Businessmen and members of their families and lawyers, as well as some celebrities, have allegedly lost a massive amount of money to a betting scheme that recruited the elite residents of the eastern suburbs as investors. Reportedly, the 31-year-old Michael Pryde used his old acquaintances from private St Joseph’s College Hunters Hill to establish the scheme recruiting affluent customers to make investments in a “guaranteed” system called Simply the Bets. The individuals who got recruited were not aware that the man operating the service whom they trusted with their money…
