A FORMER policeman jailed for eight and a half years for a £1.4 million fraud and firearm offences will learn in December how much of his assets will be confiscated.
Stephen Spellacy, 38, of Garth End, Pocklington, will be joined in the dock by John Michael Taylor, 37, of Nunthorpe Crescent, South Bank, a former Norwich Union employee, who diverted money from the company’s accounts as part of a fraud and money-laundering operation that was run by the pair.
Taylor is currently serving a five-year sentence for fraud and related offences.
The Crown Prosecution Service wants to confiscate the assets of both men and of some of their accomplices as the proceeds of a criminal lifestyle.
They could be ordered to hand over more than £1 million. The hearing at Leeds Crown Court is expected to last three days.
Accountants and police financial experts have been preparing reports on both men’s assets since they were sentenced in November 2009.
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