Alastair Campbell, formerly a powerful figure in UK politics, funneled £300,000 (US$370,000) into his son’s ill-fated soccer-betting syndicate prior to its collapse, The Daily Mail reports. Alastair Campbell, right, was Tony Blair’s director of communications, but his son Rory’s collapsed betting syndicate may prove a difficult spin. (Image: The Sun) Campbell, 67, is one of more than 50 investors who collectively plowed at least £5 million (US$6.1 million) into the venture, which was operated by Rory Campbell, 37. The scheme purportedly used mathematical models to gain an edge in the betting markets, but investors were told two weeks ago that the syndicate had collapsed because sportsbooks in Asia had failed to pay out winnings, according to sources who spoke to the Mail. Rory Campbell had previously made assurances that there was “no hole” in the fund and they could expect to receive their funds “in full” by the end of July, one source said. In mid-July Campbell revised that figure… Read More
Category: Crime & Scandals, Alastair Campbell, betting syndicate, Rory Campbell
Source: Casino.org
