Friday, November 10, 2006
Irish car trader guilty of money laundering
DUBLIN CIRCUIT Criminal Court has found used car salesman, James Naylor (37) guilty of money laundering.
Mr Dominic McGinn, prosecuting, told the jury that Naylor had a business arrangement with Michael Byrne who was involved in various criminal activities, including drug dealing and handling stolen vehicles.
Byrne bought cars with the proceeds of crime and gave them to the accused to sell through his legitimate car business.
Byrne was arrested in January 2002 at Dover ferry port in England in possession of a large amount of cash. He was later convicted of money laundering and jailed for six years.
The jury convicted Naylor on two charges of having motor vehicles "which represented another person's proceeds of drug dealing" and one charge each of possession of EUR 22,000 and of EUR 31,340 "which represented another person's criminal activity". The crimes happened on dates from March 2001 to July 2002.
Naylor was remanded on continuing bail for sentence later.
DATED: 10.11.06
FEED: AW
Mr Dominic McGinn, prosecuting, told the jury that Naylor had a business arrangement with Michael Byrne who was involved in various criminal activities, including drug dealing and handling stolen vehicles.
Byrne bought cars with the proceeds of crime and gave them to the accused to sell through his legitimate car business.
Byrne was arrested in January 2002 at Dover ferry port in England in possession of a large amount of cash. He was later convicted of money laundering and jailed for six years.
The jury convicted Naylor on two charges of having motor vehicles "which represented another person's proceeds of drug dealing" and one charge each of possession of EUR 22,000 and of EUR 31,340 "which represented another person's criminal activity". The crimes happened on dates from March 2001 to July 2002.
Naylor was remanded on continuing bail for sentence later.
DATED: 10.11.06
FEED: AW
