Perth bet hedger Chris Brown being pursued by creditors for $126million

Inside the glamorous lifestyle of a betting 'whiz kid' besieged by furious investors chasing more than $126million he told them would net huge returns - but they claim never materialised Creditors claim they're owed owed $126million by bet hedger Chris Brown  Federal Court appointed team from KPMG as receivers of his assets; company Mr Brown's business activities were funded by backers including schoolmates  

By Bryant Hevesi For Daily Mail Australia

Published: 03:06 BST, 4 May 2021 | Updated: 03:08 BST, 4 May 2021

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A gambling whiz kid is flaunting his charmed life of boat parties, $200 wine bottles, and long days in the green while his investors are millions of dollars out of pocket.

Chris Brown, 27, is besieged by multiple lawsuits and bankruptcy actions by angry investors who claim to have not seen returns from his bet-hedging operation.

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The rich kid from the ritzy Perth suburb of Dalkeith claimed to pull big wins using his gambling model that cashes in on odds for horses shortening as races approach.

However, his financial backers claim when they ask where their slice of the profits is, they are told it is held up by banks, agencies, and authorities. 

Perth share trader Chris Brown (pictured right) is being pursued by creditors who are owed $126million

Perth share trader Chris Brown (pictured right) is being pursued by creditors who are owed $126million

Mr Brown's Instagram account was littered with pictures of him spending time out on the water on yachts and on party boats

Mr Brown's Instagram account was littered with pictures of him spending time out on the water on yachts and on party boats 

Meanwhile, his Instagram profile shows him partying on boats, playing on exclusive golf courses, and sitting inside swanky wine bars. 

Other photos show him rubbing shoulders with millionaires and even AFL greats Chris Judd and Simon Black.

The two footballers claim not to remember the photo being snapped and Black guessed it was taken at a grand final parties with the pair thinking he was

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