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National

Miklos Bolza

'I'm a criminal': $1.2m gambling fraudster's remorse

Michael Pryde will have to serve 202 hours of community service and repay $100,000 to his victims. (Bianca De Marchi/AAP PHOTOS)

Despite his "foolproof" sports-betting scheme haemorrhaging money, Michael Pryde recklessly invited friends, family and more to gamble away thousands of dollars of their funds.

In the end, he lost over $1 million of their money in the failed scheme as he tried to beat the odds and recoup his losses.

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