The last Hatton Garden raider has been jailed after being found guilty of conspiracy to burgle.

Michael Speed, 58, who picked up the nickname ‘Basil’ in the aftermath of the heist, was also found guilty of conspiring to hide the proceeds.

According to the BBC, he has been jailed for 10 years for the burglary and eight years for the second charge, a sentence which will run concurrently.


The convictions come four years after the heist, with jurors at Woolwich Crown Court taking more than a week to make their decision, returning a 10-2 majority verdict on the first charge.

Detective chief inspector Mark Bedford from the Met’s Flying Squad, commented: “The conviction of Seed brings to a close one of the longest investigations in the Flying Squad’s history. This was a complex and meticulous inquiry into the burglary in the heart of London’s diamond district.

“Seed, who was more widely known as Basil, was responsible for accessing the Hatton Garden premises and disabling the security systems within. He was the only outstanding suspect in this long-running case, and has now been convicted alongside his co-defendants.”

As part of the defence in court, Seed, a known alarm specialist, denied the charges and went on to explain to jurors how he was not the man known as ‘Basil’ to the rest of the gang.

Bedford continued: “These men were career criminals who carried out one of the biggest safety deposit centre heists in British history without a moment’s thought for any of the victims.”

He added: “They broke into 73 safety deposit boxes, and stole approximately £14 million worth of gold, silver, diamonds and jewellery. For many of the victims, these safety deposit boxes contained their life savings, which were cruelly snatched by Seed and his criminal associates.”

Seed is believed to have been melting down gold and breaking up jewellery on his bedroom workbench.