Harby Panesar's company went bust after he lavished a fortune on daughter, Anysha, who is now 19, so she could live her teenage dreams.
He spent ?20,000 on a Super Sweet 16 birthday party where Tulisa performed, with a personal video from Hollywood star Nicole Kidman as part of a Moulin Rouge-themed party.
He bought his daughter a Gucci handbag for her birthday, along with a ?1,500 personalised mobile phone and a pair of ?400 sunglasses.
The 45-year-old then bankrolled her dream to be a top teenage model and beauty queen, and she went on to be crowned America's Perfect Teen, becoming the first international cover girl on SuperModels magazine.
But he got into so much debt, his finance business collapsed. He was warned by the courts not to set up another business ? but he defied the orders and was caught and sentenced to nine months in prison.
However, the Appeal Court released the father after Anysha wrote to the judge. Lord Justice Rix allowed the appeal at the Civil Appeal Court and suspended his sentence for two years.
The court was told that he is now 'far removed from his once luxurious life' - and is 'financially ruined and bankrupt.'
Lord Rix said: "The public interest will be sufficiently vindicated by suspending the term."
Panesar made his money through his insurance company Motorcare Warranties which has collapsed.
An investigation by the Financial Services Authority found that the company left a trail of victims whose motor insurance policies were worthless.
A bankruptcy hearing in the High Court banned Panesar from setting up a new business. But Panesar was found in contempt of court by launching up a new insurance company called Motorcare Warranties.
Panesar, 45, and his wife Caroline, 43, now face losing their luxury ?500,000 home and their six-acre estate in the Vale of Glamorgan.
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<p> 90210 star Tori and husband Dean are no strangers to epic children’s birthday parties (and the photo shoot opportunities they come with), but they well and truly took the cake in 2010, when they threw daughter Stella a bumper Barbie themed party for her second birthday. The birthday girl wore a pink tutu and guests tucked into a life-sized Barbie cake (double the size of poor Stella), complete with additional pink cupcakes, pink icing and pink lemonade. Unconfirmed reports say every guest went home with sore eyes and a migraine. </p>
- Kai Rooney parties with llamas and horses
<p> Wayne and Coleen pulled out all the stops for son Kai’s <a href="http://www.parentdish.co.uk/2011/11/07/kai-rooney-and-100-guests-party-with-llamas-and-horses-for-his-second-birthday/" target="_blank">second birthday bash</a> - horses, llamas and, er, staff dressed as cows were all in attendance. The celebrity pair hired several animals and entertainers for Kai and his 100 (!) party guests, with one perplexed insider saying: “It looked amazing. There were balloons twisted into the shape of tractors, and animals everywhere. Then somebody who looked like Snow White walked in with a goat!” Brilliant. </p>
- Angelina and Brad take Pax on a river cruise
<p> Brangelina know exactly how to par-tay with a seven-year-old in the house - they organised a luxury river cruise on the Seine in France for birthday boy Pax. The whole clan - Brad, Ange, Maddox, Zahara and Shiloh - were aboard (minus little ‘uns Knox and Vivienne who were presumably not up for the way too grown up boat bash). At least balloons and cake made an appearance. </p>
- Gwen spends $15,000 on Kingston's fourth birthday
<p> Gwen Stefani and Gavin Rossdale didn’t spare the pennies when their son Kingston turned four - they apparently splashed out on a party costing $15,000. Given that the party was actually held at their LA home, the couple had plenty of cash available to hire bouncy castles, actors dressed as superheroes, a luxury lemonade stand and a candy floss machine. Guests in attendance included the Beckham boys and Kate Beckinsale. </p>
- Kourtney Kardashian gets a petting zoo for Mason's first birthday
<p> When you’re turning one, what more do you need in your life than a petting zoo and an OK! magazine exclusive? Step forward Mason Disick, whose parents, Kourtney Kardashian and Scott Disick, threw a bumper bash with a circus and carnival theme for added effect and photo opps. The whole Kardashian clan were in attendance for the party (and magazine photos, of course…).</p>
- The Wanted play for Romeo Beckham
<p> The Beckhams' middle son got exactly what he Wanted for his 10<sup>th</sup> birthday - his favourite band, The Wanted, <a href="http://www.parentdish.co.uk/2012/09/04/top-boy-band-play-the-wanted-play-for-romeo-beckham-10th-birthday-party/" target="_blank">played exclusively for him and pals at his party</a>. Posh showed her appreciation afterwards, albeit very smugly, tweeting the boys with the message: “The <a href="https://twitter.com/thewantedmusic" target="_blank">@thewantedmusic</a> boys, the coolest boys in music!!! Thank you for making Romeo's 10th birthday so special!!!! X vb.”</p>
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<p> Rumour has it Princess Suri had a fancy pants <a href="http://www.parentdish.co.uk/2011/04/06/suri-cruise-birthday-13-000-circus-party/" target="_blank">fifth birthday party</a> to the tune of £13,000! Pre-split, Tom and Katie hired professional actors to dress up as children’s characters, and ordered a whole load of animals, including giraffes and elephants for Suri and her pals to marvel over. Any bets on what she’ll be getting for her next birthday, post-TomKat break up?</p>
- Britney hires trampoline park for boys' birthday bash
<p> Brit hired an entire trampoline park for her boys to enjoy for a joint birthday party this year, when Sean Preston turned seven and Jayden James celebrated being six. Britney kept it small by celeb standards, with 20 of the boys’ friends invited to enjoy the park, eat cake (and then trampoline? Rather you than us, Brit…), and play party games before heading back home to open presents. </p>
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- P. Diddy's son gets a trip to Vegas
<p> P. Diddy’s little boy got a trip of a lifetime for his 12<sup>th</sup> birthday. He was whisked away to Vegas in a fancy black tour bus for a three day break with friends. The gang saw the sights, ate a lot of pizza and tucked into a custom cake which was as tall as the birthday boy.</p>
- Mariah Carey's twins get mini Ferrari for their first birthday
<p> Mariah was always going to go all out for dem babies’ first birthday, but twins Moroccan and Monroe really did get everything and more when they turned one - a mini Ferrari, rocking horse, dolls’ house and miniature white piano. The one-year-olds were dressed to impress for their party, with Monroe in a fancy white frock and Moroccan suited and booted in a mini tux (we’re guessing they weren’t allowed to eat!). Mariah and husband Nick Cannon shared a whole heap of party snaps from the big day, you can <a href="http://www.parentdish.co.uk/2012/05/14/happy-birthday-to-dem-babies-mariah-carey-shows-off-twins-moroccan-monroe-first-birthday-party-presents/" target="_blank">take a look in our gallery (you know you want to…).</a></p>
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