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tycoon who boasted about his array of luxury cars and being richer than a Premier League ­football star has had all his assets seized,

 tycoon who boasted about his array of luxury cars and being richer than a Premier League ­football star has had all his assets seized, it emerged yesterday.Cope also lost a villa in Marbella, four other houses, several business premises and designer jewellery including two Rolex watches worth £30000 each
Paul Cope lost his £305,000 Rolls-Royce convertible, £170,000 red Ferrari F430, £120,000 yellow ­Lamborghini Gallardo Spyder, Range Rover and several Mercedes – funded by his life of crime.
The 46-year-old was jailed for five years and four months in July last year for a £27million fraud. The finance boss had been running leasing and mortgage scams.
His seven-bedroom Barn Bank Manor mansion in Stafford – with two swimming pools – was also seized in a confiscation order.
His villa in Marbella, Spain, four other homes, several business premises and jewellery including two Rolex watches worth £30,000 each were also confiscated.
Cope was also ordered to pay back £406,000 from the profits of his crimes at a hearing at Birmingham Crown Court on ­Friday.
A former business associate of Cope’s said: “He thought he was some kind of corporate untouchable but what he built was a huge house of straw and now it’s all come back to bite him on the backside.” Cope conned lenders into paying for non-existent ­hospital equipment. The money was then used for ­loans to customers at up to 25 per cent interest.
At the confiscation hearing, Cope was given six months to pay up or face an additional three years and nine months in prison.
West Midlands Crown Prosecution Service said: “The Proceeds of Crime Act is sending out a clear message to criminals that crime will not pay.”

 

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