Monday, December 8, 2008
using dropping property prices to avoid fines!!!! incredible
However, he was also warned by the trial judge that he would have to repay £2.6m or face spending more time in prison. John Gizzi was jailed two and a half years ago That figure was imposed when Gizzi's main asset, Bronwylfa Hall, was valued at about £1.8m. Since then, the home has failed to sell despite its price being lowered to £900,000. But later this month Gizzi's lawyers will ask the court to consider reducing the original proceeds of crime bill faced by the criminal - a moved prompted by the collapse in property prices.