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.
Island falls silent to remember them
Two-minute silence held to mark Remembrance Sunday
Average wait of 11 weeks for Disability Living Allowance claims
Reduction in overall average since summer
Man sexually assaulted woman as she slept on beach
Deemster brands assault "quite horrific"
Appeal for Onchan FC memorabilia
Plan to furnish new club house with memories