Pemberton TSB bank raider ordered by court to pay £60k
A robber who held a gun to the head of a bank clerk during a raid has been ordered to repay nearly £60,000.
Colin Smith, 30, of HMP Risley, was jailed in June 2010, after the raid at the TSB bank in Pemberton, near Wigan.
A Proceeds of Crime Act (POCA) hearing at Liverpool Crown Court ordered Smith to repay £59,200 within 21 days.
The assets include a VW Golf that Smith paid for in £7,000 cash hours after the raid, prompting a salesman to joke "have you robbed a bank?".
Smith was convicted for the raid on 2 May 2008 when he and another man burst into Lloyds TSB on Ormskirk Road, which was full of customers.
While his accomplice stood in the bank holding a knife aloft, telling everyone to get to the floor, Smith held a pistol to the head of a staff member at the enquiry counter and pulled her to the ground.
As the woman screamed for help, he dragged her across the bank floor and forced her to open the back office.
The pair put cash into a rucksack and fled in a car parked around the corner.
The POCA hearing heard Smith was found to have made £160,000 in illegal gains.
He had assets worth £59,200, including the Golf and high value electrical items bought with cash from the robbery, as well as approximately £51,000 in cash deemed to have been hidden by Smith.
If he does not repay the money he will be jailed for 18 months, to run concurrently with his current jail term, after which he would still owe the money.
Det Insp Jon Keeley of Greater Manchester Police said: "Smith made a significant amount of money from his criminality, and now, thanks to the Proceeds of Crime Act and the vigilant work carried out by the financial investigator, he will lose it all."
Smith, formerly of Brentwood Grove, Leigh, received an indefinite jail sentence and must serve a minimum of six years before being considered for parole.