A UK conman who stashed some of his ill-gotten gains on the Isle of Man has been ordered to pay ?1.3 million he earned through a share scam.
James Baird, 31, ran his fraud from Barcelona, selling worthless shares to small-scale investors in the UK.
Last November, he was jailed for five and a half years after admitting conspiracy to defraud between September 2009 and June 2010.
He must now hand back ?1,365,000 within six months or serve another five and a half years in prison.
Chelmsford Crown Court heard Baird made ?3.7 million from the fraud but had just less than ?1.4 million left.
The court heard he held accounts in countries around the world, including the Isle of Man, Cyprus, and the Seychelles.
He said he’d spent the cash on gambling, prostitutes and cocaine.
The remaining money will be divided among his victims.
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