Courts / Dublin / Report
Manager an 'integral part' of scheme to defraud CHC investors, prosecution say
Summary
The State presented Ciara Kelleher, a former financial services manager at Custom House Capital (CHC), as an "integral part" of a decade‑old scheme to defraud investors. Prosecutor Lorcan Staines argued that Kelleher, who worked for a property‑investment company during the 2008‑2011 crash, was aware that clients received incorrect information about the location of their money. He cited email chains from October 2010 indicating that CHC could not afford more regulatory trouble, and noted that Kelleher had extensive knowledge of the firm's procedures. Kelleher denied knowing about these issues until 2011 and claimed she had no concerns about the process. The prosecution maintained that a large amount of client money was misappropriated and that Kelleher's role was pivotal in misleading investors. The defence urged the jury to preserve the presumption of innocence and questioned the relevance of alleged meetings with the Central Bank. Ciara Kelleher pleaded not guilty.
Who, what, where, when and why
What: Report matter: Manager an 'integral part' of scheme to defraud CHC investors, prosecution say. Charges or matters: one count of conspiring with others to defraud investors, clients, and customers of Custom House Capital (CHC) Ltd by intentionally misleading them as to where or how their assets had been placed in the investment firm. Procedural stage: trial
When:
- October 2010 Other
- July 11, 2011 Other
- October 2008 Incident
- July 2011 Incident
- 2008 and 2011 Other
- 2023-02-20 Publication
Case subjects
Defendant
Charges: one count of conspiring with others to defraud investors, clients, and customers of Custom House Capital (CHC) Ltd by intentionally misleading them as to where or how their assets had been placed in the investment firm (Alleged Or Contested)
Plea: Not guilty
Places mentioned
- Custom House
Topics
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