Leitrim man faces 22 charges including money laundering, theft and deception
Mr Staines said Mr Gold also admitted to operating the company Elite Bank Group andMr Staines said it was the prosecution’s case that a very wealthy Danish businessman, who people might describe as “a high net worth individual”, met with a German lawyer and agreed to put €1.6 million in two instalments into an account they would both have access to with the promise of a return of 25 per cent each month for 12 months.
He said the four men were deceived into transferring what they believed were down payments into bank accounts controlled by Mr Gold in order to secure the loans. None of the loans ever came through for the four men. He said that Mr Gold returned €10,000 to one man, claiming that it was out of his own pocket and that another man had run off with the entire sum of €30,000.
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