The man who was wrongly accused of murdering young mum Rachel Nickell has revealed he is living in a homeless shelter after blowing his £706,000 compensation.
Colin Stagg was handed the payout by the Home Office in 2008 to help “rebuild his life” after being the victim of a Met Police honey-trap operation.
But he admits that getting the cash felt “a bit like winning the lottery” and he splashed out on cars, holidays and gifts for loved ones because he wanted “to live for the moment” after his ordeal.
