Notorious conman Peter Foster, charged over an alleged $1.5 million sports betting scam will remain behind bars.
He was denied bail in the NSW Supreme court after Justice Richard Button deemed him a “completely unacceptable risk”.
Foster, has been charged with multiple counts of publishing false misleading material to obtain advantage, dishonestly obtaining financial advantage by deception and knowingly possessing a false foreign travel document.
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The 54-year-old allegedly used an assumed identity, Mark Hughes, to extract sums of between $100,000 and $1 million from a South African man living in WA who invested in the so-called “Sports Trading Club” in 2013.
Foster is due to face a Sydney court next month.