Two homes and a speedboat have been seized in a major PSNI offensive against alleged loyalist paramilitary racketeering.
More than 20 bank accounts and cash from the sale of a villa in Florida were also frozen after the Assets Recovery Agency targeted David Hill.
Hill, of Woodland Place, Newtownabbey, Co Antrim, has alleged links with the Ulster Defence Association. He was convicted of blackmail in October 2003 and sentenced to 42 months in jail.
After months probing his finances, the Agency told Belfast High Court his income came from extortion and fraud.
Assistant Director Alan McQuillan was granted an Interim Receiving Order last week, with officials taking control of assets valued at £200,000.
The assets held by the suspect, and his wife Pauline Hill, include their terraced house at Woodland Place and another in nearby Doonbeg Drive, Newtownabbey. Proceeds from the property sale in Florida, a Bayliner Capri speedboat and more than 20 accounts were also frozen.
Although the agency has argued that Hill is involved in crime, there is no suggestion that his wife is guilty of any wrongdoing. She simply holds some of the assets under investigation, it was claimed.
The latest move comes a week after assets which include nearly 50 properties were frozen as part of a major investigation into the affairs of an alleged Northern Ireland based drugs dealer.
Former police officer Colin Armstrong, who lives with his partner at a luxury home at Glenavy, Co Antrim also owns apartments in the south of France and Dublin. His properties, worth an estimated £4.8 million, are also under the control of an interim receiver appointed by the High Court in Belfast. It followed an 18-month long undercover investigation, the biggest in Northern Ireland since the agency was set up in February 2003.