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Michael Lynn wasn't registered owner of €2.7m loan properties, trial hears
Summary
The trial heard that Michael Lynn, aged 53, faces 21 theft charges for allegedly stealing about €27 million from seven banks. He denies all allegations. Prosecutor Arthur King presented evidence that Lynn applied for eight mortgages in September 2006, requesting 85 % of the properties' value (€2,742,000). He signed a loan offer, received a cheque for the full amount, and paid instalments in 2007 until payments stopped in September. Subsequent inquiries revealed Lynn had taken additional mortgages on the same properties from other institutions. Lynn was never registered as the owner, breaching two loan conditions: no legal charge on the properties and his lack of ownership. King argued that if the bank had known of false or misleading documents, the loan would not have been approved. John Kinsella, a partner at Kinsella Mitchell & Associates, testified that documents presented as statements of affairs were not produced by his firm and contained inconsistencies. Michael Lynn pleaded not guilty.
Who, what, where, when and why
What: Report matter: Michael Lynn wasn't registered owner of €2.7m loan properties, trial hears. Charges or matters: 21 counts of theft in Dublin between October 23, 2006 and April 20, 2007. Procedural stage: trial
When:
- September 2006 Hearing Or Sentence
- December 2006 Other
- September 2007 Other
- July 2006 Other
- October 23, 2006 Hearing Or Sentence
- April 20, 2007 Hearing Or Sentence
- 2022-02-22 Publication
Case subjects
Defendant
Charges: 21 counts of theft in Dublin between October 23, 2006 and April 20, 2007 (Alleged Or Contested)
Plea: Not guilty
Places mentioned
Topics
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