A jury has once again failed to reach a verdict in the second trial of Ciara Kelleher, a former senior portfolio relationship manager at Custom House Capital, who is accused of conspiring to defraud investors, clients, and customers of the firm. The alleged offenses took place between October 2008 and July 2011. Kelleher denies any wrongdoing.
Former senior manager accused of conspiring to defraud investors, clients and customers of Custom House CapitalA jury has once again failed to reach a verdict in the second trial of a financial services manager accused of being part of an alleged conspiracy to defraud investors in Custom House Capital over a decade ago.
It was the second trial in the case after a jury was unable to reach a verdict following a trial two years ago.Ukrainians question Kremlin’s desire to end war as EU warns against ‘appeasement’‘I met Gianmarco the day I finished the Inca trail in Peru. Today he is an Irish citizen’Judge Duffy thanked the jurors for the care and attention they gave to the case.
It was the prosecution’s case that transactions on CHC’s systems were backed out of property before valuations were issued to clients. These valuations were misleading and did not show clients the true location of their funds. It was the prosecution’s case that Ms Kelleher was aware and involved in a scheme to defraud investors in CHC. Ms Kelleher denies any wrongdoing.
In her speech, Anne Marie Lawlor SC, defending, said the case against her client was circumstantial and that there was “no direct evidence” that her client was involved in any agreement with others to defraud investors in CHC. CHC’s former chief executive Harry Cassidy , John Whyte , former head of private clients, and Paul Lavery , former head of finance, previously pleaded guilty to conspiring with others to defraud investors in, and clients and customers of Custom House Capital Ltd by intentionally misleading them as to where and/or how their assets had been placed contrary to common law.
When High Court inspectors were appointed to CHC in 2011, they found that €56 million of client money had been inappropriately transferred to property investments.
FINANCIAL FRAUD CUSTOM HOUSE CAPITAL INVESTOR SCAM TRIAL IRELAND
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