Courts / Wicklow / Report
Michael Lynn guilty of stealing €17.9m from banks
Summary
In a Dublin Circuit Criminal Court hearing, a jury convicted former solicitor Michael Lynn on ten counts of theft, finding him guilty of stealing approximately €17.9 million from six financial institutions between 2006 and 2007. The verdicts were delivered after a two‑day, eight‑week trial and six and a half hours of deliberation. The jury could not reach a verdict on the remaining eleven counts, including a single count against Bank of Ireland alleging a €2.7 million theft. Judge Martin Nolan remanded Lynn in custody and set a sentencing date for 15 January. Lynn, who had pleaded not guilty to 21 theft charges, had previously been struck off the roll of solicitors and had spent time in Brazilian prison before extradition. The case centred on Lynn's alleged use of "off‑the‑books" agreements to obtain multiple mortgages on the same properties, a practice he claimed was common in Celtic Tiger Ireland.
Who, what, where, when and why
What: Report matter: Michael Lynn guilty of stealing €17.9m from banks. Charges or matters: 21 counts of theft in Dublin between October 23, 2006 and April 20, 2007, when he was working as a solicitor and property developer. Procedural stage: sentence
When:
- January 15 Adjournment
- October 23, 2006 Adjournment
- April 20, 2007 Adjournment
- April 2007 Hearing Or Sentence
- January 2007 Hearing Or Sentence
- September 2007 Incident
- 2023-12-20 Publication
Case subjects
Convicted Person
Charges: 21 counts of theft in Dublin between October 23, 2006 and April 20, 2007, when he was working as a solicitor and property developer (Alleged Or Contested)
Plea: Not guilty
Outcome: Judge Martin Nolan remanded him in custody after the verdicts were handed down and set a sentence date of January 15, next.; Judge Martin Nolan remanded him in custody after the verdicts were handed down and set a sentence date of January 15, next.
Places mentioned
Topics
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