Where's the money gone?

Well, I’m not sure how to treat this, but according to an Irish government source, the IRA is ploughing untraceable bank notes from the Northern job into property in Britain. The same report also clais that a large amount of stolen cash was laundered at the recent Cheltenham Festival – despite heightened police surveillance at the time.

  • Davros

    Chris was less than impressed with this story on Balrog.
    Quite blunt about it in fact LOL

  • irelands32

    Last I heard they were making a bid for Neverland!

    Unbelievable the utter tripe that keeps emanating from this case

  • Circles

    Apparently it was an inside job and its all being put into the Hugh Orde Ear Reduction Fund. Anything left over will go to the Gerry Adams Orthodentic fund, hopefully allowing him to decommission his beard before talks resume.

    well thats what the sources have been telling ME

  • alex s

    love the way certain bloggers dismiss this story as nonsense, have’t the Provos been laundering money for years, what else did they take it for, stuffing pillows, and before we get ‘threads’ proclaiming the Provos inocence even Gerry has stopped denying they did the job

  • Everything Ulster (formerly Beano)

    *yawn* I grow tired of this story.

    If this “unnamed source” knows what’s going on why does he not do something useful like, oh, I don’t know, tell the police? Stop it?

    Most people already believe the IRA did it. Their supporters don’t. Stories like these won’t change the minds of either they just bore the believers and agitate those who deny it.

  • Circles

    Spot on EU.
    A no-news piece of news.
    This ball has been kicked up and down the pitch so many times the leathers’ come off and all thats left is the bladder.

  • Everything Ulster (formerly Beano)

    Alex, I firmly believe the Provos did it, but these stories won’t change anyones mind when they’re based entirely on hearsay. We need convictions.

  • J Kelly

    How would you launder money at Cheltenham. Are you guaranteed to win, and if you do are you not left with more money you cant explain. These stories are fantasy and yet we still do not have any evidence.

    There must be some red faces at PSNI HQ at the senior meetings, Northern Bank, we know who dunnit but cant prove it, any leads, no, any forensics, no, well what have you, it was the provos because it was. And we all know they dunnit.

  • George

    Cheltenham is one of the few places someone won’t look at you funny if you hand them a wad of sterling, that is why it is so good for laundering. It has been used for that before.

    You don’t have to explain the money you win as this will be clean.

  • J Kelly

    So George do you back non runners or do you just take a chance.

  • George

    You just take your chances J Kelly.
    You never get 1:1 on dirty money so you play the percentages. A substantial each-way bet on a short-odds favourite each way would probably give you more than from your average fence.

    What Cheltenham has going for it is that millions in cash is handed over by thousands of people in one place over a very short period of time. You can’t control it and it is almost impossible to say who bet what.

  • mickhall

    Leaving aside who actually robbed the bank, I found this story very interesting as it demonstrates just how easy it is to launder large sums of cash. The mistake people make is they think the robbers expect to get a £ for a £ with their bent money, which as George points out is not the case. The beauty of this method is if asked, they can say they won it on a horse, (bookies rarely remember a face) thus they can go on and purchase property etc with their winnings with little real fear of having it snatched by the State.…

  • spirit-level

    mickhall .. sounds great.. I’m really tempted 😉

  • twinkilcooleywithcoxsdemesne

    The shortest priced favourite at Cheltenham was Baracouda – beaten into second at 6/5. It paid £1.20 on the Tote for a place – that is 1/5 on.

    A hypothetical £100K e/w would have reaped a mere £20K back – a loss of £180K.

    A glance through the results for the four days of the festival reveals few other short priced “good things;” and if anybody was so foolish as to wash their money through the ring they would have invariably taken a hammering.

    Further, the largest bet recorded at the meeting was £200K – placed by a well known face.

    There are better ways to launder such cash these days, such as through online casinos.

  • Aaron

    There are better ways to launder such cash these days, such as through online casinos.

