Men took in €5.5m in forestry investment fraud - court

David Peile from Avondale Court, Ballyguile in Wicklow and Garret Hevey of Brookdene in Shankill both pleaded guilty to charges in relation to fraudulent trading and deception against investors in a company.

Garret Hevey was a director of Arden Forestry Management, which the Dublin Circuit Criminal Court heard offered people a chance to make money in forestry through grant schemes and the selling of timber and forests. Investors were sent a welcome pack with false timber certificate and land folio documents endorsed by legitimate companies without their knowledge.

While some investors received small sums in return, the company, she said, was using late investors' money to pay early ones and robbing Peter to pay Paul.

Big money involved here fraud

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Tourism industry booming as it took in over €5 billion in 2018Figures from the CSO show spending in Ireland by overseas visitors rose by 5.6% year-on-year
Источник: IrishMirror - 🏆 4. / 98 Прочитайте больше »

Tourism industry booming as it took in over €5 billion in 2018Figures from the CSO show spending in Ireland by overseas visitors rose by 5.6% year-on-year
Источник: IrishMirror - 🏆 4. / 98 Прочитайте больше »