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New details emerge about Vlahos punters club scandal

Sat, Feb 1, 10:25am by Brad McGrath

VlahosBILL Vlahos continued to accept money from new clients despite the wheels being in motion to wind up his failed punters club.

It has also emerged that Vlahos withdrew about $200,000 from the punters club bank account on December 9, the day he was allegedly bashed and his car containing important punting club files was torched at his property on the Bellarine Peninsula.

Within a week Vlahos had applied for bankruptcy and resigned from his horse business – BC3 Thoroughbreds.

Vlahos has been interviewed a handful of times by bankruptcy trustee Clyde White.

The creditors of Vlahos’s punting club – The Edge – gathered in Melbourne on Friday and met with Mr White.

Mr White told creditors he had recovered $10,000 of the $170 million missing, but said that there are still a lot of transactions in Vlahos’s bank accounts to trawl through.

In December Mr Vlahos produced bank statements in the NSW Supreme Court showing $112 million was deposited by Daniel Maxwell, who is yet to have his existence confirmed.

The statements showed a deposit was made on January 23 and withdrawn the same day.

But Mr White told creditors that bank statements supplied by NAB showed there was no such transaction.

There has been no time frame for Mr White’s investigation to finish but it is believed over 1000 people are owed more than $500 million in winnings and stake money.

Mr Vlahos is also facing heat from Racing Victoria who is investigating his links to BC3 Thoroughbreds.

The company purchased Black Caviar’s half-brother Jimmy for $5 million but never paid for the horse, which died of laminitis on December 30.

 


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