2024-02-16
Fraudsters jailed over €5.5m Ponzi scheme targeting retired investors are made liable for debts
Stage: Sentence
Plea: Guilty
Outcome: Photo: Collins) The High Court has ruled that two fraudsters who were jailed for targeting retired investors through a €5.5m forestry investment "Ponzi scheme" should be made personally liable for the company's debts. Hevey was sentenced to a total of four years imprisonment, which was increased to six years following an appeal by the DPP.