Layezy Racing.

@rozelkid

in the uk an unregulated collective investment scheme can only be legally operated and marketed by a regulated organisation.

I think what he might have been doing is instead of the traditional model, where connections and trainers bet on their own stock for their own individual reward ( like what most happens today ) , is that he tried to take that model to another level of betting on behalf of the racing club's members to almost guarantee returns rozelkid



apologies, it's the way that you worded your post that implied that you knew what he was doing to "almost guarantee profits" but you never explained what it was .

btw this is a grey area eg I really don't see Tony Bloom risking a stretch in Lewes prison

They have a huge sum of money on the line because they are in charge of the biggest gambling syndicate in Britain, believed to make up to £100 million, or $145 million, in a good year.

https://www.businessinsider.com/inside-story-star-lizard-tony-bloom-2016-2?r=US&IR=T

.

As a result of recent events and media attention, the Layezy Owners Club and Betting Syndicate are to be brought to a close. I am in the process of appointing financial experts to oversee the return of investments. A further update will be provided with contact details on Monday.
Best wishes
Mike

Does this mean the Golden Goose has stopped laying?

goose says am I going to the next hit sale?

Be interesting to see "what" members are returned and if the profits he claimed are actually true and accurate.

Dave1357 - Tony informs all his clients what is being bet and gives full statements to his clients by all accounts, therefore everyone knows what is in the pot, whats bet, what is made.

Layezy effectively said give us £20K, and every year we will tell you how much your money is worth, huge difference.

I was told yesterday, the BHA has suspended his ownership and put a block on runners until they could receive proof of who owns the horses, and how they are financed. I would imagine his betting accounts have also been frozen and therefore he is now bringing in financial experts to work out how to pay people back, as I'm sure he will give some story to investors, about how accounts are frozen and there will be a delay in returning funds.

Tony informs all his clients what is being bet and gives full statements to his clients by all accounts, therefore everyone knows what is in the pot, whats bet, what is made.

That might well be the case, but that doesn't stop the area being legally grey.  I imagine that pretty quickly reimbursing funds (or offering to) after a winning bet(s) might just be enough.

I wonder who Bloom uses for syndicate banking.  Can't be anyone big as the activity would be a compliance nightmare.

I do not see how Tony Bloom is involved in this or have I missed something?

no he isn't and yes you've missed something

Things like this stay quiet until something goes tits up, when people stop getting paid, is when there is problems.

Can't understand why he needs to appoint finance experts;surely all he needs to do is metaphorically write out cheques to repay his depositors/investors. Be certain if he's appointed reputable accountants they'll be charging huge fees especially if the accounts are in a mess.

The mail all over this again today.

when asked where the rest of the money is, i'm waiting for the Venezuelans to say "we know nothing senor, we are from caracas"

Layezy sounds like a hammock you'd get off one of those shopping channels.

I've not read the whole thread by any means and there are some in depth and long posts. I would consider myself to be of below average intelligence on the whole but I would NEVER get involved with any tipster scheme, any get rich quick scheme, any sure fire winner scheme etc and anyone who does deserves everything they get.

You can put up long winded posts all you like, the fact is if someone has a sure fire money making scheme the last thing they would do if they were genuine is share it with anyone else.

I realise 99% of people reading this will have the same view as me but to the other 1% if you get anything like this offered to you in future put it where it belongs straight away.

Started in 1920 with Charles Ponzi and still going strong doubt this will make the Ponzi top ten

I'd love to see one of these syndicates run one called Charles Ponzi.

South Sea Bubble ?

Owned/bred by a lady:

South Sea Bubble
(IRE)
    (21Feb92 b m)
Sire
    Bustino (GB) (11.3f)
Dam
    Night At Sea (GB)
Dam's Sire
    Night Shift (USA) (8f)
Breeder
    Lady Juliet De Chair
Trainer
    Luca Cumani
Racing Owner
    Lady Juliet De Chair

Tar.

Agree with nonaynever 100%.

JRM's mother in law

Where?

plc  limted  all  above  board  WE   have  horses  in  training  all  over  place ?  Appears to be owner of said firm Posting

Thread should be removed  SPAM SHYTE

Where's Rozelkid gone to ?

Im here salmon - just watching the public hanging of someone before any charges have been brought.

