Kent man accused of horseracing betting fraud

The former head of a horseracing betting syndicate has been charged in connection with the alleged misuse of his clients’ money.

Michael Stanley, of Resolution Close, Walderslade, is accused of defrauding members of the Layezy Racing group between 2013 and 2019.

The 67-year-old was arrested in August 2019 and has now been charged with the following offences:

• One count of dishonestly making false representations to members of the Layezy Racing syndicate contrary to Sections 1 and 2 of the Fraud Act 2006
• One count of knowingly running a business for a fraudulent purpose contrary to Section 9 of the Fraud Act 2006
• Three counts of knowingly running a business for a fraudulent purpose contrary to Section 993 of the Companies Act 2006

Michael Stanley has been bailed to appear at Sevenoaks Magistrates’ Court on Thursday 7 March 2024.

Hear all the latest news from across the UK on the hour, every hour, on Greatest Hits Radio on DAB, smartspeaker, at greatesthitsradio.co.uk, and on the Rayo app.