POLICE guarding the royal family lost £250,000 gambling on currency exchange rates, a court heard today.
When the spread betting venture collapsed the ringleader set up a £3 million property investment scam.
Paul Page, a former Royal Protection officer based at Buckingham Palace, spent years conning colleagues and friends to fund his expensive life style. He ran a fleet of cars and used his wife Laura to launder the profits through her bank accounts.
Page ran the “Currency Club” from the Palace before turning to more profitable sidelines to clear the debts, the court heard.
He created a “veneer of credibility”, portraying himself as a golden property developer and market speculator capable of offering huge interest rate returns.
http://www.thisislondon.co.uk/standard/article-23676903-details/Royal+policeman+lost+fortune+in+currency+betting+club+at+Palace/article.do
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