By Matt Lawton and Mike Keegan and Laura Lambert For The Daily Mail
Published: 22:30 GMT, 4 February 2019 | Updated: 22:54 GMT, 4 February 2019
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Members of a horse racing owners club and associated betting syndicate have been left unsure of whether they will get any of their millions of pounds of savings back, after a promised update failed to materialise.
More than 300 worried members of the Layezy Racing gambling syndicate - which is closing down - have set up a secret social media group to voice their despair since this newspaper published concerns about the scheme and its founder, ex-Kent Police officer Mike Stanley.
As we revealed last month, millions of pounds has been paid into a betting syndicate by hard-working individuals - most of whom live in Kent - and has been used by Mr Stanley, 62, to buy and fund 23 racehorses he now owns, apparently without members' knowledge.
Mike Stanley, founder of Layezy Racing syndicate, whose members are unsure of their money
It is understood that the members felt forced to set
