A suspected drug dealer has agreed to hand over his property empire after the National Crime Agency successfully argued
The properties in Liverpool, worth a total of £745,000, were recovered from Gerrard “Ged” Morgan, aged 44, his wife Michelle Morgan, aged 45, and their son Gerrard Morgan junior, aged 23.
The family must also hand over the £310,318 net proceeds from the sale of another property.
NCA officers believe Morgan funded purchase of the homes through drug trafficking, mortgage fraud and tax evasion and that his wife and son were complicit in money laundering, mortgage fraud and tax evasion.
In response to the NCA’s civil recovery investigation, the Morgan family agreed to hand over:
- • A property in Trispen Road Croxteth
- • A property in Clanfield Road, Croxteth
- • A property in Freme Close, Croxteth
- • A property in Beversbrook Road, Croxteth
- • A property in Swinbrook Green, Croxteth
- • A property in Hursley Road, Walton
- • A property in Uldale Close, Croxteth
- • A property in Stalisfield Place, Croxteth
- • A property in Lower House Lane, Croxteth
- • A property in Ampulla Road, Croxteth
- • A property in Guilsted Road, Croxteth
- • Two properties in Sandway Crescent, Croxteth
- • The £310,318 net proceeds of sale of a property in Simonswood
Stephanie Jeavons, deputy director of the NCA’s Economic Crime Command, said:
The NCA investigation was assisted by Merseyside Police’s Economic Crime Team.
Detective Chief Superintendent Paul Richardson of Merseyside Police said: