Tuesday, November 04, 2008

High Court injunction for bogus tipster

Is the injunction fitting punishment?

news - www.racingpost.co.uk:

"A BOGUS tipster from West Sussex has been prevented from carrying out any more scams after being hit with a High Court injunction following action taken by the OFT.

Denis McCarthy sent out a series of mailshots under the name of D&E Associates offering a racing tipster service which, at a cost of up to £397, promised the chance to win 'over £2,000 per week tax free'. It is believed that more than 4,000 people sent money in response to the letters, netting McCarthy an estimated £300,000.

The OFT considered the mailings to be misleading as they gave the impression that the supposed experts behind D&E Associates, Peter Deegan and Christopher Emmerson, were real people with over 60 years combined experience in the racing industry who had access to inside information.....

The High Court injunction prohibits McCarthy from continuing to be involved in the publication of misleading advertisements promoting tipster services. "

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