Jailed Stephen Bear faces court order to sell designer clothes and watches after flogging £525k home to pay damages
Disgraced Stephen Bear will be hammered in the pocket in a double blow after selling his home from behind bars – and he could lose the shirt off his back.
He paid £475,000 for the end terrace in Essex but the shamed reality star owes more than £16,000 in mortgage arrears on the place.
And we can reveal that in October he will face the music at a Proceeds of Crime hearing, where the court looks to take back any profits a criminal has made from a crime.
If Stephen doesn’t have the cash to pay the court, then they will take any cash he has received following the completion of his house sale.
The court could even order that he flog designer clothes or jewellery.
He has been banged up for 21 months for his revenge porn crime.
Bear bought the home in 2018 but last year NatWest was granted an interim charging order from the County Court Money Claims Centre, according to official documents seen by The Sun.
The order has been attached to the home’s listing on the Land Registry meaning the bank will be paid out of the proceeds of the sale.
The pad in Loughton, Essex, was put on the market at £500,000 last month and has now been sold.
Bear, 33, was sentenced to jail for uploading a sex tape with Love Island star Georgia Harrison on his OnlyFans page in 2020.
He is locked up in HMP Chelmsford and must pay Georgia a record-breaking £207,900 in damages to Georgia.
The Crown Prosecution Service revealed that a Proceeds of Crime Act hearing has been listed at Chelmsford Crown Court for 23 October.
A Proceeds of Crime Act hearing is an action which is taken when a defendant has profited financially from a crime.
To ensure Bear’s crime does not pay, the Crown collects funds from the defendant.
The hearing will hear just how much Bear made from his vile act and if he has the means to repay the money.
Bear will be forced to sell any other assets – like jewellery or clothes – to pay the debt if he does not have the cash.