Mr Justice Wilkie said Bhayani "ruthlessly targeted" Ms Waugh and murdered her with "greed, callousness and total lack of any regard."
He said: "Without a second thought, you calmly and comprehensively set about stealing her identity" and a complete "asset-stripping of her persona".
More top news
£100,000 of vital maintenance work is being carried out on the Tees Barrage.
Alan Barnes, the Gateshead man given £330,135 by well-wishers after being mugged, plans to sell his home to move to the Shetland Islands.
Higher breakfast sales and a bigger range of healthier products helped it grow underlying profits by 51% in the first half of the year.