The Betting Syndicate Fraud: How a Former Police Officer Stole £44 Million / Layezy Racing
4/12/202623 min
A former Kent Police sergeant. A grandfather. A man who spent years telling over 6,000 people their money was safe in his hands. Michael Stanley ran the Layezy Racing Syndicate, a horse racing betting scheme he claimed was virtually risk-free. For years, the monthly reports he sent out appeared to prove it was working perfectly. They were complete fabrications…
*** LISTENER CAUTION IS ADVISED ***
This episode was written by Rosanna Fitton. Research by Benjamin Fitton.
Illustrations and production direction by Rosanna Fitton.
Audio editing by Joel Porter at Dot Dot Dot Productions.
Narration, additional audio editing and mixing, and script editing by Benjamin Fitton.
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Transcript preview
First 90 secondsBenjamin Fitton· Host0:00
[suspenseful music] This episode contains distressing themes. This podcast is intended for a mature audience. Listener caution is advised. When people invest their money, it's vital they trust the person handling it. Who better than someone whose career was dedicated to serving the public? Thousands of people in the UK would face financial ruin after becoming involved in a betting syndicate run by a former police officer. There had been considerable profits, but the syndicate fell apart in early two thousand and nineteen, leaving victims with empty bank accounts and no idea what to do. Tens of millions of pounds of their hard-earned savings seemed to disappear into thin air. Welcome to They Walk Among Us, a podcast dedicated to UK true crime. This is the sixtieth in a series of bonus episodes. At the center of it all was an unlikely con man, Michael Stanley, a former Kent Police sergeant and grandfather. A self-styled shrewd analyst of horse racing, he claimed to have an investment system