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[one] Despite the fact that there are already many ring-ins and various illegal ripoffs in Australian racing, the Fine Cotton scandal is infamous in Australia because of the involvement of many of racing's elite.
Bookmakers in Sydney experienced observed The weird modify in the percentages and voiced their problems. The word ring-in was mentioned, but nothing was raised Along with the stewards. By the point the horses experienced reached the barrier, the whisper experienced turn into one thing extra.
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It is actually believed the conspirators might have netted greater than A£1.5 million In the event the ring-in experienced proved successful. This scale of betting plunge was very uncommon, so racing stewards had been previously suspicious prior to the race.
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The fraud involved a syndicate claimed for being headed by previous bloodstock agent John Gillespie, which procured a horse that looked Practically just like Fine Cotton and performed improved. Sadly for that syndicate, this horse (Dashing Soltaire) was wounded and unable to race when the ring-in was on account of occur.
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They asked for the registration papers for Fine Cotton making sure that they might confirm the id in the race winner; however, Haitana absconded through the keep track of devoid of complying with this request along with the fraud started to fall apart. Bold Persona—alias Fine Cotton—was disqualified, and an official inquiry was opened. Along with the disqualification, runner-up Harbour Gold was awarded the race, and the various punters who had backed Fine Cotton did not receive any funds.
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