Courts / Kildare / Report
Judgement date to be set in October in case of man wanted over alleged scheme to defraud banks
Summary
Patrick Lee, 41, of Newtown, County Kildare, is wanted by U.S. authorities for 51 offences including 29 counts of wire fraud, 6 of unlawful monetary transaction and 16 of aggravated identity theft. He allegedly participated in a scheme that defrauded U.S. banks and mortgage lenders by purchasing properties in Boston between 2006 and 2007, converting them into apartments, and using "straw buyers" to draw down mortgages that were never repaid. Lee is accused of forging appraisals and receiving about €1 million for his role. He denies all allegations. The case is adjourned to 7 October, when a judgment date will be set. Lee remains on continuing bail. The maximum penalty for the offences is 42 years' imprisonment. The proceedings are ongoing and no verdict has yet been reached.
Who, what, where, when and why
What: Report matter: Judgement date to be set in October in case of man wanted over alleged scheme to defraud banks. Procedural stage: charge_or_pretrial
When:
- October 7 Adjournment
- 2006 and 2007 Other
- 2014-07-29 Publication
Why: Counsel further submitted that his surrender should not be granted under Irish legislation because 30 of the alleged offences post dated the enactment of the Criminal Justice Act 2006 and should be treated as having been committed in Ireland. CNI source report
Case subjects
Accused
Outcome: Today Mr Justice John Edwards adjourned the case until October 7 next before remanding Mr Lee, who was present in court, on continuing bail.
Places mentioned
Topics
Fraud Stage Charge Or Pretrial Theft
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