A BASINGSTOKE man faces trial for 13 multi-million pound fraud-related charges after allegedly scamming around 650 people.

David Gerald Dixon remains in custody after appearing at Southwark Crown Court on October 9 for a preliminary hearing.

Dixon was a suspect in a joint investigation by the Serious Fraud Office and Hampshire Constabu-lary following the collapse of Arboretum Sports (UK) Limited, which went into liquidation in 2007.

The 49-year-old will face trial for various fraud related charges, including fraudulent trading, removing criminal property and dishonestly concealing a material fact – offences which allegedly took place between January 2004 and December 2010.

It is alleged that Dixon’s business, under the guise of an Arbitrage gambling scheme, was in fact a Ponzi Fraud where the operator pays returns to its investors from new capital paid by new investors, rather than from profit earned.

Dixon is due to face trial in March next year.