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| Man jailed over 14m fake £1 coins | Man jailed over 14m fake £1 coins |
| (about 1 hour later) | |
| A counterfeiter who produced fake £1 coins with an estimated total value of £14m, has been jailed for five years. | A counterfeiter who produced fake £1 coins with an estimated total value of £14m, has been jailed for five years. |
| Marcus Glindon, 37, from Enfield, north London, made the coins over seven years from a workshop near his home. | Marcus Glindon, 37, from Enfield, north London, made the coins over seven years from a workshop near his home. |
| When officers raided his home and nearby business, MG Engineering, in March they found machines used to manufacture coins and counterfeit dies. | |
| Glindon admitted five counts relating to counterfeiting the coins at Wood Green Crown Court. | Glindon admitted five counts relating to counterfeiting the coins at Wood Green Crown Court. |
| We have disrupted a nationwide criminal network and put a substantial dent into the illegal production of £1 coins Det Con Dan Roberts | We have disrupted a nationwide criminal network and put a substantial dent into the illegal production of £1 coins Det Con Dan Roberts |
| Glindon was caught after an anonymous tip-off alerted police. He was arrested and charged two days later. | Glindon was caught after an anonymous tip-off alerted police. He was arrested and charged two days later. |
| He said that he worked mainly alone, producing coins for two men. | He said that he worked mainly alone, producing coins for two men. |
| Of the estimated 14 million coins, 2.5 million were completed while the remainder were left blank, due to be finished off. | Of the estimated 14 million coins, 2.5 million were completed while the remainder were left blank, due to be finished off. |
| It is thought that at one stage he was making 10,000 to 12,000 coins per day and was paid about £2,000 in cash a week by the two men. | It is thought that at one stage he was making 10,000 to 12,000 coins per day and was paid about £2,000 in cash a week by the two men. |
| The Royal Mint said it would be extremely difficult for members of the public to differentiate between legitimate coins and the fake ones Glindon had produced. | The Royal Mint said it would be extremely difficult for members of the public to differentiate between legitimate coins and the fake ones Glindon had produced. |
| Metropolitan Police Det Con Dan Roberts said: "As a result of a collaboration between the police, the Royal Mint and the counterfeit agency at the Serious Organised Crime Agency, we have disrupted a nationwide criminal network and put a substantial dent into the illegal production of £1 coins." | Metropolitan Police Det Con Dan Roberts said: "As a result of a collaboration between the police, the Royal Mint and the counterfeit agency at the Serious Organised Crime Agency, we have disrupted a nationwide criminal network and put a substantial dent into the illegal production of £1 coins." |