Ex-police sergeant Michael Stanley admitted five charges including operating a ‘fraudulent Ponzi scheme’ and misusing his clients’ money.

A former Kent police officer defrauded members of a horse racing betting syndicate using a fraudulent Ponzi scheme. Michael Stanley, who headed the Layezy Racing group, operated the illegal operation and misused his clients’ money between 2013 and 2019, a court heard.

https://www.kentlive.news/news/kent-news/ex-police-officer-defrauded-betting-9148901