Criminal or no criminal, the man has gotten into some hot soup here.
How is he going to cough out all that money?
He'll soon go bankrupt to say the least.
He probably can still go to higher instances and argue the case again or can't he? If he can't he'll try to buy time. He'll get sick and hire lawyers to help him find new excuises.
Usually cases like his take a lot longer. He'll never shut up that's for sure. He lost the battle but in his mind the war is still going on.