Help Sitemap Home Skip Navigation Contact Us Disability Statement

 
 
Sunday, 7th September 2008

Premium Article !

Your account has been frozen. For your available options click the below button.

Options

Premium Article !

To read this article in full you must have registered and have a Premium Content Subscription with the n/a site.

Subscribe

Registered Article !

To read this article in full you must be registered with the site.

Agents slash price of jailed thug's mansion



Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image

The mansion of a jailed millionaire "thug" has had its price tag cut to under £1 million in a bid to sell it.






Builder John Gizzi, of St Asaph, is serving five-and-a-half years for grievous bodily harm.

A judge ruled he must pay £2.6 million under a confiscation order or face an extra eight years in jail.

Gizzi's Bronwylfa Hall country ho
me was earlier reduced in price from £1.75 million to £1.3 million, but now estate agents have further cut the price tag to £900,000.

Agents Strutt and Parker say they are now looking for "best and final
offers" by the end of the month on the five-bedroom property with a tennis court and leisure complex set in 4.7 acres.

At the time of his trial in January 2006 Gizzi was described as a "thug" and "bully" who assaulted homeless people and preyed on the weak and vulnerable.

Mold Crown Court heard that Gizzi had evaded up to £750,000 in duty.
The criminal also asked for 22 offences of mortgage fraud involving almost £1.5 million to be taken into consideration. In March 2006, a judge found Gizzi had benefited by £6.89 million from his criminal lifestyle.

The realisable assets, including Bronwylfa Hall and about 20 other properties, was estimated at £2.6 million.

He was told he would have to repay the money within six months, or his jail sentence would automatically be increased.

Gizzi has already been given more time to pay the order which is based on his recoverable assets.

If Bronwylfa Hall is sold for less, then his legal team will ask the court for the original order to be reduced.

At the last hearing a total of five of Gizzi's properties had been sold and the money handed over. Three smaller properties and his single largest asset, his own home, were still on the market.

At the time the original order was made under The Proceeds of Crime Act, police said it meant he would be penniless and homeless when he was released. But when he is released and if he makes any money in the next six years police can still go after Gizzi for a further £4 million.



The full article contains 387 words and appears in n/a newspaper.
Page 1 of 1

  • Last Updated: 18 July 2008 2:06 PM
  • Source: n/a
  • Location: Denbighshire
 
 
  

 
 


Sister Newspapers:
Press Complaints Commission

This website and its associated newspaper adheres to the Press Complaints Commission’s Code of Practice. If you have a complaint about editorial content which relates to inaccuracy or intrusion, then contact the Editor by clicking here.

If you remain dissatisfied with the response provided then you can contact the PCC by clicking here.