Mortgages  

Killer of financial adviser must pay Crown £1

Killer of financial adviser must pay Crown £1

A murderer serving life for killing a financial adviser has been ordered to pay the Crown £1.

Colin Coates, 47, who was jailed for killing 27 year old Lynda Spence in April 2011, is believed to have made £119,967 from crime.

But Coates maintains he has no money left.

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At the High Court in Edinburgh on Wednesday (15 November) Judge Thomas Hughes ordered Coates to pay 100 pence to the Sheriff Clerk’s office in Airdrie, Lanarkshire.

However, the judge allowed prosecutors to seize more money from Coates should they discover he has more assets.

After a lengthy trial in 2013, Coates was jailed for a minimum of 33 years for Ms Spence's murder.

Ms Spence ran a mortgage broking and property rental and sale business in Glasgow.  

According to court documents, she was in debt at the time of her death and had become embroiled in fraudulent activity for which she was being investigated by the police.

emma.hughes@ft.com