AN ACCUSED drug dealer has been found with more than $178,000 in his Woree home, much of it stashed in his sock drawer.
Steven Edward Iverach’s Sandown Close home was raided by police on Wednesday, with officers allegedly finding 370g of cannabis, a set of scales and the money.

About $85,000 of the cash was allegedly found in a bedside chest-of-drawers.
Mr Iverach, 45, faced six charges in Cairns Magistrates’ Court yesterday, including possession and supply of a dangerous drug and possession of property suspected of being the proceeds of crime.
Police prosecutor Constable Katie Hall told the court police initially found 370g of cannabis in the home, which Mr Iverach allegedly claimed to own.
He also told police the set of scales was used to weigh 28g bags of cannabis, which were later sold for $200 each.
During a search of one of the home’s bedrooms, police found $13,180 in the top drawer of a bedside chest-of-drawers.
Mr Iverach allegedly told police all of the money, except about $5000, was his and used to buy cannabis before on-selling it.
A search of a second drawer then found $55,950 and $16,100 in separate bags, but Mr Iverach said the money was not his and belonged to friends.
Cairns police Tactical Crime Squad Sen-Sgt Jason Chetham said a safe was also seized and taken back to the police station where it was opened. He said it contained more than $93,000 in cash.
"Investigations are continuing into the origins of that money," Sen-Sgt Chetham said.
Defence lawyer Tom Eckersley successfully argued for Mr Iverach’s bail, saying it would likely take up to two years to finalise the cash-related charges, which would be contested.
Magistrate Robert Spencer granted bail and adjourned the case until February 18 for committal mention.





























having to go out like that through a major shopping centre on a Saturday morning wouldn’t have been the best and all those emergency services would have gathered a fair sort of a crowd. We covered him up as much as possible."

























