The married father-of-two secretly visited high-class prostitutes and wined and dined them at five-star hotels. If the money cannot be recovered then Hopes, already serving seven years behind bars, will be given an extra ten years in jail - and still have to repay it.
Detectives from the Thames Valley Police Economic Crime Unit are now working to get hold of the properties and cars so they can be sold to pay back the toy giant.
Any of the money claimed back will be handed over to Toys R Us who were victims of the scam. Hopes, an Accounts Payable Manager at the company's head office in Maidenhead, Berkshire, had diverted millions to an account of a fictitious toy manufacturer that he controlled. She knew nothing of his crimes Detective Sergeant Nick Bell said: After his arrest he initially claimed he had given the money to a 'special friend' he met at a massage parlour in Reading.
Detectives were told the funds came from the exercise of stock options and annual bonus payments he had received from the company. However, Hopes later admitted 14 counts of theft and four counts of money laundering and was jailed for seven years last December. The fraud happened between June and November Gill and Paul Hopes in Prosecutor Simon Heptonstall told the sentencing hearing: He continued to live a relatively modest existence with his wife but outside of that he was liaising with the prostitutes.
Defending, Nigel Daly described his client as a 'Walter Mitty character', but one with serious funds to provide for a fantasy life. On the one hand you have a year-old man living a normal suburban life with a wife, family and mortgage. Hope worked as an accounts manager for the company Amazingly his wife Gillian Hopes said she had known nothing about husband Paul siphoning off huge amounts of cash from the toy retailer's accounts.
A former board member of the Berkshire and Buckinghamshire Football Association, he initially denied the allegations claiming that 'there was no case to answer'. Toys R Us is Britain's biggest toy retailer and has 73 stores across Britain. Share or comment on this article: Most watched News videos.