A trusted, high-level member of the Kinahan gang who was caught with more than €350k in crime cash has been jailed for seven years by the Special Criminal Court.
Jason Reed (40) was also found to have five luxury Rolex watches, an encrypted Aquarius phone and to have bought a mobile home for cash, despite having no source of income.
Reed pleaded guilty last month to money laundering and possessing the proceeds of crime at a car park on Donore Road, Drogheda, Co Louth, when he was in possession of €289,770 and £62,025 (€70,207) in cash in a blue Nike bag.
Reed, of Maelduin, Dunshaughlin, Co Meath, also pleaded guilty to money laundering at his home after €32,330 and £390 (€441) was found there on May 11 of last year.
At the Special Criminal Court yesterday, presiding judge Mr Justice Tony Hunt said that Reed was a “trusted, mid-to-high level member of a transnational criminal organisation”.
This story is from the July 06, 2021 edition of Irish Daily Star.
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This story is from the July 06, 2021 edition of Irish Daily Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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