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Ex-solicitor Michael Lynn operated ‘net of deceit’ to swindle €27m out of seven monetary establishments, courtroom advised

FORMER solicitor Michael Lynn operated a “net of deceit” as he swindled seven monetary establishments out of over €27million, a courtroom heard right now.

The 53-year-old has pleaded not responsible to 21 counts of theft.

Michael Lynn

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Michael Lynn
The jury was told they will hear how Lynn applied for finance for the purchase of home from three financial institutions and received over €11m in total

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The jury was advised they may hear how Lynn utilized for finance for the acquisition of house from three monetary establishments and obtained over €11m in completeCredit score: Alamy

An prolonged panel of 15 jurors is required for the Dublin Circuit Legal Court trial, which is anticipated to last as long as 14 weeks.

Opening the trial, prosecutor Patrick McGrath SC alleged he obtained a number of mortgages on the identical properties.

He advised the jury they may hear of a way repeatedly adopted by Lynn, the place he misled establishments leading to him stealing their cash.

Counsel mentioned this was the place the ex-lawyer utilized for mortgages to at the least two — and infrequently extra — totally different monetary establishments who then lent him the money unaware of the opposite functions.

‘WEB OF DECEIT’

He mentioned paperwork offered in these functions have been untruthful and taking the mortgage cash was theft.

Mr McGrath mentioned that’s “the broad brush of the scheme” and “the online of deceit” which underlined the functions.

Most learn in The Irish Solar

He advised the jury they may hear how Lynn utilized for finance for the acquisition of a Dublin household house from three monetary establishments and obtained over €11m in complete.

Lynn, with an tackle at Millbrook Court docket, Crimson Cross, Co Wicklow, is accused of theft from Ulster Financial institution, Financial institution of Eire Mortgages Financial institution Ltd, Financial institution of Scotland Eire Ltd, Danske Financial institution, ACC, Irish Life and Everlasting, and Irish Nationwide Constructing Society in Dublin from October 23, 2006 to April 20, 2007. Trial earlier than Choose Martin Nolan continues.

https://www.thesun.ie/information/8340986/solicitor-michael-lynn-web-deceit-million-court/ Ex-solicitor Michael Lynn operated ‘net of deceit’ to swindle €27m out of seven monetary establishments, courtroom advised

Fry Electronics Team

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