You have our full support.

    lkjhgfdsazxcvbnm • January 22, 2019 11:15 AM GMT
plc  limted  all  above  board  we  have  horses  in  training  all  over  place


   Original poster not been seen for 10 days !!!   

Yes I'd forgotten about him.
I don't THINK he was the OP. Ribero made the opening post I THINK,which must have been removed. I may be being naive but I didn't get the impression he was spamming. He'd obviously read the critical piece in The Mail. The chap GLASGOW is quotong does seem to be....er...more closely involved with this lot and as he says hasn't been seen for a while. Not sure what RozelKid's role was,if any.

lol @ forum moderators.  ribero's initial post was something like "any members on here".  That has been bizarrely removed.

Apparently filed for bankruptcy. No shocks there I think .

Feb 11, 2019 -- 2:33PM, keeping silent wrote:

Apparently filed for bankruptcy. No shocks there I think .

Source ?

https://www.dailymail.co.uk/sport/racing/article-6679945/Thousands-fear-mone...

.. Not sure if thats what keeping silent meant, doesnt look good though for " investors "

If you are having trouble viewing this email, view as a webpage.
Dear Investor,

Following an analysis of the Syndicate’s financial position, Michael Stanley, the operator of the Syndicate, has taken the decision to file for Bankruptcy. The Bankruptcy Order was made earlier today and we are liaising with the Official Receiver regarding the next steps. This will include the appointment of a Trustee in Bankruptcy to take control of the Syndicate and Mr. Stanley’s assets. We have advised the Insolvency Service of the urgency of the situation so the process of agreeing investor claims and ultimately distributing funds to investors can start as soon as possible. We are unable to discuss potential returns to investors yet.

That’s what my “ source “ got in an email a couple of hours ago.

  Some members claim to have as much as £500,000 in the scheme. The total amount invested is likely to amount to tens of millions.


  ...   

"so the process of agreeing investor claims and ultimately distributing funds to investors"  - someone wanting to be prosecuted under the Financial Services Act couldn't have used better language.

OP gone very quiet ????

lambs  slaughter   put  £5000  in  4  years  ago  up   to   £35000  took  £7000  out  2 weeks ago   please  slaughter  me  more  please


maybe he could update, or was he just lucky to get his £7K out

       lkjhgfdsazxcvbnm • January 22, 2019 11:15 AM GMT
plc  limted  all  above  board  we  have  horses  in  training  all  over  place


  ...   heres another rib tickler from the op. !!

The owners club had two very promising 2yolds - be interesting to see where they end up  - especially Molaviente...potentially very smart.

what idiot would stick £ 500,000 in a betting syndicate ? lmao

was his post purely to scam money, knowing that they were in financial difficulty and trying to bale out or make a few more quick bucks.

RK it would surprise you how easily people part with their money, hence this wont be a one off

The OP is a shrewdie - he apparently is 2k up....

well it should all come out if he is alleged to have committed fraud - i still dont understand what has been going on tbh - what happened to the investigation that the Police were involved with ?

   was his post purely to scam money, knowing that they were in financial difficulty and trying to bale out or make a few more quick bucks.


  .. Thats how it would read to me The Dealer, either that or VERY unfortunate timing.!

It wasn't the OP.  The OP was "any members on here" from someone who read the mail article.  For some completely bizarre reason the thickett moderators deleted it.

and now it looks like lkjhgfdsazxcvbnm is the OP

... i realise Ribero posted first dave, i also thought it strange to be taken down, maybe the naming was against

   rules. ??

Not a surprise, and trying the Graham Bradbury route out in going bankrupt, hoping FCA will take action before police so he wont go to prison. Reality is there is no money, and the assets are his house and horses, which wont save his arse. 100% ponzi.

From the Daily Mail;

Members of a betting syndicate who appear to have lost tens of millions in savings believe they are the victims of a 'Ponzi' scheme set up by a former Kent police officer.

Mike Stanley, who closed his Layezy Racing betting syndicate and racing owners club this month, filed for bankruptcy on Monday in the latest devastating blow to investors.

Duff and Phelps, the insolvency experts appointed by the 62-year-old, said in a statement on Monday night: 'Following an analysis of the syndicate's financial position, Michael Stanley, the operator of the syndicate, has taken the decision to file for bankruptcy.

