Humberside Police have confirmed that two arrests were made today, but refused to comment on the names of the two men.
They did confirm though that a 49-year-old man from Bakewell is being held at Priory Road police station in Hull, whilst a 60-year-old Sheffield man was interviewed and bailed at Scunthorpe Police Station.
The inquiry is for the period between November 1998 to February 2001, and has no connection to the club at present.
A total of eight people have now been arrested over the alleged fraud.