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Melbourne racing identity Bill Vlahos pleads guilty to defrauding betting clients
Melbourne racing identity Bill Vlahos has pleaded guilty to defrauding betting clients of more than $17.5 million between 2008 and 2013.
The 54-year-old admitted to two charges of dishonestly obtaining a financial advantage by transferring millions paid by his punting club investors to his personal account.
The County Court of Victoria heard 68 clients were caught up in the scam.
Please click here to read the rest of the article as it appears on the ABC Rural News website.
Article wrirtten by: Karen Percy
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