Newport man ordered to pay back over £75,000 through the Proceeds of Crime Act
Tuesday 13th of February 2018
Back in August we told you about a Newport man who was sentenced to 3 years and 7 months for money laundering.
On 15th March 2017, officers executed a warrant at an address in Newport. A large quantity of cash was seized from the property, including a mobile phone which contained videos of Stephen Baldwin counting vast sums of money using a cash counting machine, money in the excess of £70,000.
As part of his conviction, a number of financial assets were identified as proceeds of crime and were retained. Those assets were the subject of proceedings for confiscation under the Proceeds of Crime Act. The Proceeds of Crime Act 2002 enables policing agencies to disrupt criminal enterprises and contributes to crime reduction efforts. The Act aims to simplify and streamline money-laundering offences and introduces a civil power that gives Customs and Police the power to seize cash.
Following on from the sentencing Steven Baldwin has been ordered to pay back over £75,000 with approximately £14,920 already seized through cash, high value drones, clothing and jewellery.
We like to take this opportunity to remind local residents to please call us if you believe someone is living a lifestyle through the proceeds of crime dial 101 or contact Crimestoppers anonymously of 0800 555 111.
Source: https://www.gwent.police.uk/newsroom/story/?L=0&tx_news_pi15Bnews5D=2139&tx_news_pi15Bcontroller5D=News&tx_news_pi15Baction5D=detail&cHash=a45afadc24e326d50a3876bf25bf6eb5 (Fri Dec 8th 2017)