Today at the Old Bailey in London, the long awaited Proceeds of Crime hearing into McCormick's ill gotten gains was finalised. The result is that he has to pay into court, within three months, £7.9 million worth of cash and assets.
This shows how toothless the Proceeds of Crime Act is, the police estimated his total financial gain to be £21.3 million, so he walks away with £13.4 million, where is the justice in that?
For a full report please see the link below:
http://www.thisisthewestcountry.co.uk/news/14558925.Court_confiscates_assets_of_almost___8_million_from_jailed_fraudster/#comments-anchor
Whoever said, "Crime doesn't pay"?
This shows how toothless the Proceeds of Crime Act is, the police estimated his total financial gain to be £21.3 million, so he walks away with £13.4 million, where is the justice in that?
For a full report please see the link below:
http://www.thisisthewestcountry.co.uk/news/14558925.Court_confiscates_assets_of_almost___8_million_from_jailed_fraudster/#comments-anchor
Whoever said, "Crime doesn't pay"?
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