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Convicted Killer Pleads Guilty to Money Laundering

LIMERICK, IRELAND, JUL 21 – Richard Treacy, with no legitimate income, admitted spending €100,000 of criminal proceeds on home renovations in Limerick, according to prosecution and court records.

  • On Monday, Richard Treacy used €100,000 for home renovations in Garryowen, Limerick, despite having no legitimate income.
  • Court records show Richard Treacy previously pleaded guilty to money laundering, relating to renovations between January 1st, 2014 and January 12th, 2021, at a house registered in his mother's name.
  • During the June 17th, 2020 search, Gardaí found €4,000 in a sock drawer, €500 and €600 in a kitchen cupboard, and €3,900 in sterling, and Detective Garda Ronan O'Reilly said Treacy claimed only the €4,000 came from a family member.
  • Ms Justice Karen O'Connor adjourned the matter to October 20th, Fiona Murphy said, citing the court's need for finalisation and noting it was `well able to draw a clear blue line`.
  • Highlighting the defence's comparison, Lorcan Connolly SC argued that this isn’t a `standard case` where gardaí found €100,000 in cash, considering the seven-year span.
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Gript broke the news in on Monday, July 21, 2025.
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