Wednesday, July 16, 2008
Drop in property prices leaves millionaire criminal facing an extra EIGHT years in jail
A millionaire criminal has been hit by the credit crunch over the sale of his luxury mansion - and it could cost him an extra eight years in prison. John Gizzi, 36, was jailed for five years for crimes of violence and fraud which earned him almost £7million. A judge ordered him to pay back £2.6million of his ill-gotten gains or face an extra eight years behind bars. But the property price crash has seen the price tag of his country estate cut from £1,750,00 to just £900,000 - and it still has not sold.