Courts / Dublin / Report
Letting agent who stole €70k in tenant deposits avoids jail
Summary
Richard Power, a 35‑year‑old letting agent, was found guilty of stealing €69,530 in tenant deposits from his employer, Wyse Property Management Ltd, between June 2018 and June 2020. He logged into the company system, altered tenant bank details to his own account to receive refunds, then reverted the changes before detection. Power admitted the theft and claimed a gambling addiction as context. He has repaid all but about €7,500 of the stolen money through personal savings and parental support. Judge Elma Sheahan sentenced him to three years' imprisonment, fully suspended on strict conditions, including repayment of the remaining amount within six months. Power, who had no prior convictions, is now unemployed, lives with his parents, and has lost his property‑management licence and a €5,000 fine.
Who, what, where, when and why
What: Report matter: Letting agent who stole €70k in tenant deposits avoids jail. Charges or matters: one count of stealing from his employer, Wyse Property Management Ltd, on dates between June 2018 and June 2020. Procedural stage: sentence
When:
- June 2018 Hearing Or Sentence
- June 2020 Hearing Or Sentence
- May 2020 Other
- 2022-02-28 Publication
Why: A letting agent who stole nearly €70,000 in tenant deposits from his employer over a two-year period to fund his gambling addiction has received a fully suspended sentence. CNI source report
Case subjects
Defendant
Charges: one count of stealing from his employer, Wyse Property Management Ltd, on dates between June 2018 and June 2020 (Admitted)
Plea: Guilty
Outcome: Passing sentence today, Judge Elma Sheahan noted that Power has now paid back all but approximately €7,500 of the stolen funds through a combination of his own savings and money from his parents. Judge Sheahan sentenced Power to three years imprisonment but suspended the sentence in its entirety on strict conditions, including that he pay back the outstanding amount within six months.
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