A High Court judge has ruled that items, including 14 luxury watches worth over €150,000 and a mobile home seized by CAB as part of a follow-up money laundering investigation, are the proceeds of crime.
The order was issued by Judge Alexander Owens regarding several assets that the CAB had seized from convicted felons Jason Reed, Thomas Rooney and Catherine Dawson.
CAB said Jason Reed, Rooney and Dawson are members of an international organized crime gang involved in the trafficking of drugs and firearms.
CAB had also sought the restraining orders against Jason Reed’s wife, Charlotte Reed.
The bureau had claimed that she had profited from her husband’s criminal activities but was not involved in any criminal activities.
Dawson, Rooney and Jason Reed, who they say know each other, were found guilty of laundering more than €400,000 in cash for a criminal organization.
They were all arrested and charged after they were observed exchanging large sums of money by members of the Garda’s National Drugs and Organized Crime Bureau in Drogheda in May 2020.
Last year, Jason Reed of Maelduin, Dunshaughlin Co Meath was sentenced to seven years’ imprisonment by the Special Criminal Court (SCC) for money laundering offences.
Rooney of Betaghstown, Bettystown, Co Meath was sentenced to six years for non-jury CSC money laundering offenses in relation to the same incident.
Thomas Rooney. Photo: Collins Courts
Also following the same incident Dawson, a former Rooney partner also with an address in Betaghstown Wood, Bettystown received a three-year, nine-month suspended prison sentence after pleading guilty to money laundering offenses. silver.
In follow-up transactions, CAB seized several assets which it claims were in the possession and control of the Respondents at the time.
Among the items seized from the respondents were 14 men’s and women’s 18-karat gold luxury watches, by manufacturers such as Raymond Weil, Audemars Piguet and Rolex.
They had a combined value of €152,000. A mobile home in Co Wexford and amounts of cash totaling €22,000 were seized from Jason Reed, CAB claimed.
The office said all assets were acquired with the proceeds of crime.
She based her claims on grounds such as that the Reeds were known to customs, that their income, social profiles and bank accounts could not justify the legitimate acquisition of the property.
Catherine Dawson. Photo: Collins Courts
The Reeds, CAB said, had a lifestyle beyond their legitimate means and spent more than €58,000 at the Brown Thomas store in Dublin between 2017 and 2021.
CAB added that similarly, a financial analysis of Dawson and Rooney’s records did not uncover any transactions that could explain their purchases of goods and luxury goods.
Rooney had placed bets totaling €85,000, with losses of €81,000 between 2006 and 2012, CAB said. The alleged betting account was operated with funds from unknown sources, which the CAB said came from the proceeds of criminal activity.
No claims have been made to the property and CAB’s claims have not been opposed.
In a High Court ruling where the office sought certain orders under the Proceeds of Crime Act 1996, Judge Owens said he was satisfied the mobile home, money and luxury watches were the proceeds of crime.
“There seems to be a superfluity of watches floating around here,” the judge said, adding that he himself had “only one watch.”
The court also found that amounts of cash totaling £22,000 seized from Reeds’ home, and Mr Reed’s person in 2020 and 2021, and a Cosalt Super 32 mobile home seized in Co Wexford following an investigation of the CAB are also the proceeds of crime.
The judge, considering the items as proceeds of crime, also appointed a receiver over the non-cash assets, which are to be sold.