One of four men charged over a multi-million dollar on-line sports betting scam has applied for bail in a court on the Gold Coast in south-east Queensland.

Alan Davenport, 57, is facing ten charges including aggravated fraud for his alleged involvement in the scheme.

Police say Davenport was a director of a company which convinced more than 600 Australians to invest more than $10 million on sports betting.

The hearing at the Southport magistrates court is continuing.

Original Article – By Russell Varley

http://www.abc.net.au/news/stories/2010/01/12/2790189.htm