"If you lose, you'll have an avalanche. Once a precedent is decided, it's over.

In the UK, the Gambling Committee, a national regulatory organization, has finished millions of pounds to the betting company for receiving criminal revenue.

According to Amanda Rishworth, the establishment of a nationwide gambling regulatory agency has not currently been considered. (ABC News: Billy Cooper)

Australia has no national regulators. Many gambling workers have an office in Darwin to benefit from low tax rates. As a result, many of them are regulated by the NT Horse Racing Committee.

One of the 31 Congress surveys was to set up a national regulatory organization. However, in the interview with Sky News, Amanda Rishowers Social Welfare Minister of Social Welfare suggested that this proposal was not a government issue.

"At this time, we are not in discussions with the state or the prisons. In the discussions with the state and the prisons, how can we adjust better," said Minister Lissyu.

Wayne Gurney wants to introduce a national gambling regulator. ( ABC News: Crystalyn Brown )

Wayne Gurney wants the Albanese government to pass all the recommendations of the inquiry.

"To me, the recommendations are very easy to implement and very fair. It's a step in the right direction to have a national or regulator that oversees everything, not just state by state," he said.

The Albanese government appears likely to reject the parliamentary inquiry's recommendation to ban gambling advertising entirely on television.

Cheney said all the evidence presented to the inquiry shows that partial bans would not work.

"The government's response is very disappointing. They say it's for public health, but it's clearly to protect the broadcast media during election time," she said.

Michelle Rowland said the government is still in an "orderly consultation process" on the gambling advertising ban. ( ABC News: Ian Cutmore )

Communications Minister Michelle Rowland was not available for comment at 7. 30, but in an interview with ABC radio in Perth, she said the government was still in the consultation period.

"First of all, we are having an orderly consultation process on this matter. We are doing this because we understand there is a high level of community interest. The second point is that people want a cultural change.

The Gurney brothers have worked hard to rebuild their company. They want to see better regulation of the betting industry to prevent what happened to them from happening to others.

"They are still ruining people's lives," Michael says.

"Something has to be done to stop what's happening. We're too late now, but I don't want anyone else to go through what we've been through.

"It's been hell for years and years.

7. 30 airs Monday to Thursday at 7. 30pm on ABC iview and ABC TV.

Do you know more about this story? Get in touch with 7. 30.

Contact 7.30

Posted on Monday 9 September 2024 at 18:59 Posted on Monday 9 September 2024 at 18:59 , Updated on Wednesday 11 September 2024 at 12:32 Posted on Wednesday 11 September 2024 at 12:32

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GVC Holdings, the owner of Radbroks Coral, was fined a total of ВЈ 5. 9 million, saying that it protected a problematic gambler and did not take appropriate money laundering. The Gambling Committee stated that consumers were damaged by the "unacceptable" drawback, and stolen gold "flowing through business." One Laddbroks customer had requested the company to stop sending promotion, but the group had lost 98, 000 pounds over two and a half years due to the neglect of social responsibility. The committee states. The red light was not followed up when the customer tried to add cash to his account 460 times when he tried to add cash to his account. Another Coral customer had used ВЈ 1. 5 million in the group in 10 months, but did not require evidence to indicate the source of funding.

Ladbrokes Coral owner slapped with ВЈ5.9m fine after failing to help problem gamblers - with one losing ВЈ98,000 and another spending ВЈ1.5m in under a year

A customer with a problem gambling Ladbrokes called for suspension of promotion, but eventually lost ВЈ 98, 000.

The Gambling Committee (the photo shows the Birmingham headquarters) that gold stolen between 2014 and 2017 "flowing" was "flowing."

The same customer with ВЈ 1. 5 million logged in to an account about 10 times a day and lost 64, 000 pounds in a month. But again, no one in Coral tried to help this customer. On the other hand, Radbrokes confirmed another customer concern about the source of funds, but continues "considerable gambling" without confirming whether they can afford to lose the amount they are using or whether they are legal. I allowed that. From November 2014 to October 2017, the Gambling Committee said Radbroks and Coral had not been able to take effective protection measures to prevent consumers from suffering gambling damage.

FTSE Close: Intu's stock price plunged after revealing that degree. The last dash for PPI cas h-but a fascinating caution. Nationwide states that the housing price will rise only 650 pounds in one year.

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HOW THIS IS MONEY CAN HELP

• According to Richard Watson of the Gambling Committee, "Gambling business determiners need to invest in the welfare of customers and the fulfillment of the funds used in gambling.

These were the organizational failures of major businesses and unacceptable, as consumers were damaged and stolen funds flowed into their business. "

GVC, owner of Ladbrokes Coral, which bought the bookmaker last year, must pay ВЈ4. 8 million and sell ВЈ1. 1 million "for profits taken from customers as a result of failures", the Gambling Commission has announced.

GVC must also review its top 50 customers from 2015 to 2017 to see whether further defaults can be identified.

In response to the Gambling Commission's findings, GVC chief executive Kenneth Alexander said: "Soon after we acquired Ladbrokes Coral, following meetings and ongoing investigations by the Gambling Commission, it became clear to GVC that there had been historic non-compliance in certain areas of our operations.

Working closely with the Gambling Commission and an independent firm of lawyers, GVC conducted a thorough, rapid and far-reaching investigation which has led to today's settlement.

Such historic failures are unacceptable and since the acquisition I have overseen a systematic review of the enlarged group's player protection procedures and the person responsible for these issues has left the company.

We believe we now have a robust, industry-leading approach to player protection.

