Eddie "Lord" Davenport, the serial fraudster best known for promoting the notorious Gatecrasher Ball events popular with public school pupils in the 1980s, has been ordered to pay almost pounds 14m in fines and compensation or return to jail for a further 10-year sentence.
The ruling comes almost three years after Davenport, who despite past affectations does not hold a peerage, was sentenced to seven years and eight months in jail for pounds 4.5m of loan frauds, preying on scores of small businesses in desperate need of finance between 2005 and 2009. His sentence was later reduced and he was released from prison two months ago.
At the heart of Davenport's fraudulent business activities had been a 24-room townhouse on
Under Davenport's ownership, the house hosted celebrity parties and a "upmarket" swinger event called Killing Kittens. It was used as the venue for music videos including
He will now be under pressure to sell the property in order to avoid further time in jail.
Most Popular Stories
- Criminal Investigation Opened Into James Foley's Death
- Swiss Suicide Tourism Doubled Since 2009
- Florida's Largest Insurer Says 'Bailout' Attacks Unfair
- Wealth Gap Widened in Past Decade: Census
- James Foley Beheading Sparks Anger, Little Action
- Gap Reports Higher Profits, India Plans
- International Revulsion Grows Over James Foley Death
- Beyonce, Jay-Z Cuba Trip Was Legal After All
- Sears Holdings Loses $573 Million
- Chinese Stock Funds Are a Late-summer Bloomer