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Irish High Court Ruling ‘Breaks New Legal Ground,’ Reports Local Media

The Irish High Court has ruled that a convicted man’s crypto, which was discovered after the initial investigation and sentencing, could be confiscated as “proceeds of a crime.”

Ireland’s High Court has ruled that 25,000 euro in cryptocurrency held by a man in prison is considered “the proceeds of a crime,” the Irish Times reported on Tuesday, Dec. 18.

The court “broke new legal ground”, the Irish Times states, while considering the case of Neil Mannion — a man reportedly serving a six-and-a-half year prison sentence at Wheatfield Prison in Dublin for drugs offences since 2014.

Mannion had reportedly admitted to selling drugs on the darknet, specifically on Silk Road and Agora. He was jailed at the Dublin Circuit Criminal Court in 2015 after purportedly pleading guilty to charges of possession and intent to distribute various controlled substances.

The Irish Criminal Assets Bureau (CAB) withdrew…

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2018-12-19 04:15:00

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Written by Cointelegraph

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