27/03/2009
Cunningham Guilty Of Northern Cash Scam
An Irish financial adviser has been found guilty of 'laundering' cash from the £26.5m Northern Bank robbery in Belfast.
The majority of the jury at the trial of Ted Cunningham has today agreed his guilt over charges of laundering money from the infamous robbery after retiring to consider their verdict on Wednesday.
Irish state prosecutors said that Timothy 'Ted' Cunningham knew that more than £3 million traced to him was from the infamous December 2004 heist.
The 60-year-old, of Farran, Co Cork, had denied 20 offences linked to the 'dirty money' racket, which moved cash from Belfast to Cork in the Irish Republic.
The financier maintained that the £2.3 million discovered in a locked cupboard in the basement of his home on February 16, 2005 came from the cash sale of a gravel pit in Co Offaly to Bulgarian businessmen
Cunningham, 60, of Farran, County Cork, faces up to 14 years in jail.
A majority of the jury at Cork Criminal Court found him guilty on Friday after two days of deliberations.
A gang stole the money from the headquarters of the Northern Bank in Belfast in a raid widely blamed on the IRA.
(BMcC/JM)
The majority of the jury at the trial of Ted Cunningham has today agreed his guilt over charges of laundering money from the infamous robbery after retiring to consider their verdict on Wednesday.
Irish state prosecutors said that Timothy 'Ted' Cunningham knew that more than £3 million traced to him was from the infamous December 2004 heist.
The 60-year-old, of Farran, Co Cork, had denied 20 offences linked to the 'dirty money' racket, which moved cash from Belfast to Cork in the Irish Republic.
The financier maintained that the £2.3 million discovered in a locked cupboard in the basement of his home on February 16, 2005 came from the cash sale of a gravel pit in Co Offaly to Bulgarian businessmen
Cunningham, 60, of Farran, County Cork, faces up to 14 years in jail.
A majority of the jury at Cork Criminal Court found him guilty on Friday after two days of deliberations.
A gang stole the money from the headquarters of the Northern Bank in Belfast in a raid widely blamed on the IRA.
(BMcC/JM)
Related Irish News Stories
Click here for the latest headlines.
11 November 2019
Teen Due In Court Over Car Related Thefts
A man in his late teens is due in court over a burglary, an unauthorised taking of a car and thefts from six separate vehicles in the Castleconnell area of Limerick. The suspect was arrested on Sunday morning, 10 November following the incidents on Monday 16 and Tuesday 17 September.
Teen Due In Court Over Car Related Thefts
A man in his late teens is due in court over a burglary, an unauthorised taking of a car and thefts from six separate vehicles in the Castleconnell area of Limerick. The suspect was arrested on Sunday morning, 10 November following the incidents on Monday 16 and Tuesday 17 September.
31 July 2019
Warning Over Unauthorised Loan Firm
The Central Bank of Ireland has published the name of an unauthorised firm offering financial services. Evolve Cash Limited is advertising loans on its website and claiming to be regulated by the Central Bank but it holds no authorisation from the Central Bank as a retail credit firm, moneylender or otherwise.
Warning Over Unauthorised Loan Firm
The Central Bank of Ireland has published the name of an unauthorised firm offering financial services. Evolve Cash Limited is advertising loans on its website and claiming to be regulated by the Central Bank but it holds no authorisation from the Central Bank as a retail credit firm, moneylender or otherwise.
05 March 2015
AIB Returns To Profit
AIB returned to full-year profit in 2014, announcing €1.1bn profit for the year, compared with a loss of €1.7bn in 2013. This return, according to the Department of Finance, will amount to €20.8bn investment for the taxpayer over time.
AIB Returns To Profit
AIB returned to full-year profit in 2014, announcing €1.1bn profit for the year, compared with a loss of €1.7bn in 2013. This return, according to the Department of Finance, will amount to €20.8bn investment for the taxpayer over time.
29 October 2014
Increased Public Transport Fares From Saturday
The National Transport Authority (NTA) has approved plans to increase public transport fares. The fare increases will range from between 1% and 28%, with some coming into effect from this Saturday (1 November).
Increased Public Transport Fares From Saturday
The National Transport Authority (NTA) has approved plans to increase public transport fares. The fare increases will range from between 1% and 28%, with some coming into effect from this Saturday (1 November).
29 October 2013
Revenue Asking How You Plan To Pay Property Tax
Some 960,000 people are to receive a letter from the Revenue Commissioners asking them to indicate their preferred payment method for next year's collection of the Local Property Tax.
Revenue Asking How You Plan To Pay Property Tax
Some 960,000 people are to receive a letter from the Revenue Commissioners asking them to indicate their preferred payment method for next year's collection of the Local Property Tax.
-
Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.