Sim­ply The Bets boss Michael Pryde was grilled in bank­rupt­cy hear­ing over pri­ori­tised’ pay­ments. The bank­rupt fraud­ster behind one of Sydney’s most high-pro­file bet­ting scams has been accused of using mis­ap­pro­pri­at­ed funds to repay hun­dreds of thou­sands of dol­lars owed to fam­i­ly and friends instead of jilt­ed clients, a court has heard.

Court doc­u­ments reveal he repaid the pair a com­bined $600,000 dur­ing the same time peri­od — mon­ey Michael Hayter, lawyer for the bank­rupt­cy trustee, sug­gest­ed should have been used to pay Sim­ply The Bets cred­i­tors instead.

Mean­while, Pryde revealed he was sub­ject to threats and harass­ment when he was ini­tial­ly arrest­ed and charged in March 2023. When asked to detail the threats and who made them, Pryde said he couldn’t remem­ber. It mustn’t have been that bad if you can’t remem­ber them,” Mr Hayter said.

To read the full arti­cle click here 

If you would like to repub­lish this arti­cle, it is gen­er­al­ly approved, but pri­or to doing so please con­tact the Mar­ket­ing team at marketing@​swaab.​com.​au. This arti­cle is not legal advice and the views and com­ments are of a gen­er­al nature only. This arti­cle is not to be relied upon in sub­sti­tu­tion for detailed legal advice.

Publications

Res­i­den­tial Ten­an­cies Act 2010 (NSW) reforms and oblig­a­tions of land­lords — effec­tive from 19 May 2025

Intro­duc­tionThe Res­i­den­tial Ten­an­cies Act 2010 (NSW) (the Act) and the Res­i­den­tial Ten­an­cies Reg­u­la­tion 2019 (NSW) (the Reg­u­la­tions) have under­gone some sig­nif­i­cant…

Fail­ing to Reg­is­ter a PPSR Secu­ri­ty Inter­est on Time – Legal Risks and Options

Intro­duc­tionTime­ly reg­is­tra­tion of secu­ri­ty inter­ests under the Per­son­al Prop­er­ty Secu­ri­ties Act 2009 (Cth) (PPSA) is essen­tial for secured cred­i­tors to…

Con­struc­tion con­tracts are more than just a doc­u­ment — remove con­trac­tu­al claus­es at your peril

Your con­struc­tion con­tract will map out the path­way to your build­ing project com­plet­ing on time and with­in bud­get and detail­ing…

In the News

Press Release | New Part­ner Appoint­ment — Mark Glynn

With over two decades in the indus­try, Mark is a recog­nised front-end con­struc­tion lawyer spe­cial­ist with­in the build­ing and con­struc­tion indus­try. Mark…

Press Release | New Asso­ciate Appoint­ment — Hugo Mahony

“As we con­tin­ue to expand in line with our strate­gic vision, Hugo’s deep knowl­edge and expe­ri­ence in Com­mer­cial, Cor­po­rate, IP…

Michael Byrnes is quot­ed in the arti­cle, Police and Safe­Work are inves­ti­gat­ing MAFS, but the show keeps win­ning the rat­ings race”, pub­lished on ABC News on 6 April 2025

Michael Byrnes is quot­ed in the arti­cle, ​“Police and Safe­Work are inves­ti­gat­ing MAFS, but the show keeps win­ning the rat­ings…

Sign up for our Newsletter

*Mandatory information