Mother loses life savings after handing £462,000 from the sale of her Algarve ...

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A single mother whose life savings disappeared following the collapse of a payment company has been told that police will stop hunting for her missing £462,000 - as the last dregs of her bank account begin to run dry. 

Pauline Creasey, from Dover, was transferring the funds gathered from the sale of her Algarve holiday home back to the UK through a Portuguese currency firm called Premier FX. 

But the firm, a longtime sponsor of Channel 4's A Place In The Sun, folded two weeks later when its boss, 54-year-old Peter Rexstrew, suddenly died last summer. 

After his death, £11million-worth of customers' money vanished and left Pauline's life in tatters.