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Eastern Region Asset Confiscation Enforcement team seizes £10M assets from criminals

 More than £10 million worth of assets have been identified and seized from criminals in the eastern region by the Eastern Region Specialist Operations Unit (ERSOU).

Drug dealers, organised crime group members and fraudsters are amongst some of those who have been made to pay for their illegal activities since the creation of ERSOU’s Asset Confiscation Enforcement (ACE) team.

In the last year alone, £2.2 million has been seized from such criminals thanks to the work of the ACE team.

The team was created in 2014 and carries out investigations into offenders once they have been sentenced, to ensure that they do not profit from their crimes and that they fulfil Proceeds of Crime Act (POCA) confiscation orders made against them.

Historic

In some cases, the team will identify new assets that offenders have gained following their release from jail and enforce historic confiscation orders to ensure that the full amount is repaid – no matter how long ago the crime took place.

ERSOU’s Assistant Chief Constable Dan Vajzovic said: “Our ACE team has worked incredibly hard since its creation to ensure that criminals operating in our region do not reap the reward from their illicit activities.

“To have now recovered more than £10 million is phenomenal and I’d like to thank all of the officers and staff who have played their part in helping reach this milestone.”

He explained that in the last 12 months alone, the team has seized more than £2 million of ill-gotten gains.

Success stories

Successes include the jailing of a Peterborough man for five years for being caught in possession of other people’s bank details.  As part of his sentence, he was ordered to repay £293,000, but his only available amount was £96,000. 

After looking further into his finances, the ACE team found that he held equity in property, an Audi A5 worth £20,000 and cash in bank accounts. An uplift of £58,000 was then granted, with the amount to be distributed to his victims. 

A convicted fraudster was force to repay £87,000 to a 69-year-old victim, 11 years after the confiscation order was initially made, following an extensive investigation by the ACE Team to identify further assets held by the defendant.

The ACE team oversaw the sale of two properties worth £838,400 linked to two Hertfordshire men who were jailed in June 2017 for the UK’s largest ever payroll fraud, in order to fulfil their confiscation orders.

A man who was jailed for his part in a Cambridgeshire gang that supplied high purity cocaine and ecstasy to other gangs across the country was made subject to a confiscation order to recover the benefits of his criminal activity, thought to be worth £621,000. His assets at the time were valued at £65,200, however, financial investigators within the ACE team revisited the case and established he had further assets, including a pension policy and equity within a property.

The original order was increased and he was ordered to repay an additional £253,000.

ACE investigators also supported the enforcement of a Confiscation Order which culminated with the seizure of two Dubai apartments that had been purchased from the proceeds of drug trafficking, in relation to a man who had been convicted of drug trafficking and firearms offences in Bedfordshire.

The ACE team worked alongside the Crown Prosecution Service (CPS) to identify the foreign assets and repatriate the proceeds from their sale in a complex and ground-breaking case totalling £481,834.28 in seized funds.