Criminal Assets Bureau To Auction Fraudster's House

The Criminal Assets Bureau (CAB) is to auction a house in Kenmare, County Kerry today.

The house was owned by Matthew Wallace Schachter who was found guilty of defrauding thousands of people in the US and Canada out of an estimated $25 million.

CAB has secured a High Court Order seizing assets and cash in Ireland worth almost €4 million from Mr Schachter.

The Bureau is hoping to return the money raised by the sale of the house and the cash seized to the US, to be distributed among Mr Schachter's victims.


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