Money launderer ordered to repay more than £45k within a month or face longer jail term

 

A London man convicted for money laundering offences appeared in Carlisle Crown Court yesterday (Thursday 1 March) where he was ordered to repay thousands or face longer in jail.

During the Proceeds of Crime Act Hearing, 39 year old Micky Tanko was found to have benefited from his criminality to the tune of £528,677.75. The judge imposed a confiscation order for £45,296.39.

Tanko of Westminister Gardens, Barking, London, has 28 days to satisfy the order or he will be sent to prison for a period of up to 15 months in default.

His appearance in court follows an earlier investigation into an offence of deception committed against a Cumbria resident in 2004, where Tanko and others attempted to deceive him out of £42,000. For this he was imprisoned and a confiscation award made at Carlisle Crown Court. Following his release from prison he was arrested by officers from the Metropolitan Police using a false identity which had been used in the earlier deception. This led to the uncovering of bank accounts and monies obtained through money laundering. He was dealt with by Cumbria Police for the money laundering offences.

Tanko pleaded to five counts of Money Laundering on 18th July 2010 at Carlisle Crown Court. He was sentenced to 12 months imprisonment suspended for 24 months.

A Proceeds of Crime Act investigation was then launched by Cumbria Constabulary.

Kate Needham, a financial investigator from Cumbria Constabulary said: “This investigation centred on the use of bank accounts by a convicted fraudster to further his criminality in false names but through financial investigation we uncovered that Tanko was the real owner of the accounts.

“Tanko has now been stripped of a substantial amount of cash that he had acquired illegally and if he fails to pay, he will lengthen his jail term.

“Crime doesn’t pay and police will continue to ensure that criminals are targeted and any financial gain they make as a result of their crimes is seized.”