    Maybe I’m being really naive here, but surely that wouldn’t work. How could you get using dirty money in an online casino without leaving a paper trail?

  • factfinder

    Surely if you put money on a horse and it wins then you will in all probability get your dodgy money back. What is the point.

  • factfinder

    If the CO sends the volunteers over to do bets,whats to stop them from saying they lost it all.

  • Davros

    If the CO sends the volunteers over to do bets,whats to stop them from saying they lost it all.

    Doubtless they would be reminded of what happened to others who have abused funds in the past before being sent….

  • factfinder

    If it was me they would have to find me first. although that would be easy just look in the carribean .

  • jamesquigley

    Does anyone really know who robbed the northern bank? There’s not a credible shred of evidence… other than that of hugh orde and those who wish it to be the IRA. And if it was the provos hurray for leaving a kitty in the ruc bar, the fancy dress costumes left over from halloween (theres a bench warrant out for not returning them) came in handy.

  • DaithiO

    Course it was the IRA, a bloke in the pub said ! Oh and errr, I read it in The Sun, it must be true !

    As the man on that Blog said, if the notes are untraceable there is no story ! zzz …..

  • DerryTerry

    Just a little private running tally on the Northern Bank robbery.

    45 of the PSNI’s top detectives working 8 hours a day for the last 101 days and no evidence.

    A total of 36,360 detective hours, and counting, and we’re still waiting for evidence, arrests and prosecutions.

    When did Hugh Orde say he would resign if he was wrong?

  • factfinder

    If you read it in the Sun it must be true, when was the last time they told lies? Sorry and easier question would be when was the last time they did’t tell porkies.
    I suppose the best way to solve a crime is to find a motive, so who has the most to gain from this robbery?
    Bring in British and Irish PMs, DUP, SDLP and Unionist Leaders for questioning.

  • Ringo

    DT –

    Greetings from Planet Earth.

    As a matter of interest, how exactly do you know they have no evidence?

  • DerryTerry

    Sorry Ringo, once again my ignorance got the better of me and i humbly thank you for setting me back on the straight and narrow.

    Of course they have plenty of evidence. Of course they have arrested those responsible. Of course they have recovered the van. Of course they’ve found the money in the company of P. O’Neill and of course the last 101 days of top investigative work has made the work a better place.

    By the way, when did you get back to Planet Earth and did you enjoy the trip?

  • Ringo

    So you’re basing this whole ‘no evidence’ theory on the fact that you yourself are unaware of any evidence?

  • DerryTerry

    I don’t have to base it on anything. All i have to say, as I said on day 1 and as i’m saying on day 101, is if anyone believes they know who did it, then show us the evidence.

    If they know something we don’t then tell us and if they don’t, do us a favour, and give over.

  • irelands32

    Ringo

    Couple of simple facts:

    1)NO evidence (you know the currency that courts accept) has been produced 3 months on

    2)NO money has been linked to the heist..Oh hang on a minute my mistake there was some. Hidden behind a tiled wall in a bathroom in a RUC/PSNI club

    Now try to tell me that this isn’t a cause for concern that the Peace Process is in turmoil because of wild/unfounded accusations. Even if you believe that the Provos did it..YOU NEED PROOF

    Simple

  • Ringo

    DT –

    I don’t have to base it on anything

    Good man, DT. Reality merely acts as a constraint on your creativity.

    irelands32 –

    At least there is a basis for your argument, but :

    1) There is no evidence that you are aware of. Evidence is produced in court, so this is meaningless anyway. Do you think it is usual for evidence to be presented before a trial takes place? I never even saw that happen on Matlock.

    2) Money has been linked to the raid by the security forces in the Republic. It is your choice as to accept this at face value or not.

    Now try to tell me that this isn’t a cause for concern that the Peace Process is in turmoil because of wild/unfounded accusations. Even if you believe that the Provos did it..YOU NEED PROOF

    It is clear you don’t really believe they didn’t do it. You’re playing for a draw.

