A serial fraudster who plundered his dead business partner's estate to live "the high life" in Jersey has been ordered to pay £320,000 or face more prison time, local media reports.
Russell Stephen King, who is also known by his self-given pseudonym ‘Lord Voldemort', has to hand over 'tainted' wealth including watches, jewellery and money held in a Swiss trust.
He was jailed for six years earlier this year after pleading guilty to five counts of fraud and faces three more years of incarceration if he fails to return the money, the Royal Court decided.
King, who appeared in court in a wheelchair, laundered £671,000 from the now defunct Belgravia Financial Services Group over three months, with much of the money hidden in accounts in Switzerland.
During his sentencing in April, the court heard how King had fled Jersey to hide in the state of Bahrain in the Middle East more than a decade ago.
He had taken first-class trips around the world at the expense of the Belgravia Group - a company that was then in financial trouble and was struggling to pay staff wages.
King's confiscation hearing found that the amount he benefited financially from his criminal activity was £939,978.81.
If he does not surrender the £320,000, which represents around a third of the benefit figure, by the end of his current prison sentence, he will have to serve a further three years in custody as a default.