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Cash stash man jailed

Press Release   •   Oct 06, 2016 16:31 BST

Euros seized from car - NI 04 16

A County Armagh man who kept criminal cash stuffed in cupboards, a sports bag and even on his mantelpiece has been jailed.

Niall Fearon, 30, was today jailed for six months after HM Revenue and Customs (HMRC) found €138,505 and £35,420, as well as a cash counting machine, during a search of his Silverbridge property in April 2014. He will also serve eight months on licence.

Fearon told investigators there was no cash on the premises but substantial sums were found hidden throughout the house and in vehicles.

Steve Tracey, Assistant Director, Fraud Investigation Service, HMRC, said:

“Fearon’s house was stuffed full of unexplained cash. But HMRC is taking criminal cash out of circulation and no one is beyond our reach. The message is clear – crime doesn’t pay and if you try to reap benefits from a criminal lifestyle, we will come for you.

“If you know anyone who is evading their taxes, or handling large quantities of unexplained cash, you can report them by calling our 24-hour Hotline on 0800 59 5000.”

The Judge issued a forfeiture order at Newry Crown Court, so the cash seized by HMRC will be returned to the public purse.

Notes for editors

  1. Niall Fearon, DOB 23/03/1986, of New Road, Silverbridge, Newry, was sentenced to six months in prison, and eight months on licence, when he appeared at Newry Crown Court today (06 October 2016).
  2. Fearon pleaded guilty at an earlier hearing in September to the possession of criminal property, namely cash to the value of £35,420 or thereabouts and €138,505 or thereabouts, contrary to section 329(1)(c) of the Proceeds of Crime Act 2002.
  3. Follow HMRC’s Press Office on Twitter @HMRCpressoffice
  4. Photographs are available at HMRC’s Flickr channel:

Issued by HM Revenue & Customs Press Office

HM Revenue & Customs (HMRC) is the UK’s tax authority.

HMRC is responsible for making sure that the money is available to fund the UK’s public services and for helping families and individuals with targeted financial support.