Courts / Dublin / Report
Custom House Capital executives due in court next week over fraud conspiracy
Summary
Four senior executives of Custom House Capital have been directed to appear before Dublin Circuit Criminal Court on 8 March following guilty pleas to fraud-related charges. Between October 2022 and January 2023, former chief executive Harry Cassidy, former head of private clients John Whyte, head of finance Paul Lavery, and non-executive director John Mulholland entered pleas of guilty to conspiracy to defraud investors and neglectful discharge of directorial duty. The pleas relate to allegations that the executives intentionally misled clients regarding asset placement between October 2008 and July 2011. Publication of the pleas was delayed pending the trial of co-accused Ciara Kelleher, senior portfolio relationship manager, whose jury failed to reach a verdict at Dublin Circuit Criminal Court. Judge Orla Crowe adjourned proceedings pending the defendants' appearance next week.
Who, what, where, when and why
What: Report matter: Custom House Capital executives due in court next week over fraud conspiracy. Charges or matters: conspiring with others to defraud investors in and clients and customers or Custom House Capital Ltd by intentionally misleading them as to where and/or how their assets had been placed contrary to common law. Procedural stage: trial
When:
- January 17, 2023 Hearing Or Sentence
- November 7, 2022 Hearing Or Sentence
- January 13, 2023 Hearing Or Sentence
- October 17, 2022 Other
- October 1, 2008 Adjournment
- July 15, 2011 Adjournment
- March 8 Adjournment
- 2023-03-01 Publication
Case subjects
Co Accused
Charges: conspiring with others to defraud investors in and clients and customers or Custom House Capital Ltd by intentionally misleading them as to where and/or how their assets had been placed contrary to common law (Alleged Or Contested)
Outcome: Judge Orla Crowe adjourned the case and directed that the four defendants should appear in court on the next date, March 8.
Defendant
Plea: Guilty
Outcome: Judge Orla Crowe adjourned the case and directed that the four defendants should appear in court on the next date, March 8.
Defendant
Charges: conspiring with others to defraud investors in and clients and customers or Custom House Capital Ltd by intentionally misleading them as to where and/or how their assets had been placed contrary to common law (Admitted)
Plea: Guilty
Outcome: Judge Orla Crowe adjourned the case and directed that the four defendants should appear in court on the next date, March 8.
Defendant
Charges: conspiring with others to defraud investors in and clients and customers or Custom House Capital Ltd by intentionally misleading them as to where and/or how their assets had been placed contrary to common law (Admitted)
Plea: Guilty
Outcome: Judge Orla Crowe adjourned the case and directed that the four defendants should appear in court on the next date, March 8.
Places mentioned
Topics
Related court reports
- Man charged with having 56k child abuse images and videos remanded on bail
- Ex-Dáil hopeful's allegations against former employer 'complete fantasy', WRC told
- Mater must pay €10k to worker who said he was wrongly accused of abusing patient
- 'I think we know I won't be getting bail' - Daniel Kinahan charged with directing criminal organisation
- Letting agent who claimed alleged domestic violence victim abandoned tenancy by fleeing to refuge must pay €14.7k
- 77-year-old with 470 convictions told Luas staff to 'f**k off'
If a fact, identity, locality or legal outcome needs review, email the newsroom with this report's details prefilled.
Email a correction request