A Conwy businessman has been ordered to pay back more than Â£800,000 or face three years in prison.
In January 2009 Steven Stanley Dickens and his partner Yasminah Jhurry were convicted of a series of mortgage fraud offences.
A Chester Crown Court confiscation hearing this week found that Dickens had benefited to the sum of Â£1,640,190.86 as a result of the offences.
Judge Stephen Clarke found that Dickens had assets to the sum of Â£837,101.20 and made an order to pay this sum within 12 months or, in default of payment, to serve a period of three years imprisonment.
As part of the same hearing, the court had earlier found that Jhurry had benefited to the sum of Â£211,450.75 and had assets of Â£32,478.86. An order was issued to pay this sum within 6 months or, in default of payment, serve a period of 12 months imprisonment.
The Senior Investigating Officer, Detective Chief Inspector John Hanson said â€œThe conclusion of this hearing marks the end of a complex and protracted fraud investigation that started over five years ago. The order issued by the judge in this case should serve notice to anyone who benefits financially from crime.â€
A Financial Reporting Order was also granted by the court. As a condition of this order Steven Dickens will be required to submit reports regarding his finances to North Wales Police Financial Investigation Unit for the next five years for the purpose of preventing similar fraud offences.