A trusted and high-level member of the Kinahan cartel who was arrested with more than € 350,000 in cash was sentenced to seven years in prison by the special criminal court.
Jason Reed (40) also owned five luxury Rolex watches, an encrypted Aquarius phone, and had purchased a mobile home for cash, despite having no source of income.
Reed pleaded guilty last month to money laundering and possession of the proceeds of crime in a parking lot in Donore Road, Drogheda, Co Louth, while in possession of € 289,770 in euros and £ 62,025 (70 € 207) in cash in a blue Nike bag on the same date.
Reed, from Maelduin, Dunshaughlin, Co Meath, also pleaded guilty to money laundering at his home after € 32,330 and £ 390 (€ 441) were found there on May 11 last year.
On Monday in the Special Criminal Court, Presiding Judge Judge Tony Hunt said Reed was a “trusted middle to high level member of a transnational criminal organization.”
Judge Hunt said the organization entrusted Reed with “large” sums of money and helped a “pernicious organization to profit from the fruits of their destructive activities.”
The judge said Reed “appreciates the confidence of this serious criminal organization that was behind the scenes in this case.”
Judge Hunt said Reed’s behavior, unlike his convicted co-accused Catherine Dawson, was “not one-off but representative of a course of action,” as evidenced by the use of an encrypted phone, a vacuum packaging equipment and a secret compartment in his car operated by a remote key fob.
The judge noted that Dawson, the recipient of a bag of Reed’s money, while under Garda’s supervision, was driving a car with a prominent logo for a nursing home service.
The judge said the court did not accept Reed’s explanation to Gardaí that he bought the encrypted phone from Tesco because the supermarket was not selling them.
Judge Hunt set 10 years as the appropriate primary sentence for both offenses for Reed, who appeared in court wearing a blue sanitary apron and full-length face mask.
The judge said the maximum jail term for money laundering offenses was 14 years.
Acknowledging Reed’s guilty plea and the lack of relevant convictions, Judge Hunt sentenced Reed to seven years on both counts, both being executed simultaneously.
Speaking in the criminal courts after the conviction, Detective Chief Superintendent Angela Willis said money is the root of organized crime and the guards are focusing on the assets of major criminal gangs.
“Money is the foundation of organized crime. This is why criminals are involved in serious crimes, involving guns, drugs and murder. This is why An Garda Síochána focuses on the assets and money belonging to the main organized crime gangs, ”said Det Ch Supt Willis.
The head of the National Bureau of Drugs and Organized Crime of the National Guard said: “Organized crime gangs will always try to recruit people unknown to the guards – people who do not have criminal convictions – but move people around. money from organized crime is not victimless crime and the court has recognized that here today.