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He was tortured, strangled and hidden in a car inspection pit at his former warehouse home in Kilburn, north London, the Old Bailey heard.
His body was found two weeks later, in March 2000, after the transaction fell through, leaving Papalexis in financial ruin.
Papalexis settled in Florida where he led a millionaire’s lifestyle while his business methods were called into question.
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Local escort girl Rebecca DeFalco then told US marshals that Papalexis, her former lover, confessed to her in 2004.
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She said he replied: “Yes, I strangled someone. There were two people with me. This man was giving me problems. It happened in London.’ He said he was in the way.”
Papalexis, who was born in London to a wealthy Greek shipping businessman, dropped out of university and failed to live up to the achievements of his older brother.

See the full article from “Telegraph.co.uk”