The former head of a horse racing betting syndicate has been charged in connection with the alleged misuse of his clients’ money. Michael Stanley, 67, of Resolution Close, Walderslade, is accused of defrauding members of the Layezy Racing group between 2013 and 2019. Stanley, 67, was arrested in August 2019 and has now been charged with dishonestly making false representations to members of the Layezy Racing syndicate and knowingly running a business for a fraudulent purpose. He has been bailed to appear at Sevenoaks Magistrates’ Court on March 7.
