Young Letterkenny man pleads guilty to money-laundering

May 11, 2022

A young Letterkenny man has pleaded guilty to a number of money laundering charges totalling around €11,000.

Eoin McBrearty, of Gleann Eadan, Letterkenny appeared before Letterkenny Circuit Court where he was arraigned on a number of charges.

The 23-year-old was charged under the Criminal Justice (Money Laundering and Terrorist Financing) Act of 2010.

His first charge related to an incident on November 5, 2019, at Bank of Ireland.

He is charged with being engaged in converting, transferring, handling, acquiring, possessing or using the proceeds of criminal conduct, laundering €10,000, or thereabouts, credited to a Bank of Ireland account, while knowing that or being reckless as to whether or not the property was the proceeds of criminal conduct.

He is also charged with similar offences of €500 being credited to An Post and a further €429.50 credited to an AIB bank account.

McBrearty is also charged laundering money which were form the proceeds of the sale of illegal drugs.

He pleaded guilty to all charges.

His barrister Ms Fiona Crawford said her client had no previous convictions of any kind.

A Probation and Welfare Report was ordered in the case which was adjourned to October for final sentencing.