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Man let his back account be used for invoice frauds totalling €159k
Summary
Ian Coughlan, 45, of Newcastle, Co Dublin, pleaded guilty in Dublin Circuit Criminal Court to four charges of possessing €159,250, believing or being reckless about whether it was proceeds of crime, from an Allied Irish Bank and a Bank of Ireland account between June and October 2016. Gardaí investigated a fraudulent payment of €39,251 from a Turkish aviation company that was redirected to a Ukrainian supplier; the company later discovered the fraud when the money was never received. A warrant was obtained to search Coughlan's home, and he was arrested on 17 May 2017. Further evidence linked a French plastics company that transferred €120,000 into his Bank of Ireland account after being instructed to change supplier bank details. Coughlan admitted that Nigerian men had asked him to use his account for business, offering him a 10% cut, but he never received it.
Who, what, where, when and why
What: Report matter: Man let his back account be used for invoice frauds totalling €159k. Charges or matters: four charges of engaging in possessing a total of €159,250, believing or being reckless as to whether it was the proceeds of crime at an Allied Irish Bank and a Bank of Ireland account on dates between June and October 2016. Procedural stage: sentence
When:
- October 2016 Incident
- May 17, 2017 Incident
- November 9 Adjournment
- 2021-07-13 Publication
Case subjects
Defendant
Charges: four charges of engaging in possessing a total of €159,250, believing or being reckless as to whether it was the proceeds of crime at an Allied Irish Bank and a Bank of Ireland account on dates between June and October 2016 (Admitted)
Plea: Guilty
Outcome: Judge Greally adjourned the case to November 9, next, when counsel will make a plea in mitigation on behalf of Coughlan.
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