Video: Met Police crackdown on economic crime: 81 arrests so far

12:43 29 May 2012

A yacht seized by the Met Police which has been dry-docked and will be searched as part of a money laundering investigation under Operation Stimtone

A yacht seized by the Met Police which has been dry-docked and will be searched as part of a money laundering investigation under Operation Stimtone

Archant

Police have so far made 81 arrests in the Met’s largest ever crackdown on economic crime.

Launched today, officers on Operation Stimtone are carrying out 300 separate operations to target people those involved in money laundering, identity fraud, handling stolen goods, conspiracy to defraud and those who target the vulnerable and elderly sections of our community.

Economic crime costs businesses and the taxpayers of London tens of millions of pounds every year.

As well as the arrests, officers have also seized £1.4 million cash, more than 500 cannabis plants, two replica firearms, a large quantity of class A drugs including 170 wraps of cocaine, one CS gas canister, two cars, one motorbike and a £25,000 motor cruiser.

Various items of stolen property including games consoles have also been recovered throughout the morning..

More than 900 officers are working across London today executing search warrants for stolen property and proceeds of crime, undertaking covert operations against fraudsters, carrying out financial investigations and paying visits to pawnbrokers, bureaux de change, storage companies and scrap metal dealers.

Commander Allan Gibson is leading today’s operation. He said: “Economic crime is not a victimless crime. It affects all of us as law-abiding members of the public. We ultimately end up paying the price for crimes against businesses through increased taxes, insurance premiums and the price of goods.

“This is why today over 900 officers will be busy working across all 32 London boroughs seeking to seize the proceeds of crime and work to take criminal property back.

“We are determined to make sure crime does not pay but criminals do. We want to show communities criminals who comfortably live off the proceeds of their crimes are being brought to justice. Working together we are stronger and we can get the better of criminals.”

You can follow the key results on Twitter @metpoliceuk. The hash tag throughout the day will be #bigwing.

If you have any information on people or individuals who are running scams or making money through any criminal activity call 101 to speak to a police operator or alternatively call Crimestoppers anonymously on 0800 555 111.

Latest Crime news

Wednesday, May 4, 2016
Do you recognise any of these people?

A gang of unruly West Ham fans caused havoc on a train from London to Manchester after breaking into a buffet car to nick as much alcohol as they could.

Wednesday, May 4, 2016
Robbers smashed in the shop's windows  (File photo: Paul O'Driscoll/Getty Images)

An audacious gang of robbers smashed their way into a jewellers at Brent Cross shopping centre this morning - and fled with their loot on bicycles and on foot.

Tuesday, May 3, 2016
This picture of the London Air Ambulance was tweeted with the caption:

The London Air Ambulance rushed a teenage boy to hospital in West Norwood today after he was stabbed on a bus eyewitnesses say was packed with schoolchildren.

Tuesday, May 3, 2016
The fight is understood to have broken out over a game of football (Photo: Petey21)

A man was stabbed outside the King’s Arms pub in Mitcham on Sunday night in what police believe was a row over a game of football in the beer garden.

Tuesday, May 3, 2016
Police want to identify these men (Photo: Metropolitan Police)

Police are hunting two men who attacked three people to steal laptops that had been advertised on Gumtree - including a nine-year-old boy

Friday, April 29, 2016
These deadly weapons have been seized in Brent over the last 24 hours (Pic: Twitter@MPSBrent)

It might look like a harmless torch but this is actually a disguised Taser which has been seized by Brent Police.

What is this?

Near You Now

Don't Miss...

Competitions

Kindle 7 inch tablet

Are you looking for a brand new gadget to help you stay connected on the go and make that long journey home a bit more entertaining? Look no further. MyOffers is giving you the chance to win 1 of 50 Kindle Fire 7” Display Tablets! That’s 50 times more chances to win, so hurry up and enter our competition today and you could be one of our lucky winners!

Read more
Yummy traditional afternoon teas for two

MyOffers is giving you the chance to win 1 of 50 Traditional Afternoon Teas for two at a location of your choice! That’s 50 times more chances to win, so hurry up and enter our competition today and you could be one of our lucky winners!

Read more

Latest Tech News

Transport