Cork man admits to eight counts of money-laundering totalling more than €120k

A Mitchelstown man who admitted eight counts of money-laundering in respect of sums totalling more than €120,000 will be sentenced on March 2.

Michael Creed, aged 41, of 1 Moher Crescent, Mitchelstown, Co Cork, confirmed previously entered signed pleas of guilty when he was arraigned at Cork Circuit Criminal Court.

Defence barrister Paula McCarthy asked for a probation report.

She added that there were mental health issues in the background to the offending, and was also looking for a GP’s report on her client.

Judge Helen Boyle directed preparation of those reports, and adjourned sentencing until March 2027.

The money laundering offences took place between August 2023 and May 2024 and the charges showed that they involved sums ranging from €4,000 to €28,000.