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Money mule in €160k fraud given year to come up with restitution
Summary
Ian Coughlan, 45, of Newcastle Manor Close, pleaded guilty in Dublin Circuit Criminal Court to four charges of possessing €159,250, believing or being reckless about whether it was the proceeds of crime, in relation to Allied Irish Bank and Bank of Ireland accounts used in an international invoice redirection fraud between June and October 2016. Gardaí investigated a fraudulent payment of €39,251 received into his AIB account from a Turkish aviation company that had been instructed to change supplier bank details; the money was never received. A warrant was obtained and Coughlan was arrested on 17 May 2017. Further evidence showed a French plastics company transferred €120,000 into his Bank of Ireland account after being directed to amend supplier details. Coughlan claimed he was approached by Nigerian men offering a 10% share of the cash, but he never received this cut.
Who, what, where, when and why
What: Report matter: Money mule in €160k fraud given year to come up with restitution. 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 account and a Bank of Ireland account on dates between June and October 2016. Procedural stage: sentence
When:
- October 2016 Incident
- May 17, 2017 Incident
- 2021-11-10 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 account and a Bank of Ireland account on dates between June and October 2016 (Admitted)
Plea: Guilty
Outcome: She added that if at the end of this period there was satisfactory compliance and there are concrete proposals to restitution, she would consider a non-custodial sentence.; Having previously adjourned the case, Judge Greally said that she would place Coughlan on a bond for one year to keep the peace and engage with the Probation Service. "During the course of next year he can apply his mind to how he can make good the financial loss in this case," she said.
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