CAB seizes €700k worth of cars and watches from gang that cons elderly
A gang involved in conning elderly people through bogus home improvement work has been dealt a significant blow by the Criminal Assets Bureau.
More than 100 gardaí were involved in 11 searches around Killarney, Co Kerry, early yesterday morning targeting the crime group.
In total, CAB officers seized nine high-end vehicles worth around €600,000, more than €100,000 and luxury watches including Cartier and Rolex brands.
CAB officials have also frozen a number of bank accounts linked to the criminal gang and seized documentation which they believe is linked to the proceeds of crime.
The target of the raids are a group of criminals in the area who are linked to a significant number of bogus home improvement works.
In some instances, members of the gang conned elderly pensioners out of more than €20,000 after intimidating them and forcing them to pay for renovations.
This included tarmacadam and house renovations and involved inflated prices being charged to homeowners.
In other examples, the crime gang was paid up front but never carried out the necessary work.
Gardaí suspect that the gang amassed thousands of euro from the con over the last decade.
In a number of cases suspects linked to the group were jailed after being convicted.
A senior source last night said that the CAB raids illustrated the large sums this gang had made from such scams.
"The large value in cash and high-end cars seized shows how much money this gang is making from intimidating and threatening people for bogus work to be carried out."