  • irelands32

    Ringo

    Granted that evidence is produced in court BUT no evidence was produced to Bertie Ahern/Blair. Ahern admitted that he went ‘on the word’ of British Inteligence. This is NOT evidence..”it is my firm belief” is NOT evidence..This is evident

    WRONG… no money has been conclusively linked to the Northern heist in the 26 counties. That is the media once again, and wishful thinking on many a people’s part. This is simply untrue.

    As for me clearly believing they didn’t do it..Well wrong again. I admit that the Provos well have the capability to carry out such an action and maybe even the conviction to do so BUT it is not only the Provos that have this will and capacity to carry out such an act…. AND an important piece of this jigsaw once again comes down to evidence. This is lacking. I don’t mean the Matlock variety just some simple facts instead of “firm beliefs” from a one sided judicial/governmental point of view

  • DerryTerry

    Ringo, that must have been some trip. Just in case you haven’t recovered yet let’s do this once more.

    I do not know who robbed the Northern Bank. I do not claim to know who robbed the Bank.

    The day after the Bank was robbed I didn’t claim to know who robbed it. 100 days later i still don’t know who robbed it.

    Others, your delightful self amongst them, do apparently know who robbed it.

    I’m just wondering how? What are you basing this on?

  • Belfast Gonzo

    What are you basing this on?

    Gerry Adams’ statements maybe?

  • Ringo

    irelands32 –

    Go on, say it straight – you don’t believe they are in the clear.

    DT –

    You seem pretty certain you know who didn’t do it…. Or is the Easter Bunny after telling you that Santa mightn’t exist?

  • Roger W. Christ XVII

    “Hidden behind a tiled wall in a bathroom in a RUC/PSNI club”

    I still haven’t been able to track down a source for this “tiled wall” claim. Would anyone care to indulge me and correct my suspicion that this is a bit of hyperbole introduced by the republicans ?

  • irelands32

    “I still haven’t been able to track down a source for this “tiled wall” claim. Would anyone care to indulge me and correct my suspicion that this is a bit of hyperbole introduced by the republicans ?”

    heard it all now 🙂

    The amount of spin put on the Provos and Sinn Fein regards this heist from the Provos buying property in London to buying a bank in Eastern Europe (yes kids you heard that right buying a bank) and you have the gall to accuse republicans of hyperbole because the ONLY I repeat ONLY bit of money conclusively traced(serial numbers are a wondeful thing) right back to the Northern Bank job was found in a RUC members club AND by reports in various press hidden very well

    Ringo, straws…grasping…at……rearrange please

    I am NOT Gerry Adams so please stop trying to change my words. The fact is that I don’t know who did it just like everybody except the people who did it BUT I do think that the Brits are as much capable(and have as much motive) as carrying this out as the Provos as do dissident elements. I wouldn’t include loyalists as I just don’t think that have the intelligence to be included

  • Davros

    One small problem with your thought processes here ireland32 – you ( rightly IMO) point out that loyalists wouldn’t have the intelligence to be included in the list of suspects …. so how likely is it that elelments in the security forces who might have the motive and intelligence to organise and carry out this abduction, terrorisation and robbery would be so STUPID as to leave any of the proceeds in such a place ? Now if this had been found in Connolly House or in DunBombin in Gortahurk, you might have a case LOL

  • irelands32

    “so how likely is it that elelments in the security forces who might have the motive and intelligence to organise and carry out this abduction, terrorisation and robbery would be so STUPID as to leave any of the proceeds in such a place ?”

    Probably as STUPID as the Americans who photographed their torture of Iraqi prisoners……………….or did the Provos do that too?

  • DerryTerry

    Ringo, i don’t know who robbed the Northern Bank. I’m absolutely certain I don’t know who robbed the Northern Bank.

    You, on the other hand, seem very certain you know who robbed the Northern Bank. Why is that? How is that?