Courts / Dublin / Report

Leading financial exec in bid to halt trial on alleged €1m theft and fraud offences

Date
2021-12-06

Stage
Appeal

Primary locality
Dublin

County
Dublin

Summary

William Kiely, a former Director of Corporate Finance at Cantor Fitzgerald Ireland, is appealing a High Court decision that allowed criminal proceedings to proceed against him for alleged theft and fraud offences. The case involves 15 counts under the Criminal Justice Theft and Fraud Offences Act, alleged to have occurred between August 2008 and February 2013, involving investors who claimed losses between €50,000 and €120,000 each, with a total alleged defrauded amount ranging from €750,000 to €1.2 million. Kiely, aged 49, was charged in July 2019 after an investigation that began in 2012. He argued that the delay in prosecution breached his right to a fair trial and sought a judicial review, which was rejected by Ms Justice Miriam O'Regan in March. He is now appealing that decision to the Court of Appeal, where his lawyers contend the delay was so great that prohibition of the proceedings is warranted.

Who, what, where, when and why

What: Report matter: Leading financial exec in bid to halt trial on alleged €1m theft and fraud offences. Procedural stage: appeal

When:

August 2008 Hearing Or Sentence
February 2013 Hearing Or Sentence
July 2019 Hearing Or Sentence
December 15 Hearing Or Sentence
2021-12-06 Publication

Why: In a written submission to the Court of Appeal, lawyers for the appellant said that the "delay in proceedings is of such a magnitude that he is entitled to prohibition because he has moved on with his life". CNI source report