'The Bankruptcy Order was made earlier today and we are liaising with the Official Receiver regarding the next steps. We have advised the Insolvency Service of the urgency of the situation, so the process of agreeing investor claims and ultimately distributing funds to investors can start as soon as possible. We are unable to discuss potential returns to investors yet.'

Sportsmail revealed last month that millions being paid into the syndicate was being spent on buying horses by Stanley rather than to place bets.

The 5,000 members of the syndicate have been told to contact Duff and Phelps with details of how much they invested.

In some cases, people put in more than £500,000 in the belief Stanley's system for placing bets was doubling and sometimes even trebling their investments.

Now members fear most of their money has been lost in what, they say, Duff and Phelps have told them was a 'Ponzi' scheme — one which pays profits to earlier investors with funds obtained from more recent investors.

One Layezy member, who is believed to be among those who have invested vast sums in the syndicate, said Duff and Phelps had told him that, while calculations are still being made, the shortfall could be as much as £70million

maybe he meant he'd invested 5k and got 7 quid out?

k sera elise

No more lambs left to slaughter, it seems.

Now it seems this Stanley character has gone to the old bill after receiving  some hurty words.

hurty words?

https://www.youtube.com/watch?v=TRTkCHE1sS4

Nice to see greed and stupidity being justly rewarded

There hasn't been any investigation yet with regards to what was going on   - when will this be happening from an impartial point of view and not from anonymous sources ?

Rozel why not put your cards on the table as regards your Particular intrest in the case, truth usually outs in the end.

So Mr Stanley files for bankruptcy,which means that he,or one of his companies more likely,have debts they know or suspect they can't pay.
Have they still got horses in training all over the place? Maybe the poster with the odd username can tell us.

Date / Horse / Race

    Friday, 15 February 2019 - 4:55 Nickelsonthedime
    (Four day) at Fakenham Fakenham Maiden Open National Hunt Flat Race

    Monday, 18 February 2019 - 1:45 Rookie Trainer
    (Four day) at Lingfield (AW) Sky Sports Racing Sky 415 Standard Open National Hunt Flat Race

salmon bankruptcy is an individual process - insolvency/liquidation is a corporate process.  So he has told a court that he owes money that he can't pay back, presumably trying to establish the story of failed businessman and not fraudster.

Listen Glasgow - ive said it once and i'll say it again .

My only interest is that i was following the 2yolds very closely that the club owned as i was following the John Best yard- thats it !

I am also interested in the "business models" of horseracing yards within the industry and owners in the general sense........ and how its potentially needing a change for the industry to grow.

I'm  in my 3rd year of my Law Degree and such matters also interest me from a legal perspective in this unregulated space - Im also interested with how a newspaper can publicly claim someone is guilty of running a Ponzi Scheme by rumour  "what he or she said" from anonymous parties ....without there being normal civil/criminal procedures being taken by complainants or the authorities.

I dont make judgements based on what an online newspaper says or reports from anonymous parties within an unregulated space - and nor should anyone else imo. As i have stated he could have been committing fraud or doing wrong - but i wont make that judgement based on a newspaper's story.

All i know is that i am being expected to believe,  by the Daily Mail and them only , that a large group of anonymous parties invested over £70m to gamble on horses ....and that there could be a shortfall - totally bizarre imo - £70million is a whole lot of money for one man to accumulate in a betting syndicate - even Tom Segal or the worlds best tipster would struggle to achieve that.


All im hearing are the words " fear, believe, Ponzi , he said , she said - its getting annoying !

Where is the evidence of the alleged Ponzi Scheme  ? where are the civil or criminal prosecutions ? 

If you are a member of these claimed 5,000 depositors into a betting syndicate then please come on here or go public with evidence by initiating proceedings that are open to you. If he has taken your money on the promise its for betting and then has used it for another purpose to his own personal benefit,  then its fraud , a criminal offence  - prosecute him ! Where are the police ?

It would be the FCA who prosecuted a fraudulent/unauthorised investment scheme - haven't you got to that bit in your legal tution?

I was alerted when rozel announced he followed the John Best yard.

NO probs Rozel, its just a few of your posts gave me the impression you may have been an " investor ".

  just rejoice you werent. !!

Cyring shame if it turns out folk have actually lost the lot despite others saying greedy/ gullible etc.

Im in jersey - its not the same as the UK .

The FCA only prosecute regulated practices which this isnt  -  but those who feel they have been subject to fraud by this chap can instigate a private prosecutions.

