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Have an actually functioning legal and economic system so people like this can't be created nor have this sort of power in the first place? When you have criminals running businesses making bank, multi-millionaires even, while not giving his victims the compensation that they're supposed to be getting, you've fucked up. Seize his assets and distribute them to the people who he defamed, take all of his earnings except for the bare minimum he needs to survive until this debt is paid off (which it won't be since it's far more than he could ever pay anyways). That's what he should expect if he disobeys legal orders and refuses to do the bare minimum in paying victims out.
They already froze his assets and are in the processes of collecting for the families. They already ruled bankruptcy is not an excuse not to pay.
The legal systems seems to agree with what you want the desired outcome to be. I guess the only difference is you want to government to be able to have full control over everything, so they can take it instantly?