A conman who police believe used his ill-gotten gains to invest in a property portfolio faces having the homes confiscated via a Proceeds of Crime Act (POCA) court hearing.

Mark McCracken was convicted in 2019 of several high-value scams including masterminding a £600,000 ‘cash for crash’ insurance fraud scheme.

Faced with overwhelming evidence, at the time he pleaded guilty to 11 counts of money laundering and perverting the course of justice.

Prior to the this, when police raided properties linked to him, some £77,000 in cash was found along with evidence at his home within a secret cupboard that he had created fake identities.

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To recover his proceeds of crime, McCracken now faces a three-day hearing during which police will highlight the scale of his frauds and its intention to use powers under the POCA to seize the properties.

Property portfolio

These are believed to be in Wigton, Cockermouth, Maryport and Carlisle.

A spokesperson from Cumbria Police told LandlordZONE that it would be able to reveal whether the properties had been rented out once proceedings against McCracken are concluded, mostly likely in early December.

McCracken is expected to contest the attempt to confiscate his assets, local media reports.

POCA sets out the law in relation to the recovery of criminal assets with confiscation being the most commonly-used power.
This normally only occurs after a conviction has taken place and is designed to prevent criminals benefitting from their crimes and to act as a deterrent.

2 COMMENTS

  1. Really object to Landlord zone jumping on every opportunity to highlight the worse landlords, never anything good to promote what is a overwhelmingly hard working, socially valuable and productive sector. This post will get quietly deleted as its clearly correct in its premise. But be assured I will not buy any service promoted by the affiliate program of the site and will highlight this sites “couldn’t care less by landlords” approach to the site’s mercenary affiliate program.

  2. Hi Liam – thanks for your reply and no, there are now plans to delete your post and we welcome all feedback about our content and site and always use it to play our editorial approach going forward.
    I am sorry that you feel this way about our stories – but we simply report what’s happening in the news be it government updates, legislative changes, landlords being prosecuted and other stories within the private rental sector.
    But we do often try to highlight landlords who are doing good too – for example we ran a ‘Landlord Hero of the Week’ series during the worst months of Covd… see: https://www.landlordzone.co.uk/news/landlord-hero-of-the-week-2-collette-lord/ Also if you know any landlords who are good examples of landlords who are hard-working and socially valuable then please let us know. Nigel – Editor, LandlordZONE.

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