Businessman accused of €11m investment fraud

20.09.2012

Categories: Investment, Law, Finance

Businessman Breifne O’Brien appeared in court today charged with the theft of more than €11m.

O’Brien, with an address in Monkstown, Co Dublin, faces 38 charges in total.

He pleaded ‘not guilty’ to each.

He is accused of operating an investor fraud, which stole more than €11m from five alleged victims.

The charges are reportedly the result of an investigation into allegations of deception over a collapsed investment scheme.

O'Brien's mother agreed to pay a bail bond of €10,000 and he will appear again in court in November to receive the book of evidence.

He surrendered his passport to the Gardaí and undertook not to apply for a duplicate one.

Karina Corbett

Categories: Investment, Law, Finance

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