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.
Red weather warning issued for coastal overtopping
It will come into effect on Tuesday at 2:30pm
Motorists' post about 'raised metal' raises awareness for other drivers
Claire Losh had two flat tyresÂ
Emergency road closure extended following landslip
Inspections have been taking place this morning
20mph drop-in session in the south today
It's part of the Department of Infrastructure's ongoing consultation