Courts / Louth / Report
Luxury watches worth €152k seized after investigation into international gang are proceeds of crime
Summary
The High Court has ruled that 14 luxury watches valued at €152,000, €22,000 in cash, and a mobile home are proceeds of crime. Mr Justice Alexander Owens made the order under the 1996 Proceeds of Crime Act regarding assets seized by the Criminal Assets Bureau from Jason Reed, Thomas Rooney, and Catherine Dawson. The applications were unopposed. The assets were seized following a Garda investigation into an international gang involved in illegal drugs and firearms trafficking. The three individuals were previously convicted of laundering over €400,000 for a criminal organisation after being observed exchanging large sums of cash in Drogheda in May 2020. Last year, Jason Reed, from Dunshaughlin, Co Meath, was sentenced to seven years' imprisonment by the Special Criminal Court for money laundering offences. Thomas Rooney, of Bettystown, Co Meath, received a six-year sentence for the same offences. Catherine Dawson, a former partner of Rooney's, received a fully suspended sentence of three years and nine months after pleading guilty to money laundering offences. The court appointed a receiver to sell the non-cash assets, noting that the respondents' financial profiles did not account for the legitimate acquisition of the property.
Who, what, where, when and why
What: Report matter: Luxury watches worth €152k seized after investigation into international gang are proceeds of crime. Charges or matters: money laundering offences. Procedural stage: sentence
When:
- May 2020 Incident
- 2017 and 2021 Other
- 2006 and 2012 Other
- 2020 and 2021 Other
- 2022-11-17 Publication
Case subjects
Convicted Person
Charges: money laundering offences (Alleged Or Contested)
Outcome: Last year Jason Reed, from Maelduin, Dunshaughlin Co Meath, was sentenced to seven years imprisonment by the Special Criminal Court for money laundering offences. Also arising out of the same incident Dawson, a former partner of Rooneys', also with an address at Betaghstown Wood, Bettystown, received a fully suspended sentence of three years and nine months after she pleaded guilty to money laundering offences.
Places mentioned
- The High Court
- Special Criminal Court
- High Court
Topics
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