Care Home Owner Faces Losing Everything Over ‘Unexplained Wealth’

A man who owns four homes stands accused of making his fortune from drug dealing and now faces having his assets seized – including a king’s ransom in cash and jewellery.

Fabian Jackson, 31, who has a home in Dukes Avenue, Grays, stands to lose everything after a top judge ruled his “unexplained wealth” was probably the product of heroin dealing and other criminal activity.

Alan McQuillan, director of the Assets Recovery Agency, pointed out Jackson had never paid a penny in tax, despite his glamorous lifestyle.

The father-of-three argued he had worked hard for his assets through legitimate business, including making tens of thousands of pounds trading on internet auction site, Ebay.

Mr Justice King opened the way for the agency to seize almost everything Jackson owned, condemning his account as “wholly lacking in credibility”.

The court heard police officers opened three safety deposit boxes “under the control” of Jackson, at the Selfridges department store in Oxford Street, London, in June 2002.

Inside, they discovered more than £50,000 in heroin-contaminated cash, plus jewellery with a retail value of about £80,000.

Another £97,000 in cash was found at Jackson’s home.

In March 2002, he also had enough cash to buy an Audi sports car and a Yamaha motorbike on consecutive days.

As well as his Grays home, Jackson also owns properties in Higham Hill Road, Walthamstow, High Road, Leytonstone, and Moray Road, Finsbury Park.

This is only the second time the director of the Assets Recovery Agency has launched a High Court bid for the reclamation of allegedly criminally-generated assets.