A CONVICTED drug dealer was today warned he must give up his profits – or face more time behind bars.
Martin Waterson has been told he must cough up more than £58,000 made from selling cocaine and cannabis to avoid spending a longer stretch in jail.
Waterson, of Lytham Road, Blackpool, is currently serving a sentence of three years and four months after a police raid on his home uncovered cannabis, amphetamines and cocaine which he was dealing.
He was jailed at Preston Crown Court in April, and yesterday the court gave the go-ahead to an application by Lancashire police’s proceeds of crime team to order him to forfeit £58,211.75.
And the 50-year-old was warned if he does not pay £23,585 of the sum within three months he will face more time behind bars.
Alan Todd, from Lancashire Constabulary’s financial investigation team, said: “The Proceeds of Crime Act (POCA) gives us a wide range of powers to allow us to strip people of their illegally amassed cash and I am pleased with today’s result.
“We will continue to use this tool as part of the fight against drug dealing and organised crime in general.”
Officers can use a POCA to obtain financial forfeitures if an application by the force is approved at either magistrates or crown court.
The money obtained from Waterson will be split between local criminal justice agencies and crime fighting projects.