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Yes, but that was after the ball. A pity that someone didn't lodge a complaint while they were still operating.

The ACCC and other government funded consumer protection agencies in Australia have a very poor record of showing the slightest interest in any wagering related complaint.

But in this case it...

So is this all dead and buried now?

Is there any ongoing action afoot to obtain justice?

Some of the material I saw being published was defamatory and really appeared to lack substance.

Choosing to attack Delta in such a way was inviting trouble and was a serious strategic error imho....

I see that @CrookBooks hasn't suffered that fate yet.

Very strange.

Gone quiet.

More than 2 weeks since the last post in this thread!

Have Delta Corp's threats silenced you guys?

Understood!
Wishing you all the best in obtaining justice.

I've been watching but not seeing anything.

http://www.oxforddictionaries.com/definition/english/spruik

Out of interest I just looked up the Peter Lord of Canbet website.
First article talks about what he regards as Australia's best 3 races.
He chose to name the 3 richest ones which I suppose is ok...

here's an idea :machinegun:

http://www.theage.com.au/victoria/mick-gattolinked-debt-collecting-company-moves-into-the-racing-industry-as-police-push-for-new-laws-20150316-1m0gnv.html?

Changing an entity's name makes no difference at all to it's legal status and obligations.
It can make them more difficult to locate and it frees up the name for use by someone else.
But who would...

He's obviously a favourite backer and thinks those of us who don't mind backing underdogs are crackers!

"


if the directors have wrongfully traded or committed a tax fraud or some other offence"


I don't know, but if this aspect could be upheld it may be of significance to ASIC or a civil...

The only possible hope is to get a judgement for fraud against the directors and then pursue them for your money.

That just can't be achieved in the UK.

It has to happen in the country where...

This is an extremely disappointing outcome. I really thought ASIC would have found enough to mount a worthwhile case.

That was the only real chance of getting some degree of justice.

I see no...

And it's likely there won't be any significant news for many more months either.
Why is it that people just can't comprehend that formal investigations and preparation for legal action requires a...

"it wouldn't be anything to do with her"
It MAY have occurred regardless of her involvement in bringing the case and evidence to the attention of ASIC but there can be no denying the effort she's...

So, if thanks to Shari's efforts, you do receive (admittedly unlikely) anything from the wreck you'll be giving it all to Shari I trust?

Ignorant arsehole!

I suggest you read what Shari has been saying.
For the time being, there's really nothing else worth doing.
These things take time.

I think maybe the Gambling Commission isn't the real culprit many are making them out to be?

Seems to me that the government hasn't given them the power or resources to do what is needed to be...

don't we all just love conspiracy theories? :)

In these cases it is always a longshot that punters will get their money back but it does sometimes come off. And that is NOT the reason she "quit on you guys".

BUT there is an extremely good...

failed?

clearly shows he has no comprehension of the situation at all

what a dipshit!

Yes, be a bloody shame if it's all for nothing due to a dummy spit over an imbecile.

I'm pretty sure the offer you are referring to came from Mark Read's markread.com.au Hong Kong betting site.

When Read sold out of IAS, I think he maintained some sort of connection with Canbet...

If you are serious about working for them you may as well just forget all about it. They're no longer in business.
If you need information on the company, contact the Australian Securities...

ffs! you need to show some patience.
ASIC has to properly investigate the thing and prepare their case to take to court. Don't hold your breath this could take many months. Probably won't get to...

The latest news is in this thread.
Read Shari's posts ffs!

Despicable!

Read Shari's post (#1126) you fool.

"We have since been provided with management reports up to 8 January 2014 and have no reason to believe that the Group's financial position has changed materially since our last review."
...

Yes, good point. Anybody who deposited funds on the strength of that assurance would appear to have a good prima facie case for compensation from the auditors and/or the GC.

I suggest you re-read what you've been told. They say they are now trying to sell assets to raise funds to pay you. Clearly that means they don't have the money. And surely nobody's fool enough to...

Despite what Lord has said, the only realistic chance for players to get paid is following official action which holds the directors personally liable. That's no certainty but not that much of a...

Sorry mate but I really have no idea about that. Probably a moot point in this case anyway.

Legal action against a company is pointless if there are insufficient funds to pay a judgement debt.

As to taking action against the directors/proprietors that would need to await the outcome of...

That letter, saying they need to sell assets to raise funds to pay customers amounts to an admission that player funds have been misappropriated.

Regardless of whether there is a legislative...

:lmao:

i'm not the least bit surprised by this "revelation" but where what have these authorities been doing all the time whilst Canbet and numerous other overseas bookies have been offering betting on...

You might be right as some absurd numbers seem to have been paid for the likes of TW as you said.
But frankly I struggle to comprehend it as I'd reckon any large bookie already has 75% of those...

Just in case they do have or get the money to pay account holders.

Now that is more the sort of complaint which IBAS is there for. Did you refer it to them? Not too late?

Exactly my point.
Let the bastards get away with it and this will just continue.
You need to be careful when choosing books to play at.
I'd never trust places like BetIslands and 99.9% of the...

I can't accept this attitude at all.

Letting criminals get away with defrauding players only permits them to return in another entity to repeat their crime. It also encourages others to try the...

"offshore" is a relative term, so it depends where you are.

Whilst I acknowledge that IBAS may not be the most useful of bodies, for people to be castigating them over this issue simply shows that they have no comprehension of their role. They are NOT a...

Excellent questions

As to whether Canbet has any assets itself OUGHT to be irrelevant.
Player account balances should never be seen as assets of the bookmaker and don't belong in their balance...

Orright Mr Independent Auditor, Show Me The Money!

I really don't believe this issue is appropriate for IBAS.
Their role is to adjudicate issues relating to bets where there is a dispute between the punter and a member bookie after all avenues have...

Strange how so many posters think Shari is a bloke.

Well, perhaps not that surprising as she's showing some balls on this issue.