His mansion in the upmarket resort is a stone's throw from the five-star Almenara Hotel, where film star Matt Damon has stayed and its golf course, where Prince Andrew often plays.
An acquaintance said: 'Nulty likes to make out he's made his money from investments. He'd die if people found out what he did. You always know he's coming by the roar of his car engine. He loves to flash his money.'"