Posted on: March 16, 2026, 07:49h.
Last updated on: March 17, 2026, 05:03h.
- Australian betting syndicate collapses owing $1.5 million to creditors
- Founder allegedly kidnapped by the Alameddine crime network over gambling debt
- Liquidators find less than $1,000 remaining in collapsed betting venture
An Australian sports betting syndicate has collapsed owing about $1.5 million, just months after its founder was allegedly kidnapped by associates of one of the country’s most notorious organized crime networks.