Businessman admits safeguarding millions of pounds of ill-gotten gains.
A RESPECTED Hampstead businessman today admitted to turning a blind eye to criminals using his safety deposit company to store millions of pounds of ill-gotten gains.
Milton Woolf, co-director of Safe Deposit Centres Ltd, saw his business empire crumble on June 2 last year, when an unprecedented 300-strong police operation simultaneously raided his offices in Hampstead, Mayfair and Edgware
Police found a treasure trove of loot including �50m in cash, bags of gold dust worth �10m, valuable paintings, elephant tusks and child pornography.
Appearing at Southwark Crown Court today, Woolf, of West Heath Drive, Golders Green, pleaded guilty to 14 offences, including failure to disclose knowledge of money laundering, possession of firearms and ammunition, theft and possession of counterfeit currency.
Michael Holland QC, prosecuting, said Woolf played a “central figure” within the safe deposit firm.
You may also want to watch:
He said that in the course of running his company Woolf had “paid lip-service to any duty of reporting suspicious activity and any duty that any citizen has to preventing criminals using their facilities.”
- 1 Highgate mental illness charity sees 'desperation' rise during Covid year
- 2 Two men charged after police find 'gun, cash and drugs' in Brent Cross flat
- 3 Owner mourns Highgate station’s beloved black cat
- 4 London elections 2021 live: Latest results as they come in
- 5 North London nurses: 1% NHS pay offer is a 'kick in the teeth'
- 6 Police officer suffers leg injury after BMW stopped during 'routine patrol'
- 7 Toilets, the Ponds, Streatery, Nazanin and Palestine
- 8 'Unacceptable' HGV use by developers in Church Row writes off 3 cars
- 9 Arteta asks Arsenal to use 'pain' to punish West Brom
- 10 London Assembly elections: Camden, Barnet and Haringey's candidates