Convicted fraudster Barry Hughes is appealing against a £53,000 order forcing him to surrender a cache of luxury items.
The shamed former boxing promoter wants to keep his hands on goods including Rolex watches and a mobile phone worth £5600.
Hughes was slapped with the confiscation order by a sheriff as part of a dirty money probe.
The 39-year-old appeared at the Court of Criminal Appeal in Edinburgh today to contest the move, which he argues was unjust.
His lawyer, Gordon Jackson QC, and prosecutors agreed to make written submissions in the case.
Judge Lord Malcolm set the hearing for August in Glasgow ’s appeal court.
Hughes was ordered to pay up in February as a complex £6 million proceeds of crime action against him was due to get under way.
It was expected to last up to 150 days, but Hughes’ legal team withdrew after a sheriff refused an adjournment.
Hughes, who was left representing himself, elected not to give evidence at Glasgow Sheriff Court.
Prosecutor Blair Speed invited Sheriff Paul Crozier to make a confiscation order for £53,412.21 of realisable assets.
Sheriff Crozier granted the order, allowing six months for the dad-of-five to stump up. The court had heard the “benefit figure” from Hughes’ crimes was £5,394,202.49.
The order for the lesser amount allows prosecutors to try to seize more from Hughes in the future.
Hughes’ realisable assets included a £5600 Vertu Constellation Pure Collection mobile phone, a Rolex Gent’s Daytona Cosmograph Oyster watch valued at £6170, a Rolex Gent’s Daytona Cosmograph Black Dial watch worth £631, a Cartier Gent’s Quartz Santos watch valued at £2200, and a Cartier Gent’s Stainless Steel Automatic Santos 100 watch valued at £3250.
Hughes, who lives in the Glasgow area, had offered to repay £500,000 to bring the matter “to a complete end”.
The businessman was jailed in March 2014 for 43 months over mortgage frauds worth nearly £1.3m. but his sentence was later overturned and he was fined £45,000.
He claimed his wife Jacqueline made £160,000 from her business McDonald Interiors – but divorce papers lodged by her in 2006 stated that she was “financially dependent” on her husband.
Hughes lied about his wife’s income on mortgage applications in 2004 for a property in Bridge of Weir and in 2006 for a second in Kilmacolm, both in Renfrewshire.
He admitted laundering money by receiving £128,885 after selling the first property and spending £30,000 towards a Rolex watch.
Hughes went bankrupt in December 2014 with a tax debt totalling £10m.
Following his mortgage fraud conviction, we revealed how Hughes carried £15,000 in dirty money in a Sugar Puffs cereal box as part of a money-laundering operation.
Hughes turned up in a flashy motor to buy a £148,000 fleet of Skoda cars on behalf of gangsters Russell Stirton and Alexander Anderson.
During a proceeds of crime case against Stirton and the estate of Anderson, who died in 2012, a judge detailed how the Skodas Hughes bought from a Glasgow dealer were sold on to taxi firm Spring Radio Cars – for approximately twice the normal retail price.
Lady Stacey said it had “the air of a money laundering exercise” and she believed evidence from tax officials who said they were told the taxi firm was paying protection money.
Hughes, who has convictions for carrying a knife and for assault, is known for his love of top-range cars, including Rolls Royces, Lamborghinis and Bentleys.