 Written by a www.MoneyLaundering.ie Guest Contributor Subscribe to our news service at HERE AN alleged money launderer had the proceeds of a “romance fraud” totalling more than €255,000 in a bank account, it has been alleged.
The case against Ayo Egbon (37) was further adjourned for DPP directions when he appeared in Dublin District Court. Mr Egbon, with an address at Broomhill House, Swords Road, Dublin is charged with a money laundering offence. He is accused of acquiring, possessing, using, or converting €255,472, allegedly in a Permanent TSB account in his name, knowing or reckless to it being proceeds of crime, between February 2017 and February 2020. The accused was charged in February this year following a Garda National Economic Crime Bureau (GNECB) investigation. When Mr Egbon came back before Dublin District Court today, Judge Gerard Jones asked the prosecuting garda for a summary of the case. The court heard it was alleged the accused laundered €255,000 into his Permanent TSB account, the proceeds of a romance fraud. The alleged injured party was in Finland, the garda said. Source:
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Subscribe to our news service at HERE Gardaí have seized over €300,000 worth of cash in Dublin.
The discovery was made at an industrial unit in Dublin 3 on Thursday, as part of a money laundering investigation in Clontarf. Gardaí found two large suitcases containing the money. Officers are investigating the unauthorised distribution of prescription medications linked with cosmetic and beauty treatments. No arrests have been made. https://www.breakingnews.ie/ireland/gardai-seize-e300000-in-dublin-as-part-of-money-laundering-investigation-1605573.html Subscribe to our news service at HERE Two people have been arrested in Dublin in relation to money laundering offences, the Corporate Enforcement Authority has said.
A man and a woman were arrested by CEA officers this weekend in connection with an ongoing investigation into suspected company law, theft and fraud, and money laundering offences. Both people were detained at a Dublin garda station. The maximum detention period is 24 hours. Established in July 2022 under the Companies (Corporate Enforcement Authority) Act 2021, the CEA is tasked with investigating suspected breaches of company law. https://www.thejournal.ie/man-and-woman-arrested-over-money-laundering-offences-6323192-Mar2024/ 20240312 - Man ‘sucked into’ laundering vast sums of money for crime boss after meeting in pub14/3/2024 Subscribe to our news service at HERE A 48-year-old Sligoman laundered vast sums of money through two bank accounts for crime boss known as ‘Dublin Jimmy’ after meeting him in town centre pub.
Edward Killian stated he almost fell to the ground on seeing news reports of the death of Cyril McGuinness nicknamed ‘Dublin Jimmy’ as he only realised then on viewing his photographs who he had been dealing with. Sligo Circuit Court heard that Killian naively became the sole director of a company through which he laundered money for McGuinness. Killian, who is single, thought he was helping the criminal mastermind avoid VAT and went along with the laundering after being promised he would be looked after with money at the end but he never received anything. ‘Dublin Jimmy’ came to national prominence during the investigation into the abduction and torture of Quinn Industrial Holdings director Kevin Lunney https://www.sundayworld.com/crime/courts/man-sucked-into-laundering-vast-sums-of-money-for-crime-boss-after-meeting-in-pub/a1444679199.html Subscribe to our news service at HERE The two men facing charges of human trafficking and money-laundering have been remanded in custody with consent to bail following a court appearance in North Cork.
It is alleged the accused were part of a criminal gang that brought people from Slovakia to Ireland and exploited their labour. Sergeant Majella O’Sullivan told the court the State was awaiting instructions from the DPP and asked for both men to be remanded in custody. Slovakians Marian Vavrek, 46, of Kontiki, Rooskey, Co Roscommon, and Ladislav Bubencik, 32, of Railway Road, Charleville, Co Cork, appeared before Judge Colm Roberts. Mr Bubencik faces three counts of human trafficking and 20 counts of money laundering. Mr Vavrek faces three counts of human trafficking and one count of money laundering. The court heard Mr Vavrek had not taken up bail that was granted by Judge John King last week and Judge Roberts expressed concern he may not fully understand the conditions. Judge Roberts said he was extending legal aid to allow for the terms of bail to be translated into Slovakian and fully explained to him. The court heard Mr Bubencik's brother, who was acting as surety, had brought €20,000 to court as required under his bail conditions. Judge Roberts accepted the surety. Both men were remanded in custody with consent to bail with the next hearing date fixed for Mallow District Court on March 26. https://www.irishexaminer.com/news/arid-41351377.html Subscribe to our news service at HERE A 21-year-old Tralee man has pleaded guilty to four charges including money laundering relating to sums totalling over €50,000.
Tralee Circuit Criminal Court was told that the case of Fortunatus Ankomah of Rath Óraigh, Tralee, is the latest to arise from a major operation by gardaí. Fortunatus Ankomah pleaded guilty to three counts of converting, transferring, handling, acquiring, possessing, or using property which he knew, believed to be, or was reckless as to whether or not it was the proceeds of criminal conduct. This is an offence under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010. The first count related to a sum of €10,000, which was credited to an AIB account on 19th January 2021. The second count related to a sum of almost €22,000, which was credited to a separate AIB account on a date between 21st January and 26th January 2021. The third count related to a sum of almost €20,000, again credited to a third separate AIB account between March and June of 2021. Mr Ankomah also admitted to one charge relating to organised crime, whereby he enhanced the ability of a criminal organisation to commit money laundering, by participating in or contributing to an activity of that organisation. Subscribe to our news service at HERE Mark Scott was convicted in November 2019 of laundering a total of almost $400m in his role within One Coin pyramid scheme run by notorious 'Cryto Queen' Ruja Ignatova.
Subscribe to our news service at HERE Ayo Egbon, 37, is accused of keeping more than €255,000 of crime proceeds in a Dublin bank account.
A judge has barred a man accused of keeping more than €255,000 of crime proceeds in a Dublin bank from using any “dating and matchmaking websites”. Ayo Egbon, 37, of Broomhill House, Swords Road, Dublin, was charged under money-laundering legislation. He is accused of acquiring, possessing, using, or converting €255,472, allegedly in a Permanent TSB account in his name, knowing or reckless to it being proceeds of crime. The offences allegedly took place from February 2017 until February 2020. The case follows a Garda National Economic Crime Bureau (GNECB) investigation. Subscribe to our news service at HERE The now 26-year-old woman was before Letterkenny Circuit Court on money laundering charges related to sums totalling €3,000 which she allowed to pass through her Revolut account.
A former ATU Donegal student who admitted being reckless in allowing her Revolut account to be used for money laundering has received a deferred sentence. Detective Garda Gerard McCready gave an outline of the case against Ms Balogun, who now lives and works in London. He told how a sum of €3,000 came into Ms Balogun's Revolut account from the bank account of another person on various dates in June, 2020. The money came in ten different instalments of €300. The funds later left Ms Balogun's account and the bank account it was transferred to was closed in August 2020. Subscribe to our news service at HERE Here is a money laundering typology for those looking for a type of #financialcrime #tradefinance case.
➡️ 535kgs of drugs were imported from Mexico into Cork Port at Ringaskiddy [Ireland] in October 2023, concealed in a purpose-built electromagnetic metal separator, according to court reports of the hearing. Customs officials discovered the machine with the drugs inside it so well concealed it was almost impossible to detect, the court was told. ➡️ it is the biggest seizure of crystal meth in Ireland. He is chief executive of Ballyseedy Home and Garden Centre issued a heartfelt statement on its social media pages ➡️ the seizure of €32.8m worth of crystal meth resulted in the arrests and charges last Friday of:
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