This includes our recent voluntary commitment to increase funding for research, education and treatment projects tenfold, and the decision to end all sponsorship deals that advertise our brand on UK football shirts and pitch-side advertising billboards.

But we have more social responsibility and work to do, and we will continue to work with other gambling companies and the Gambling Commission to raise operating standards.

Gambler Aware chief executive Mark Etches told This is Money: "We require all gambling operators to be clear about the risks of gambling and provide a safe environment for customers. We also encourage businesses to promote the National Gambling Helpline, as well as the help and advice available at BeGambleAware. org."

Further challenges GVC will also need to review its top 50 customers from 2015 to 2017 to see if there are any further breaches.

The ВЈ5. 9m fine against Ladbrokes Coral owner GVC is the largest ever imposed by the Gambling Commission.

888, one of the country's largest online gambling companies, was forced to pay a record ВЈ7. 8m in August 2017 after serious failings in its treatment of vulnerable customers.

In November 2018, the online gambling business Daub Alderney was fined by ВЈ 7. 1 million in November 2018, saying that it did not follow the rules for the purpose of preventing money laundering and the protection of vulnerable consumers.

William Hill had to pay at least ВЈ 6. 2 million in the penalty package announced in February 2018 due to the negligence of organizational advanced managers to protect consumer and money laundering.

In recent years, the status of regulations surrounding the gambling industry has changed dramatically, and many Britis h-based groups have begun to seek profits.

In April this year, the maximum betting of fixed oddsbetting terminals was reduced from 100 pounds to ВЈ 2 by the government.

Earlier this month, William Hill announced plans to close 700 betting shops, and 4, 500 employment will be risked.

GVC's stock price is 1. 35 % (8. 20 pense) and 599. 60 pense.

The Gambling Committee has finished 2. 3 million euros to Radbroks Coral for violating consumers' regulations.

Thread: Ladbrokes Coral fined пїЅ2.3 million for failures at Gala Interactive business

Ladbrokes Coral fined пїЅ2.3 million for failures at Gala Interactive business

A survey by the Gambling Committee reveals that Gala Interactive has lost 1. 3 million euros with neglect of "effective dialogue" with two online gamblers who "showed problematic gambling actions." гЂ‚ Customer A lost $ 837, 545 in 14 months, and customer B lost $ 432, 765 in 11 months.

A deterioration factor is that in similar failures, Gala stated that GALA would identify and deal with the committee more quickly and effectively deal with the committee. The warranty was done at the same time that customer A and customer B were gambling in Gala.

The European Commission's Sarah Harrison, CEO, said: "In the case of a default of an operator that harms consumers and the public, we will continue to take a decisive measure.

If there is an act that reliably protects customers and indicates signs of gambling addiction, taking such an act is the responsibility of all businesses, especially important decisio n-making people. гЂ‚

This case is not the case, and the $ 2. 3 million fine should be a warning to other businesses.

Click here for more information: http: //www. gamblingcommission. gov. uk. Y-package. aspx

Vetricel Casino (November 7, 2017), Roulette Zeutung (November 7, 2017)

The Following 2 Users Say Thank You to The Buzz For This Useful Post:

November 7, 2017 10:19 am #2

Private member Enrollment date October 2012 posting 44 Thank you. Who will be fined? Isn't it returned to players?

Also, I am not surprised if they foreseeing this situation. I am called sarcasm.

7 November 2017, 10:20 am in the morning #3

Ban Enrollment date November 2005 4, 510 Blog entry number 1 Thank you 1, 920 1, 278 2, 216 times of posting How did the two the guilty of the thieves deposit such a large amount of money?

Depending on the bank account (credit card / debit card)

• Web wallet
• Bitcoin
• It is good to be responsible for Ladbrokes/Coral, but money must come from somewhere to be deposited to the first place. There is no such mention in this report. Even worse, there is no survey on how to raise funds used. Banks in the UK seem to be on the law in this case.

-Shaye- (November 7, 2017), Roulette Zeutung (November 7, 2017), Sporting Ways (November 8, 2017)

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This is the result of playing the Wild West for over 20 years. Sooner or later, no one warned the government warn that the government would find a way to blow this fraudulent industry.

Currently, 100 % of all programs (including good programs) are suffering from at least 50 % Peten, criminals, or stupid idiots who are not sure what they are doing. гЂ‚

Despite the report of newspapers and news sources in various countries about crimes in this industry, the biggest conference promoters and income access are hig h-touched with proven criminals and seizes looting. If you are in conflict, no one will be surprised by the government declaring war in this industry.

I support the government. Obviously, this is the only word that many people can understand. Ten years later, I predict that 65-70 % of all programs have disappeared and 80 % of all employees have disappeared today.

This is because bonus traps, poor response to addiction, dubious tricks, and refusal to repeat over and over again are ending.

Such regulations and government actions are just the beginning. Because, not Russian Oligal, the wise people own a program and often find out who did what or did not say anything on this industry's largest stage in GPWA.

The players in the Ladbrokes Coral case were both thieves and played with money. This is not unusual in any casino, but now the government is aiming for any chance to stop the general action of the industry. You can survive in the long term.

The government is now doing a new RICO method. In other words, find a way to catch all of you. In other words, 50 % of you, scammer, criminal, stupid. The remaining 50 % will not be afraid. You just have to adjust yourself with patience and foresight. < SPAN> Such regulations and government actions are just the beginning. Because, not Russian Oligal, the wise people own a program and often find out who did what or did not say anything on this industry's largest stage in GPWA.

The players in the Ladbrokes Coral case were both thieves and played with money. This is not unusual in any casino, but now the government is aiming for any chance to stop the general action of the industry. You can survive in the long term.