Limerick man pleads guilty to money laundering over home renovation work

Richard Treacy (36) Downey St, Garryowen, Co Limerick, pleaded guilty and will be sentenced
A Limerick man has pleaded guilty at the Special Criminal Court to a money laundering offence relating to renovation work carried out at his home.
The matter was originally listed for trial and expected to last two weeks, but at the Special Criminal Court this morning, Richard Treacy (36) entered a guilty plea to the charge.
Treacy, of Downey St, Garryowen, Co Limerick, pleaded guilty that he, between January 1, 2014 and January 12, 2021, knowing or being reckless as to whether renovation work carried out at his home address was the proceeds of criminal conduct, did disguise the true source of the property.
The offence is contrary to section 7 of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010.
Ms Justice Karen O'Connor, presiding over the three-judge, non-jury court, put the matter back to July 21 next for sentencing.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Irish Daily Mirror

21 hours ago

• Irish Daily Mirror

Man arrested after over €100,000 of cannabis plants seized following Louth raid

One man has been arrested after Gardaí seized over €100,000 of cannabis plants following a Louth raid. Late last night Thursday, 19 June, as part of Operation Tara and ongoing investigations into the sale and supply of drugs and related criminal activity, Gardaí attached to the Dundalk Drugs Unit assisted by Dundalk Detective and Crime Units executed a search under warrant at a residence in Dundalk, Louth. During the course of the search, approximately 126 mature cannabis plants, with an estimated street value of €100,800 was seized (analysis pending), along with cannabis with an estimated value of €34,000 which was packaged and ready for onward sale and supply. A man, aged in his late 20s was arrested at the scene in connection with the investigation and is currently detained under Section 2 of the Criminal Justice (Drug Trafficking) Act, 1996 at a Garda station in Co. Louth. He has since been charged and appeared before a special sitting of Dundalk District Court this afternoon at 4pm on June 20. The drugs will be sent for analysis to Forensic Science Ireland (FSI). This seizure forms part of Operation Tara; an enhanced national anti-drugs strategy, which was launched by Garda Commissioner Drew Harris on July 2, 2021. The focus of Operation Tara is to disrupt, dismantle and prosecute drug trafficking networks, at all levels - international, national, local - involved in the importation, distribution, cultivation, production, local sale and supply of controlled drugs.

Irish Independent

a day ago

• Irish Independent

Revenue bill for storing and managing ‘drug ship' now totals €9.11m

That is according to new figures provided by the Finance Minister Paschal Donohoe who said that it is costing the Revenue Commissioners on average €120,000 per week to maintain and store the ship. The MV Matthew was seized on September 26, 2023, in a dramatic drugs operation off the south coast. On board gardaí and Revenue Customs officers found 2.2 tonnes of cocaine worth an estimated €157m. Eight men have pleaded guilty to offences arising from the drugs seizure and are due to be sentenced at the Special Criminal Court on July 4. The ship remains at Cork Harbour and in a written Dáil reply to Séamus McGrath (FF) on the costings, Mr Donohoe provided a breakdown of the €9.11m bill to the Revenue Commissioners from September 26, 2023, to the end of May. Mr Donohoe said: 'In relation to the costs, taking account of all payments made and charges pending, Revenue estimates that the average weekly cost of managing and maintaining the vessel is in the order of €120,000 per week.' He told the Cork South Central TD that the €9.11m bill is made up of €3.43m in crewing, €3.6m in maintenance and €2.07m in berthing, unberthing and movement of the vessel. He added that the maintenance costs included costs such as ship's stores and provisions, bunkering fuel, waste removal, miscellaneous repairs and maintenance, agent and professional fees and insurance. The Finance Minister stated that the bidding process for the sale of the MV Matthew by the Revenue Commissioners was concluded in the first quarter of 2025 and a preferred bidder was identified. He said that the Special Criminal Court on December 2, 2024, authorised the release of the MV Matthew, thereby facilitating its disposal. Mr Donohoe stated that 'I am assured by Revenue that the disposal of this vessel is a key priority and all necessary steps to complete its disposal as expeditiously as possible are being undertaken. 'The regulatory requirements as they apply to the MV Matthew are complex and ensuring compliance with these regulatory requirements is time consuming. Due to the complexities of the regulatory framework, it may be a further number of months before the disposal of the vessel will be completed,' he added.

Irish Times

2 days ago

• Irish Times

Men arrested in Greystones after home burglary interrupted by gardaí

Two men were arrested in Greystones after gardaí were called to the scene of a burglary at a home in the Wicklow town on Thursday afternoon. Gardaí from the Wicklow North Community Engagement area arrested the men in their 40s under Operation Thor, which was initially set up to tackle rural burglaries across the country. The arrests were made at around 2:30pm after gardaí responded to a report of an incident at a home. When they arrived at the property they conducted a search and discovered the men attempting to flee the scene. READ MORE They were found to be in possession of a bag with items that were identified as belonging to the homeowners. The items were subsequently returned to the owners. The two men were brought to Bray Garda station where they were being detained under Section 4 of the Criminal Justice Act, 1984. Investigations are ongoing.