Complaints Hit One of Nevada’s Sports Betting Mutual Funds

Las Vegas Review-Journal, Feb 22, 2018

By Todd Prince

Former clients of Bettor Investments, one of the first sports betting mutual funds in Nevada, are accusing its founder of going “radio silent” and not responding to requests to return their money.

Nine clients said Reno-based Matt Stuart has not responded to emails and calls to pay back promissory notes, according to a January email chain the investors shared with the Las Vegas Review-Journal.

Two clients have filed a complaint with the Nevada secretary of state and the attorney general. Three others have said they plan to file complaints. Jennifer Russell, a spokeswoman for the Nevada secretary of state’s office, declined to confirm the receipt of complaints, saying they are confidential. However, the Review-Journal has seen the complaints filed Thursday.

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