A Hatton Garden gang member still owns homes in London and Spain despite failing to pay back millions of pounds stolen in the heist, a court has heard.
John “Kenny” Collins, 78, has been released from prison but faces being sent back to jail for another seven years next month if he does not hand over more than £7 million.
Collins, along with fellow heist ringleaders Brian Reader, 80, Daniel Jones, 64, and Terry Perkins, who died in prison last year aged 69, were slapped with one of the biggest confiscation orders in Scotland Yard’s history last year.
They owe a joint £5.7 million, which prosecutors say is available in hidden assets from unrecovered jewellery, gold, gems and cash stolen in the £13.7 million raid, along with funds from realisable assets such as properties in the UK and abroad.
Alarm specialist Michael Seed, 58, who was known as “Basil”, was jailed for 10 years in March after becoming the 10th person convicted in connection with the 2015 Easter bank holiday weekend heist and is likely to face a similar order.
Jones has already been sentenced to seven years imprisonment after failing to pay back the cash, while prosecutors hope to recoup some money from Perkins’ estate.
Collins appeared at Westminster Magistrates’ Court on Tuesday for a proceeds of crime hearing wearing glasses, a black jacket over a blue shirt with white polka dots and jeans.
“There has been no money paid in respect of the hidden assets – the £5.7 million,” said prosecutor Philip Stott.
“There has been no production of further stolen jewellery, no information provided of where further stolen goods are.”
The court heard Collins has handed over more than half a million pounds from his known assets, but Mr Stott added: “Two very major assets, his London home and his home in Spain, remain unsold.”
Reader, who has also been released from prison, did not attend the hearing and his lawyer, Tom Wainwright said he was too ill.
“He’s got difficulties with his eyesight, his hearing is minimal, he’s suffered a number of strokes and he’s recovering from cancer,” he said.
The court heard Reader has not paid back a single penny of the £6.6 million he owes and he also faces a fresh seven-year jail sentence.
His and Collins’ lawyers had been seeking a lengthy adjournment, but District Judge Richard Blake refused the application.
The next hearing will take place at Hendon Magistrates’ Court on July 17.