Wednesday, July 16, 2008

Drop in property prices leaves millionaire criminal facing an extra EIGHT years in jail

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.

Posted by housebear @ 03:34 PM (667 views)
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One thought on “Drop in property prices leaves millionaire criminal facing an extra EIGHT years in jail

  • Might be worth a cheeky offer of 500k or so.

    Oh wait, what if this thug gets out of jail and comes looking for “the cheeky b*****d wot nicked his house”.

    It will be interesting to see how low it goes…

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