Courts / Dublin / Report
Manager not a 'goalkeeper' in scheme to defraud CHC investors, defence tell jury
Summary
Ciara Kelleher, 51, of Dublin 7, pleaded not guilty to one count of conspiring to defraud investors in Custom House Capital (CHC) between October 2008 and July 2011. Defence counsel Michael Bowman argued that Kelleher was not a "goalkeeper" who would have prevented the disclosure of client fund locations. He claimed she was not brought into the inner circle by CHC executives and only encountered relevant accounts when escalated to her. Bowman highlighted emails showing Kelleher's attempts to clarify client instructions and to resolve issues with the finance department, rather than to facilitate a conspiracy. He also noted her efforts to transfer client money to a better‑yielding institution and her cooperation with Appian Asset Management. The trial judge has begun directing the jury, with proceedings to continue tomorrow.
Who, what, where, when and why
What: Report matter: Manager not a 'goalkeeper' in scheme to defraud CHC investors, defence tell jury. 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 2008 Incident
- July 2011 Incident
- July 11, 2011 Hearing Or Sentence
- 2023-02-21 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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