Guppy at risk in inquiry over pounds 2m
Guppy faces a maximum of a further seven years inside if he continues to keep silent about the location of assets estimated to be worth up to pounds 2m.
John Alexander, a senior insolvency practitioner with accountants Pannell Kerr Forster, was appointed Guppy's trustee in bankruptcy at the end of July.
He warned yesterday: 'Guppy might not have realised when he applied for bankruptcy that if he withholds information from me about his assets I can go to court. Anyone found guilty of withholding assets from creditors in a bankruptcy can get up to seven years in prison.'
Guppy, who was best man at Earl Spencer's wedding, was convicted in February 1993 of an insurance sting three years earlier, involving a staged jewellery robbery in New York. Together with an accomplice, Benedict Marsh, Guppy claimed pounds 1.8m from Lloyd's of London to cover jewels 'stolen' by another accomplice.
In April this year Guppy applied to the court for a reduction in his sentence, but although his fines were reduced, he failed to get his sentence cut, largely because he had not returned the money defrauded from Lloyd's. He has paid back barely pounds 20,000 to date, according to Mr Alexander.
In June, Guppy applied to be made bankrupt, a move that would release him from his debts after a three-year period. Lloyd's then nominated Mr Alexander to pursue his assets.
Mr Alexander said: 'There might be pounds 1m-pounds 2m around somewhere.'
Jo from Northern Ireland was less than impressed by Russell Brand's attempt to stage a publicity stunt
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
Shock poll shows voters believe Ukip is to the left of the Tories
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
New era of cheap oil 'will destroy green revolution'
Ukip founder Alan Sked and Nigel Farage 'begged Enoch Powell to stand as a candidate'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
£30000 - £40000 per annum: Recruitment Genius: This company specialises in the...
£25000 per annum: Ashdown Group: An established media firm based in Surrey is ...
£40000 - £470000 per annum + bonus: Ashdown Group: Java Developer / J2EE Devel...
£70000 per annum: Ashdown Group: Head of Finance - Financial Controller - Fina...