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Three in court over tipping service case.

Byline: Graham Green

THREE men have appeared in court accused of conspiring to defraud prospective investors in horseracing tipster schemes, writes Graham Green.

Twins Paul and Greg Spicer, and Lee O'Donnell, did not enter pleas to the charges during the hearing at Lewes Crown Court.

The Spicers, aged 35, are accused of conspiring to defraud. They are also said to have removed pounds 150,000, which was allegedly criminal property, from a bank in the UK and transferred the money to Dubai.

They are also accused of making a false statement under the Trade Descriptions Act by claiming that Andrew Baxter UK Racing Investments was run by a man who graduated with a double first-class honours degree in business studies from Cambridge University when this was untrue.

Paul Spicer and O'Donnell, 62, are charged with conspiring to defraud existing members of the John McCracken Horse Race Betting Syndicate by inducing them to invest in a no-risk investment opportunity.

The offences are said to have been committed between 2003 and 2007. The three men, all from the Brighton area, were released on bail until September 16.
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Title Annotation:Sports
Publication:The Racing Post (London, England)
Date:Sep 4, 2009
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