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Onchan man jailed for money laundering

More than 300,000 Euros stolen from french company

An Onchan man has been sentenced to three years and two months in prison for money laundering offences.

Elton Edwin Sheldon, of Ballachrink Drive, appeared for sentencing at Douglas courthouse today.

At an earlier appearance, he'd been found guilty of four counts of money laundering and one offence contrary to the Forgery Act 1952.

Sheldon had tried to pass more than 300,000 Euros stolen from a company in France through a Manx bank account.

He then tried to move 230,000 Euros of it from the Island to China.

The money had been stolen via a 'sophisticated online attack', according to the Isle of Man Constabulary, which has spent the last two and a half years pursuing the case.

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