A DUBLIN MAN has been charged with unlawfully acting as an investment firm, possessing crime proceeds and deception of five people around the country.
He faces nine charges, including four counts of money laundering under the Criminal Justice Act 2010, one under the Investment Intermediaries Act 1995 and deception contrary to the Criminal Justice Act 2001.Rathangan Garda Scott Brown told Judge Power that the accused was arrested on Wednesday at his home.He replied to charges: “I didn’t do any of that; these people were introduced to him by me, you know who I introduced them to.
Mr Smyth, who remained silent throughout the hearing, was ordered to appear again at the District Court in September for prosecutors to complete a book of evidence which must be served on him before granting a trial order. According to the four deception charges, he allegedly induced four named men and a woman to make multiple payments to make him a gain resulting in a loss to the alleged injured parties.