Dave , you are wrong on this - its a grey area that they dont have jurisdiction with as it comes down to the interpretation of the word "investment" which wouldn't be applicable in these matters.

The Daily mail keeps calling these claimed 5,000 people as investors - but for the purposes of the law they are not. When i bet £50 on a horse its not deemed an investment , i pay no taxes on the returns.

Are you an investor Dave , or were you gambling ?

The FCA only prosecute regulated practices

rozelKid stop embarrassing yourself.

But he's in the 3rd year of a law degree, dave.

one example

https://www.ftadviser.com/regulation/2019/02/05/fraudster-guilty-of-running-illegal-investment-scheme/

When i get back I shall to explain why your reference is misguided in fact and law ...when it comes to this betting syndicate and also the lawyers who have already stated on the record that it is outside of the FCA'S remit.

I don't dispute that it is a "grey area", I said as much in a post above, I simply pointed out your error.  Presumably you/they will claim that betting on horses isn't a regulated activity but deposit taking is.  Whether he has been deposit taking is the point at issue.

As far as i understand it you have to be licensed to take deposits from the public and i would humbly suggest he wasn't so has committed an offence

https://www.dailymail.co.uk/sport/racing/article-6701391/amp/Members-Layezy-...

It isn't a simple as that posy.  Is the bloke in the office who runs the lottery syndicate a deposit taker?  As I said above how does Tony Bloom run an apparently massive syndicate?

According to members who have posted information on social media, the administrators at Duff and Phelps have advised them that Stanley has not been placing bets for a number of years and fear he was in fact operating a ‘Ponzi scheme’.

“ A number of years “

Feb 13, 2019 -- 12:02PM, RozelKid wrote:

Are you an investor Dave , or were you gambling ?

Missed this.  I don't actually gaf about the "investors".  I guarantee that virtually all of them were told to be careful, but ignored that advice.  I've seen that happen time and time again throughout my life. 

on the wider front I actually question the benefits of micro-managed financial regulation as it doesn't appear to have had any effect on reducing fraud and has cost a vast sum.

By David Baxter
UPDATED 7:53PM, FEB 14 2019

A total of 23 horses owned by Layezy Racing Owners Club, including a forecast favourite at Fakenham on Friday, have been barred from running until further notice after the club's founder, Mike Stanley, filed for bankruptcy on Monday.

Stanley's bankruptcy order has prompted fears among those who signed up to the club and also the Layezy Racing betting syndicate that they could stand to lose significant amounts of money.

The club was in operation from last April, and Nickelsonthedime was due to compete in the 2m bumper at the Norfolk track. Formerly with Keith Dalgleish, the five-year-old was set to have his first run for Kayley Woollacott and had been installed the top-priced 7-4 favourite.

Since coming into existence, the club has had a handful of runners, with Fearless the most recent when finishing fifth in a Listed bumper at Cheltenham on New Year's Day on debut for Rebecca Menzies.

As well as Menzies, the club had runners with other trainers including John Best, Amy Murphy and Ivan Furtado.

A BHA spokesman said on Thursday: "The BHA was alerted this morning to the fact that Mike Stanley, owner of 23 horses through the Layezy Racing Owners Club, declared himself insolvent on Monday, February 11. Under the Rules of Racing, insolvent individuals or entities are not permitted to own and run racehorses. As such, those horses will not be allowed to run until further notice.

"The BHA is contacting the trainers responsible for the relevant horses to ensure they are sufficiently informed about the current situation and what support is available to them, and will work with the trainers to ensure the horses continue to receive the first-class care they are accustomed to in their yards. This is a complex situation and the BHA is working with the relevant authorities to assist in any way it can.

"Anyone financially involved or dependent upon the Layezy Racing Owners Club Syndicate will receive updates from the Trustees in Bankruptcy via the Layezyinvestors@duffandphelps.com email address. Anyone who feels they may be a victim of fraud can contact Action Fraud, the UK’s national reporting centre for fraud and cyber-crime."

London-based insolvency experts Duff & Phelps has been appointed as trustee in the bankruptcy and is starting the process of realising assets and continuing to obtain investor claims.

The betting syndicate Stanley founded was based on the idea he had found a way to make long-term gains from backing horses to lose on the betting exchanges.

