Man, 60s, arrested at Knock airport over alleged investment fraud

Gardaí arrested a suspect over an alleged €1 million fraud – as he “prepared to fly out of the country”, it has emerged.

The arrest was made by detectives from the Garda National Economic Crime Bureau who have been investigating the businessman for at least a year. The suspect can be detained for up to 24 hours. “The arrest relates to an investigation into investment fraud. More than 65 complaints have been made to An Garda Síochána from persons who were deceived and lost approximately €1.2 million in total, between 2016 and 2022.

Sources say the man ran an investment scheme from an office in Co Dublin. He offered investors the chance to make a profit on items they could purchase from him - but it’s alleged he took the cash and used it to fund his own lifestyle.

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