Sport: White Lie

Mme. Suzy Volterra, 38, a pert, blonde Parisian widow, was not exactly a plunger. When her bay colt Phil Drake went to the post for the 176th running of the English Derby at Epsom Downs last week, it had the bright red and white of the Volterra stables on its back and only $56 of Suzy's money on its nose. With fine French caution, Suzy also bet $14 insurance money on the Aga Khan's Hafiz II.

As Suzy figured it, she was not at Epsom to clean out the bookies. Her husband, the late Leon Volterra, French theater tycoon (Folies-Bergeres and Casino...

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