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. Counsel said that “sadly the deal was too good to be true”. He said that €800,000 was transferred into the account of Anglo Irish Global Ltd controlled by Mr Gold and that €673,000 of this was transferred by Mr Gold into other accounts within days of it being lodged.Mr Staines told the jury that it was the prosecution’s case that four Irish men were seeking loans of large sums of money. At the time due to the financial crisis banks were not lending large loans, he said. 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. Counsel said that a quarry business owner, a dairy farmer, and two men involved in the construction sector transferred an approximate total of €75,000 into various accounts. 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. Mr Staines said that documentation submitted by the four men while seeking their loans was discovered on Mr Gold’s computer during a search by gardaí of the accused’s home. He said it was the prosecution’s case that Irish Nationwide Bank is not an actual bank and that what purported to be bank drafts from Irish Nationwide Bank which were found on the accused’s computer were in fact false instruments. Mr Staines said that the prosecution alleges that while purchasing a computer from Harvey Norman, Mr Gold used a false driving licence in the name of Niall O’Donoghue. He said the prosecution alleges Mr Gold dishonestly operated that computer with the intention of making a gain.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Religious congregations yet to fully honour compensation dealsAbout €250m of €1.5bn has been paid to survivors from agreements in 2002 and 2009
Read more »
Plans announced for €1 billion 'Luas' for Cork cityThe light rail service would run from Ballincollig to Mahon Point through the city and is among many other plans for Cork and the surrounding areas
Read more »
Almost €1.74m paid to charities from court poor box in 2018One-quarter of total paid in Tralee District court with bulk of money going overseas
Read more »
Leitrim man on trial for allegedly deceiving five men into giving him almost €1.8 millionSimon Gold is alleged to have used a false ESB bill to open a bank account for an entity titled Anglo Irish Global Ltd
Read more »
Lotto players urged to check tickets after two players win big'If you are one of these lucky winners be sure to sign the back of your ticket and get in touch with our prize claims team on 01 836 4444'
Read more »