Richard Treacy jailed for two years and eight months over money laundering

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

The Special Criminal Court sentenced Richard Treacy to two years and eight months in prison after he pleaded guilty to money laundering connected with €100,000 spent on renovations to his home in Downey Street, Garryowen. The offence covered conduct between January 1, 2014 and January 12, 2021, involving renovation work that Treacy knew or was reckless as to whether it represented proceeds of crime.

The court said the offending involved a significant sum over seven years and helped criminality to function. It set a four-year headline sentence, reduced by one third to two years and eight months. It also ordered £3,900 and €4,000 seized from the house forfeited to the State; it made no forfeiture order for separate sums of €600 and €515 after accepting they were savings and social welfare payments.