Man charged in Kerry over suspected investment fraud

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Three victims reported losses totalling some €125,000.

Image: Shutterstock/Esin Deniz Image: Shutterstock/Esin Deniz A MAN HAS been arrested in Kerry in connected with suspected investment fraud which resulted in three people losing around €125,000.

The victims had all seen an article in a newspaper which offered an overseas investment opportunity with a “guaranteed return within 24 months”. However, no money was ever returned to the would-be investors.He was detained at Tralee Garda station and has since been charged. He is due to appear before Tralee District Court on 24 March.

Investment scams are often billed as opportunities to buy shares, bonds, cryptocurrencies, rare metals, overseas land investments or alternative energy.

 

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