Ciara Kelleher, 51, of Blackhorse Ave., Dublin 7 has pleaded not guilty at Dublin Circuit Criminal Court to one count of conspiring with Harry Cassidy, John Mulholland, John Whyte, Paul Lavery and others to defraud investors in and clients and customers of Custom House Capital Ltd. by intentionally misleading them as to where or how their assets had been placed in the investment firm.
Mr Staines said this scheme was put in place within CHC in 2008 and 2009, at the time of the financial crash. Mr Staines said the company"exhibited signs of a classic Ponzi scheme" in the later stages as money invested by clients was not being used for what they thought, but for another purpose. He said it is the State's case that it is"absurd" that someone with Ms Kelleher's background did not think it was wrong to issue inaccurate statements.
John Whyte was investment director and head of private clients, and owned around 5 per cent of the shares in the company.
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Woman to stand trial charged with conspiracy to defraudA former financial services worker is to stand trial charged with allegedly conspiring with others to defraud investors over a decade ago.
Source: RTEbusiness - 🏆 16. / 61 Read more »