PROSECUTORS are battling to recover £21million from a businessman who masterminded a Ponzi scheme.
Alistair Greig, 68, is serving a 10-year sentence for carrying out a Ponzi scam which sucked in dozens of individuals to place their funds in “guaranteed” high interest accounts.
Jurors found that Greig pocketed more than £13m of cash in the scam.
However, prosecutors reckon that he made more than £21m from his life of crime and the Crown Office is seeking to recover that amount.
At a proceeds of crime hearing on Monday the crooked businessman’s lawyer advocate Ronnie Renucci QC told judge Fiona Tait: “It is a case which I am hopeful will resolve soon.
“The reason why the case has stalled is due to me being instructed to appear in other cases so I have been unable to obtain instructions from him.
“I will be in a position to consult with him soon and so I would ask that this matter be continued.”
A jury previously heard how Greig used the sums to fund a lavish lifestyle of buying top or the range cars and no expense spared trips to English Premiership matches.
Greig was unanimously found guilty in 2020 of obtaining £13,281,671.25 by fraud through his scheme between August 2001 and October 2014.
He pretended to investors he would place money for in a short term deposit scheme with the Royal Bank of Scotland for fixed periods of time.
