Mayo duo face charges over alleged Bitcoin money laundering scheme
The two defendants appeared before Castlebar District Court.
Two Achill residents who are charged over an alleged Bitcoin money laundering scheme have had the book of evidence in their case pushed back to October 20, after a court heard the file contains a large number of exhibits.
Daniel Cafferkey, Shore Road, Cashel, Achill, faces 11 charges, including five counts of money laundering, following a Garda National Cyber Crime Bureau operation that saw searches carried out at two residential properties on the island last October.
The most serious charge relates to an allegation that he transferred and possessed Bitcoin worth €97,214.86 while knowing it to be the proceeds of criminal conduct.
Andrea Escobar, also of Shore Road, Cashel, Achill, faces two counts of money laundering linked to the same investigation. The Director of Public Prosecutions has directed trial on indictment.
Gda Sgt Fiona Farrell told Castlebar District Court that the cyber bureau had carried out an extensive investigation but would need more time to prepare the book of evidence. She said a hearing date had been set for October 20.
Judge Vincent Deane granted the extension to October 20 and remanded the defendants on continuing bail.
- Published as part of the Courts Reporting Scheme
