Consumer Alert: Trickery at the races - CBS46 News

Consumer Alert: Trickery at the races

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ATLANTA (CBS ATLANTA) -

If you dream of increasing your winnings at the rack track, then you might be easy prey for scam artists.

One scheme successfully bilked hundreds of victims over a ten year period.

"I've followed racing as best I could for a long time," said an anonymous Fraud Victim.

One 85-year-old victim said he is embarrassed by the fact that he rode his love of horses right into a scam.

"I thought this would be an opportunity to probably fulfill a childhood dream," the anonymous victim said.

His dream was to spend time around horses and make a lot of money.

The issue was, he was lured in by a con artist.

"He was very intellectual in his presentation and very persuasive so I thought that I was dealing with a winner," the victim said.

"He would sell a guaranteed winning method at the horse track…. Guaranteed… or your money back," said Shari Delaney a US Postal Inspector.

Postal inspectors say for more than ten years the suspect in this case sent out flyers with big promises.

It was said a person could make $4,500 a day or $136,000 in a month by only spending $10 dollars a day.

"The amount of money was outlandish – far-fetched and he just guaranteed he had a method that would pick winners at the track. All of his solicitations would have endorsements. Fake names of people saying they won multitudes of money," said Delaney.

Victims were asked to pay anywhere from $50 to $1,500 dollars for the bogus method.

"I was disappointed, somewhat hurt, I felt betrayed," the 85-year-old victim said.

There were hundreds of victims. Postal inspectors say many still write in asking questions or seeking guidance.

When investigators tell them they've been scammed, many ask if they can get their money back.

"That is all they care about is money. Day to day and most of the time I have to tell them no and it just breaks their heart," said Delaney.

"They should be taught not to steal, not to rob, not to rip off other people. If punishment is necessary then they go through the legal system," the victim said.

Postal inspectors say the suspect in this case is showing signs of remorse.

"He is now promising to pay back all of his victims, he has written a personal note of apology to all of his victims saying give me a chance to get a legitimate job and I will pay you back," said Delaney.

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