One member who invested, Steve, claimed: "It has destroyed a lot of people, some people have put pension funds in and things like that."

https://beta.companieshouse.gov.uk/officers/mYAmq5ciG8mP6Uw8mcTjw6C2Sc4/appo...

The betting syndicate Stanley founded was based on the idea he had found a way to make long-term gains from backing horses to lose on the betting exchanges.

Priceless

Where has all the money gone, Mr Stanley? Whilst I have little sympathy for those 'investors' who have lost large sums in this scheme, there will always be those who are so mesmerised by the prospect of making money that they fail to exercise due diligence. Some would call it greed..........................

Has Steve claridge and the the other pro footballer advertising its onset got anything to say . ???

Wish this Mike Stanley character really HAD been punting the money on here, and given all the rest of us a chance to dip our bread.

Instead he seems to have p1ssed it away on racehorses and personalized number plates. What a waste.

Feb 14, 2019 -- 3:55PM, GLASGOWCALLING wrote:

Has Steve claridge and the the other pro footballer advertising its onset got anything to say . ???

Claridge dear me cue the head in hands man

Did you not see the online advertising Denzil. ??

Never even looked only know what I've read on here

... ok mate, its not on there now, but it was all over Youtube, etc, very slick adverts/ promos, SC was one

    of the promoters and another who i forget now.

Would've had to have been convincing given the sums involved.

https://www.bbc.co.uk/news/uk-england-38184990

Was it these lot lot you're thinking of GLAS?

.. yes it looked Slick alright Denzil,  i am sure after i saw the advert on Youtube claridge had a disclaimer

at the end of it which made me curious.

yes, sorry mate it was winning express, my mistake getting the two confused.

i think it's still on youtube if you search, but pre layezy mr stanley fronted a software system you could buy, he placed selections and your bot followed placing bets along side his, his later version was you give him the money and his team of experts would handle everything


he clearly didn't write any software, other people in the background are doing that

i did wonder if somewhere in this the money laundering and tax evasion issues might pop up for some of his investors, maybe a few wouldn't be rushing to the police if that were the case, might take a while for the authroities to determine how this goes forward

lkjhgfdsazxcvbnm 22 Jan 19 11:08 Joined: 05 Jul 04 | Topic/replies: 61 | Blogger: lkjhgfdsazxcvbnm's blog
lambs  slaughter   put  £5000  in  4  years  ago  up   to   £35000  took  £7000  out  2 weeks ago   please  slaughter  me  more  please


YOUR WISH HAS BEEN GRANTED,



DOUBT HE GOT THE £28K OUT AS WELL

FROM THE FICTIONAL £35K.

By James Stevens
UPDATED 4:23PM, FEB 15 2019

John Best said on Friday his yard had suffered a "huge blow" after the Layezy Racing Owners Club, with nine horses at his yard, were barred from having runners.

A total of 23 horses spread across several yards are affected by the BHA-imposed ban after the club's founder, Mike Stanley, filed for bankruptcy this week.

Kent-based trainer Best said he was shocked by the development after earlier reassurances that there were no issues.

He said: "I'm desperately disappointed for everyone involved. All the trainers are in the situation and none more so than us who had the most horses with them. It is a huge blow to us in every way, especially financially.

"I don't know what will happen next and how it will work. No-one seems to have an understanding of what will happen next, it is just up in the air at the moment."

Stanley's bankruptcy order has prompted fears among those who signed up to the club and also the Layezy Racing betting syndicate that they could stand to lose significant amounts of money.

Best said: "We were totally unaware of what was happening until reading about it. Even then I spoke to Mike Stanley who said there was 'nothing to worry about' and 'everything would be fine', but it certainly doesn't look that way now.

"I hadn't known him that long. I met him in the early part of 2018 and he came across as a really nice, straightforward man. This situation wasn't something I ever thought would happen. The members were lovely and supportive too, so I am sad for them."

The club was in operation from last April and has had a handful of runners, with Fearless the most recent when finishing fifth in a Listed bumper at Cheltenham on New Year's Day on debut for Rebecca Menzies.

Nickelsonthedime, trained by Kayley Woollacott, had been installed the top-priced 7-4 favourite for a bumper at Fakenham on Friday before the BHA barred it from running. Amy Murphy and Ivan Furtado are other trainers to have horses with the owners.

Under the rules of racing, insolvent individuals or entities are not permitted to own and run racehorses.