The exchequer is set to benefit to the tune of over £400,000 from the criminal activities of the Felloni family. Today the High Court ordered that DPP appointed receiver to collect all the assets of Regina Felloni and lodge them in one interest bearing bank account. The money will ultimately be handed over to the State. Similar orders have already been made against the assets of Ms. Felloni's father Tony and her brother Luigi.
In 1995, over a year before the Criminal Assets Bureau was established, the Dublin North Central Drugs Unit took a decision to target the assets of members of Felloni family. This investigation ran side by side with criminal prosecutions and led to the freezing of money and assets which the Fellonis had amassed through their drug trafficking activities.
Tony Felloni is now serving 20 years for drug offences and the State has recovered £80,000 from him. His son Luigi also convicted of drug offences had over £23,000 recovered and confiscated. Finally today, Regina Felloni, still in prison, had £300,000 confiscated. Ms. Felloni had stashed close to £115,000 in bank accounts in Dublin. Nearly £19,400 was recovered in sterling bank drafts and £2,000 in cash. A house in Mellows Road in Finglas will now be sold by public auction and a 1994 Nissan Micra car will also be put on the market.
Receiver Frank Cassidy has been given the power to realise these assets and invest them. A final court order will be needed to hand the money over to the State. Ms. Felloni also has £70,000 sterling in bank accounts in Belfast and Liverpool. Counsel for the DPP did not seem any court order for this money today.
Today's court order against Regina Felloni brings to a close this four year innovative Garda investigation. The Fellonis were pursued under 1994 legislation prior to the setting up of the Criminal Assets Bureau.
