Cash probe into crime family
TWO members of a notorious crime family could lose hundreds of thousands of pounds as the justice system probes their finances.
Gang boss Terry Adams, 64, and brother Michael Adams, 53, were involved in the north London Adams crime family, also known as the A-Team.
It has been suspected of links to 25 gangland murders, crimes such as extortion and drug dealing and police corruption.
Terry Adams, seen as head of the family, was due to appear at Hendon Magistrates Court last Wednesday for a hearing to determine his income and wealth after he failed to pay prosecution court costs of £46,258 from a 2007 money laundering trial. He has already paid £720,000 of criminal earnings.
However, the CPS applied for the case to be adjourned
NABBED: Michael Adams is held during raid in 2014
until later this month. Meanwhile Michael “Micky” Adams faces the first hearing of a proceeds of crime confiscation case against him later this month.
It comes after he was jailed for 38 months in June when he admitted tax evasion. Prosecutors estimate HMRC could have been cheated by between £402,000 and £568,000, but his defence argued it would be considerably less.
The case will look at assets, including the £700,000 Finchley home he owns through a bank mortgage.