Suleman Mazhar jailed for two years for money laundering and cyber fraud in Cork
Suleman Mazhar, a 43-year-old man formerly of Moneygourney, Douglas, Co Cork, pleaded guilty at Cork Circuit Criminal Court in May 2025 to money laundering cryptocurrency and using a computer to commit theft through his website cashoutempire.com, which offered false bank accounts, credit cards, malware and ransomware. The computer offence spanned September 2020 to March 2022 and the money laundering offence spanned June 2020 to July 2021. He was arrested in May 2022 following a year-long joint investigation by gardaí and the FBI, during which cryptocurrency worth €80,000 at the time, now valued at €200,000, was seized and forfeited to the State. On 9 May 2025, Judge Helen Boyle sentenced him to two years on each count to run concurrently, backdated to when he first entered custody.
- Reportednot reported
- Arrestednot reported
- Chargednot reported
- In courtnot reported
- Convicted1 May
- Sentenced9 May
Key facts
consolidated from all reports- What happened
- He operated cashoutempire.com offering false bank accounts, credit cards, malware and ransomware, and held cryptocurrency in a Coinbase account in his name as proceeds of crime.
- Where
- He was formerly of Moneygourney, Douglas, Co Cork.
- When
- The computer offence spanned September 2020 to March 2022 and the money laundering offence spanned June 2020 to July 2021.
- Investigation
- He was arrested in May 2022 following a year-long joint investigation by gardaí and the FBI.
- Gardaí seized bitcoin, ethereum, litecoin, dogecoin, monero, XLM, dash and cardano worth €80,000 at the time, now valued at €200,000.
- Charges
- He pleaded guilty to money laundering and using a computer to commit theft (cyber fraud).
- In court
- The case was heard at Cork Circuit Criminal Court before Judge Helen Boyle, with Jane Hyland SC acting for the defence.
- Sentence
- He was sentenced to two years on each count to run concurrently, backdated to when he first entered custody.
- Other details
- The seized cryptocurrency was forfeited to the State.
- There was no evidence of anyone else being involved in the fraud operation.
- Mazhar came from Pakistan to Ireland in 2002 with his family and later moved to Cork with his partner and three children.
33 statements extracted from the articles
- whatHe obtained payments for goods and services offered at cashoutempire.com (irishtimes.com)
- whatHe offered false bank accounts and credit cards to customers (irishtimes.com)
- whatHe offered malware designed to disrupt or damage IT systems (irishtimes.com)
- whatHe offered ransomware that disrupts IT systems until a ransom is paid (irishtimes.com)
- whatGardaí seized bitcoin, ethereum, litecoin, dogecoin, monero, XLM, dash and cardano (irishtimes.com)
- whatThe seized cryptocurrency was worth €80,000 at the time and is now worth €200,000 (irishtimes.com)
- whatHe set up a website offering false bank accounts and credit cards. (irishtimes.com)
- whatHe also provided malware and ransomware. (irishtimes.com)
- whatThe money laundering related to cryptocurrency in a Coinbase account in his name being proceeds of crime. (irishtimes.com)
- whatThe computer offence involved obtaining payments for goods and services at cashoutempire.com. (irishtimes.com)
- whereMazhar was formerly of Moneygourney, Douglas, Co Cork. (irishtimes.com)
- whenThe computer offence spanned from September 2020 to March 2022 (irishtimes.com)
- whenThe money laundering offence spanned from June 2020 to July 2021 (irishtimes.com)
- whenThe money laundering took place between June 2020 and July 2021. (irishtimes.com)
- whenThe computer offence occurred between September 2, 2020 and March 11, 2022. (irishtimes.com)
- investigationDet Sgt Wes Kenny of the Garda National Cyber Crime Unit gave evidence at the hearing (irishtimes.com)
- investigationHe was arrested in May 2022 following a year-long investigation by gardaí and the FBI. (irishtimes.com)
- investigationGardaí seized cryptocurrency including Bitcoin, Ethereum, Litecoin, Doge Coin, Monero, XLM, Dash and Cardano. (irishtimes.com)
- investigationDet Sgt Wesley Kenny of the Garda National Cyber Crime Unit presented the case. (irishtimes.com)
- chargeMazhar pleaded guilty to two counts of cyber fraud including money laundering cryptocurrency (irishtimes.com)
- chargeHe pleaded guilty to money laundering and using a computer to commit theft. (irishtimes.com)
- courtJudge Helen Boyle adjourned sentencing to 9 May 2025 (irishtimes.com)
- courtDefence counsel was Jane Hyland SC (irishtimes.com)
- courtJane Hyland, SC, acted for the defence. (irishtimes.com)
- courtThe case was heard at Cork Circuit Criminal Court. (irishtimes.com)
- sentenceMazhar was jailed for two years on each count to run concurrently. (irishtimes.com)
- sentenceThe sentence was backdated to when Mazhar first entered custody. (irishtimes.com)
- otherThere was no evidence of anyone else being involved in the fraud operation (irishtimes.com)
- otherMazhar came from Pakistan to Ireland in 2002 with his family (irishtimes.com)
- otherHis family operated a chip shop on the South Circular Road in Dublin (irishtimes.com)
- otherHe moved to Cork with his partner and three children (irishtimes.com)
- otherThe €80,000 in cryptocurrency is now worth €200,000 and has been forfeited to the State. (irishtimes.com)
- otherMazhar operated on his own with no evidence of anyone else involved. (irishtimes.com)
The reporting
newest first- 9 May2025Cork man jailed for two years for money laundering in cyber fraud case
Sentencing report: Mazhar received two years on each count to run concurrently, backdated to when he first entered custody. The €80,000 in cryptocurrency (now worth €200,000) was forfeited to the State. The case followed a year-long joint investigation by gardaí and the FBI.
convicted, Suleman Mazhar, 44, male, named, non-irish (judged from name)Suleman Mazhar - 1 May2025Man pleads guilty to fraud and laundering cryptocurrency now worth €200,000
Details of the guilty plea hearing: range of products offered (false bank accounts, credit cards, malware, ransomware), types of cryptocurrency seized, mitigation about his Pakistani background and family, and adjournment of sentencing to 9 May 2025.
accused, Suleman Mazhar, 43, male, named, non-irish (judged from name)Suleman Mazhar