SELL YOUR HOME.. OR DO 7 MORE YEARS’ JAIL
CRIME boss Tommy Adams is scrambling to sell his home to avoid facing another seven years behind bars for failing to repay a £1.2million confiscation order.
Last year, gangland “money man” Adams, 63, a member of the notorious Clerkenwell Crime Syndicate, was ordered to hand over the profits he made from a money-laundering racket.
So far he has coughed up just £277,613.20 with a balance of £965,657.55 plus interest of £86,272.41 still to pay. It can now be reported that at a proceeds of crime hearing last month, Adams agreed to flog a property he owns in London to help settle the outstanding demand and avoid further jail time.
David Spencer at the
Centre of Crime Prevention said: “Tommy Adams’ criminal career has netted him millions and it is quite right that the CPS should be going after him for every penny of his illgotten gains.
“The confiscation order is for a small fraction of the funds he has amassed over the years.
“If that money is tied up in property then it is absolutely right that it should be either sold or seized.”
It is believed the sale of the home – thought to be in Bow, east London – should satisfy a substantial chunk of the order.
But it will still be up to a judge at a hearing next month to decide whether Adams has to serve an extra seven years in prison.
Also known as the A-Team, the feared Adams family are thought to have amassed a £200m fortune through murder, extortion, robbery and drug trafficking – with one victim allegedly buried in concrete under the Millennium Dome.
Adams ran the crime syndicate, linked to 25 killings, alongside brothers, Terry, 66, and Patrick “Patsy”, 65.
The gangster was jailed for seven years in 2017 after being convicted of money laundering.
‘If the money is tied up, it’s right that the property should be sold or seized’