07/02/2006 11:00PM

Fallon held in fraud case

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Kieren Fallon, the six-time champion jockey who won the Irish Derby on Sunday, was one of 28 people arrested and charged on Monday in London with conspiracy to defraud in a wide-ranging investigation into corruption in horse racing, according to British newspapers.

The investigation centers on allegations of fixing the outcomes of races run from Dec. 1, 2002, to Sept. 2, 2004, according to the reports. The individuals were charged with conspiracy to defraud customers of Betfair, the online betting exchange that allows its customers to post odds and take wagers from other customers.

Fallon, 41, was released on bail Monday morning.

Two other British jockeys, Darren Williams, 27, and Fergal Lynch, 28, were also charged.

In addition, a former racing syndicate director, Miles Rodgers, was charged with conspiracy to defraud and money laundering.

Betfair has reportedly cooperated with the investigation and turned over records of suspicious betting patterns to London police.