Chris Beek has previously owned horse races and operated syndicates. At the moment he is arguably most well-known for allegedly owing people money for questionable investments.
The current allegations against Chris Beek are namely down to him owing several thousands of pounds to a number of people. Some are still actively chasing him for this whereas there are others who say that they have been able to get their investments and profits back from him (albeit with some difficulty and persistence).
Much of this controversy seems to stem from Chris Beek’s sale of his stable of horses in 2012. This would appear to include the same horses that investors had invested in through Chris Beek’s syndicate of owners which he called Racing Club. This syndicate had 15 horses on its books and was said to pay 0.2% of winnings back to each person that signed up, however this must have ultimately proven unsuccessful hence the sale.
This would also likely have included Chris Beek’s own horses which based of the figures of 30 horses sold, and 15 in the syndicate, would have included 15 of his own horses. To his credit, based off the research I have carried out, Chris Beek had a lot of love for the animals under his care and seems to have been quite upset about their sale.
Since then Chris Beek has allegedly tried to launch another similar investment opportunity in 3 horses back in 2013 although there doesn’t seem to be much about this. Of the three horses one never had a chance to run a race, one has recently scored a win and the third is being trained by one Alastair Lidderdale. This name doesn’t mean much on its own but he worked closely with Chris Beek on training his personal stable as well as the Racing Club stable. It is worth noting that Alastair Lidderdale says that he has fallen out of contact with Chris Beek and Chris Beek also claims that he hasn’t had any involvement in horse ownership since 2013.
This brings me on to the current operation that Chris Beek is operating. At the moment Chris Beek is operating a betting bot that follows the rather unusual method of allowing him to place bets through your Betfair account. This seems very suspicious to me, namely the fact that it allows him to access your Betfair account. In fact, the first thing that came to mind is the old “tipster” scam of having different people backing different horses in a race with you taking a cut when the winner comes in. Of course I am not saying that this is the set up that Chris Beek uses, merely offering my thoughts.
The fact is that in all of this there are two sides to every story and from my research it seems that Chris Beek was unfortunate in having a spell of bad luck with his syndicate. The fact is that he has been active in the horse racing community for some time, over 15 years he claims. The fact is that Chris Beek freely stated on his website that “become focussed on getting the best out of a lot of horses most trainers wouldn’t give a second chance to”. This is something that investors should arguably have been aware of and considered this risk when putting their money in.
This doesn’t however change the fact that people are claiming that Chris Beek owes money, and as a result of this anybody who is considering entering into any kind of investment with him should give it serious consideration.
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