A Liverpool man has been granted bail by Deputy High Bailiff Alastair Montgomerie, but he has been told he must be electronically tagged.
Nineteen-year-old Jamie McArdle, of Norris Green, faces six counts of acquiring criminal property.
Other conditions are that he must live at an address in Ramsey's Waterloo Road, observe a 10pm to 8am curfew, report daily to the town's police station and not associate with any of his co-defendants.
He will appear in court again on February 8.
Should the horse tram tracks be fully reinstated?
Call in Tynwald for quicker decision
Ex-chief minister backs bid for alcohol sales on Steam Packet trips
Tony Brown says operator should be allowed to serve drinks within Manx 12-mile limit
Sod-breaking ceremony should mark 150th anniversary of horse tramway, suggests Victorian Society
"How nice it would be if they had someone special to dig the first sod"
Island's armed policing policies about resilience, not in response to a particular threat
Officers hope to reassure the public about how it's implemented here at a talk
Horse trams, hospital bed pressures and Middle East impact among issues for March Tynwald
Members will question ministers on healthcare capacity, flood defences, transport disruption and government services