Two men have been jailed for a fraud in which they induced dozens to invest more than €5 million in a forestry investment scam.
Det Insp Catharina Gunne told Dublin Circuit Criminal Court these investments would have required about 858 acres of land to be serviced but the company only owned 30.2 acres of land when the fraud came to light. Mr Wahlstrom, a Finnish national, had invested €52,000 in February 2016 and in May he contacted the company and asked to visit his investment. He also asked to be taken to the land registry.
On returning home he carried out his own inquiries and was “dismayed” to find the land registered to someone else, Det Insp Gunne said.
2 men Conned People out of 5.5m For Fake Investment. Blatant Fraud .Robbery .Description Greed . One Got 5 years Sentance with one suspended . Other Con Man Got 4 years with one suspended ? Crime pays
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Two men jailed over €5.5m forestry investment fraudScheme involved the same parcels of forestry land being sold again and again to different investors Nice little number if u can get away with it ..so much for Land register data !!!
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