Bet fraud nets $150k

A BRISBANE man has been charged with making hundreds of thousands of dollars from fraudulent bets.

Police allege the 31-year-old fraudulently gained more than $150,000 from betting outcomes, as well as using his status as the employee of a betting company to channel money and place late bets on races around the country.

Detectives from the Queensland Racing Crime Squad are investigating whether some of the money was used to invest in shares in interstate greyhound and thoroughbred racehorse syndicates.