20/09/2012

Investment Sheme Operator Charged With Theft And Deception Of €11m

An investment scheme operator has appeared in court charged with 38 theft and deception offences totalling €11 million.

51-year-old Breifne O' Brien, with an address at Kilmore, Monkstown Grove in Monkstown, was arrested by appointment by detectives from the Garda Bureau of Fraud Investigation on Thursday morning.

Detective Sergeant Martin Griffin of the Garda Bureau of Fraud Investigation told the court that Mr O’Brien was arrested at 9am and, when the charges were put to him, replied “not guilty” to each one.

Mr O' Brien was granted bail after his mother, Mary O’Brien, put herself forward as an independent surety of €10,000.

She assured Judge Cormac Dunne that she understood the legal implications and her obligations in default and that she was acting in a voluntary capacity.

Judge Cormac Dunne remanded Mr O’Brien to appear again at the Dublin District Court in November.

(H)

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