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Betfair to Return Profits to Pension Fund

17 December 2003

UNITED KINGDOM – As reported by the Thoroughbred Times: "Great Britain betting exchange Betfair has agreed to return to the MMD Design and Consultancy pension fund the $348,999 in profits it made off the gambling of former company director Andrew Petrie.

"Petrie was sentenced to 6 1/2 years in prison last week as a result of stealing almost $2,791,999 over a 21-month period from the pension fund…"

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