Sydney sports betting fund director faces sentence after defrauding investors of AU$1.2 million
Michael Pryde, 32, the sole director of the bankrupt Sydney firm Simply the Bets Pty Ltd, has pleaded guilty to fraud offences linked to a sports betting fund that raised AU$5.5 million from more than 100 investors. His lawyer has asked a Sydney court for an intensive corrections order served in the community rather than a prison term. Sentencing was scheduled for Thursday, according to the report.
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