Alastair Campbell, Tony Blair's former spin doctor, lost £300,000 ($370,000) in his son's failed soccer-betting syndicate. The scheme, run by Rory Campbell, attracted over 50 investors and accumulated approximately £5 million ($6.1 million) in total investments.

The syndicate, which claimed to use mathematical models to gain betting advantages, reportedly collapsed after Asian sportsbooks failed to pay out winnings. Initially, Rory Campbell assured investors they would receive full refunds by July's end, but later revised the expected returns to 50-65%.

Investors report that the scheme was marketed as "massively low risk," with guarantees that no more than 5% of the total betting fund could be lost to a single bookmaker. However, they now face the prospect of recovering only 15% of their investments through ongoing negotiations with the Campbell family.

Several investors have compiled evidence, including contracts, bank statements, and communications, which they plan to present to law enforcement. The evidence suggests a significant discrepancy between promised returns and actual outcomes.

A spokesperson for the Campbells acknowledged the situation but claimed the media reports were incomplete and inaccurate, emphasizing that confidential negotiations were ongoing to resolve the matter.

Alastair Campbell, who served as Blair's director of communications from 1997 to 2003, was a key figure in British politics, often referred to as "the real deputy prime minister" during his tenure as Blair's speechwriter and chief strategist.

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