Ted Cunningham

Cunningham changes plea on Northern Bank robbery money-laundering charges

Pete Baker on February 18, 2014, 4:48 pm

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65-year-old Cork-based financier Ted Cunningham has re-joined the list of those convicted as a result of “Operation Phoenix”, a huge cross-border investigation into the December 2004 Northern Bank robbery – “involving anti-terrorist units, fraud squads and the Criminal Assets Bureau.” His original 2009 convictions, and his 10 year sentence, were overturned on appeal in 2012, after the Irish Supreme Court ruled that certain search warrants used had been unconstitutional. As an Irish Independent report noted at the time The three-judge [Court of Criminal Appeal] quashed …

Cunningham agrees to confiscation order for €343,520

Pete Baker on July 28, 2009, 7:21 pm

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Ted Cunningham, who received a 10 year sentence for attempting to launder more than £3million from the Northern Bank robbery, has consented to a confiscation order for €343,520 which he is to pay to the Irish State. The Irish Times report notes “Cunningham, who had been granted free legal aid by Judge Murphy, is appealing both his conviction and his sentence to the Court of Criminal Appeal but it may be next year before the appeal is heard.” The report …

Two new arrests in Northen Bank cash laundering investigation

Pete Baker on May 12, 2009, 3:03 pm

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With Cork-based money lender Ted Cunningham, and son, convicted and sentenced for laundering cash from the December 2004 Northern Bank robbery, it’s reported that there have been two new arrests in Operation Phoenix. From the RTÉ report. Last night, detectives involved in Operation Phoenix arrested two men in Cork. Both are prominent republicans and one in particular is said to have been active at a senior level in Sinn Féin in Munster. Iol report names the two men as former …

10 year sentence for laundering Northern Bank robbery cash

Pete Baker on April 24, 2009, 9:14 pm

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Cork-based money lender Ted Cunningham has been sentenced to 10 years after being found guilty of attempting to launder more than £3million from the Northern Bank robbery. RTÉ report here. His son, who pleaded guilty to one charge, received a 3 year suspended sentence. BBC NI’s Dublin correspondent Shane Harrison provides a report on the whole proceedings. Adds The iol report’s worth looking at. And From a separate iol report Pleading leniency, defence counsel Ciaran O’Loughlin SC told the judge …

Cunningham found guilty of laundering Northern Bank raid money

Pete Baker on March 27, 2009, 5:00 pm

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Previous post on the trial here. Archived post on the Northern Bank robbery here. The BBC reports the verdict. The RTÉ report adds – “Following four hours and 40 minutes of deliberation, the jury of seven men and five women found Cunningham guilty on all 10 counts by majority verdicts.” As the iol report notes Ted Cunningham, from Farran, Co Cork, in the Irish Republic, was found to have handled more than £3m (€3.3m) in stolen bank notes in the …

“in light of the business I was in it was not unusual for me..”

Pete Baker on March 14, 2009, 3:13 am

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As I said previously, “There’s still some way to go in the trial of Ted Cunningham on charges of laundering money from the Northern Bank robbery”. But he has been giving evidence today about his claim that “two men drove from England in a four-wheel drive to deliver the €800,000 to the churchyard 100 yards from his home in October 2004.” Which would have been before the Northern Bank robbery.. From the iol report. Tom O’Connell, prosecution senior counsel, asked …

“following the robbery of the Northern Bank..”

Pete Baker on March 20, 2008, 3:15 pm

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It’s three years since the discovery of £2.3million in sterling in a bin at his home in Cork and, as noted in this report, two years since the submission of a file to the DPP. Today Ted Cunningham has been arrested again and is reportedly due to be charged with money-laundering. A second man is also facing charges. From the BBC report A garda spokesman said the two men would be facing separate charges, with only one charged with money …