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Michael Riccio’s Profit Seizure Hearing
Description
Michael Riccio, aka “LeadFern,” is back in court after a 35-year sentence for drug trafficking, money laundering, and weapons offenses—facing a new hearing to forfeit his alleged criminal profits. Despite claiming he was just a broker who only earned a cut of profits and never personally possessed the £2.5 million in cash, prosecutors argue the jury’s verdict proves otherwise. Riccio, appearing via video from prison, admitted to drug dealing but denied ownership of the cash, even tearfully lamenting his separation from his kids. The judge affirmed the law requires honoring the jury’s finding, and proceedings are adjourned until July 10 to determine how much Riccio must repay.
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