Millionaire builder John Damon Gizzi, 36, from St Asaph, called a “thug” by police, is serving a five-and-a-half-year jail term for grievous bodily harm. He will have to spend more time in prison if he fails to raise a total of £2.6m to pay off money he owes from his criminal activity.A judge at Mold Crown Court yesterday appointed a receiver to sell his luxury home.At his trial in January 2006, Gizzi was also described as a “bully” who assaulted homeless people and preyed on the weak and vulnerable.He was said by police to have “ruled” Rhyl through threats and intimidation.In March 2007, Judge Rogers found that Gizzi’s criminal lifestyle had netted him benefits totalling £6.89m.The judge ruled that if Gizzi did not pay back the money, he would have to serve an additional eight years in jail.
He appeared in the dock at the court amid high security for yesterday’s hearing.
Gizzi’s solicitor Huw Edwards told the court there was no objection to a receiver’s order being made.
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Assignment Higher Power: 97% of the money in the world doesn't exist: We
all know that 97% of the money in the world doesn't exist and that's thanks
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