Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: MOProgress on December 19, 2018, 08:10:14 AM
-
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 his Bitcoin (BTC) revenues along with funds from banking accounts and credit cards in proceedings which where purportedly settled in February 2016.
Following further investigation, CAB found an online crypto wallet holding Ethereum (ETH) worth approximately 25,000 euro. Since Ethereum had not “started operating as a trading currency” at the time of the first proceedings, it was not considered in the initial investigation, states the Irish Times.
Read more at Cointelegraph