Court Orders Founder of Alleged Ponzi Scheme to Compensate Victims

In response to allegations that Marley’s House of Sport (MHS) was a Ponzi scheme that preyed on Australian poker players, the Supreme Court of Queensland has ordered Marley Wynter, the creator of the sports betting syndicate, to pay AU$4.8 million to 11 plaintiffs.

The default judgment covers interest from MHS’s purported AU$30 million in annual profits as well as promised profits and recompense for investors. As per PokerMedia Australia, Wynter opted not to contest the allegation.

Charges indicate that MHS and its subsidiary Marley’s House of Investment (MHI) lured more than 12,000 investors with promises of enormous returns through sports betting and astute financial management. They were first made public by poker player and advocate Craig Abernethy in early 2022.

Even though MHS closed in January 2023 as a result of mounting charges, Wynter, a well-known figure in the poker world, is accused of using his reputation to support events like the Australian Poker Tour and attract investors through seminars.

The victims claimed getting fake bank statements, having trouble getting cash out, and seeing terms changed to discourage cash outs. “My major purpose was to expose a fraudster so he could not injure any more victims,” Abernethy said, expressing relief at the court’s decision. Marley committed a dishonorable act.”

The ruling aims to provide comfort to those who have been hurt while putting a focus on stopping financial misconduct in the poker community in the future.

Original Story by: Inside Asian Gaming