Proceeds of Crime news 06/04/2009 Scottish man refuses to settle confiscation order

A Scottish man convicted of money laundering offences has refused to deliver almost £300,000 demanded under the Proceeds of Crime Act 2002.

Jamie Stevenson, also known as The Iceman, had previously agreed to surrender £747,000 worth of assets identified as criminal property in exchange for charges relating to drug-dealing being dropped. Police have reclaimed more than £450,000 from the sale of confiscated goods, but £288,100 remains outstanding on the court order made against Stevenson, described by the Scottish Sunday Mail as Scotlands most powerful crime boss.

According to his legal advisor, Jim McDonald, Stevenson is also to appeal against the sentence imposed for breaching money laundering law. The advisor said, He pleaded guilty to the money laundering but they sentenced him as a drugs dealer. He is 100 per cent certain to win.

His sentence of 12 years and 9 months, imposed for laundering over £1m, was handed down in October 2008. The confiscation order imposed at that time under the Proceeds of Crime Act 2002 demanded settlement within six months, a deadline that is shortly to expire.

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