Courts / Kildare / Report

Wanted Irish man alleged to have defrauded numerous US banks

Date
2014-02-19
Stage
Charge Or Pretrial
Primary locality
Kildare
County
Kildare

Summary

Patrick Lee, 51, is wanted for extradition to the United States on 51 alleged offences, including 29 counts of wire fraud, 6 counts of unlawful monetary transaction and 16 counts of aggravated identity theft. He is accused of participating in a scheme that defrauded US banks and mortgage lenders by purchasing properties in Boston between 2006 and 2007, converting them into apartments, and using "straw buyers" to obtain mortgages that were never repaid. Lee allegedly forged appraisals, was not a licensed appraiser, and received about €1 million for his role. The scheme involved real‑estate lawyers and the use of forged documents to secure loans, resulting in foreclosures and significant losses for lenders. Lee denies all allegations, claims he was arrested in 2012, and argues that extradition would expose him to cruel treatment and violate his constitutional rights. The case is before Mr Justice John Edwards.

Who, what, where, when and why

What: Report matter: Wanted Irish man alleged to have defrauded numerous US banks. Procedural stage: charge_or_pretrial

When:

Why: Counsel said the affidavit was sent to the US authorities and in response, Mr Lee was told not to worry about it because he was not a terrorist. CNI source report

Places mentioned

Residence
Court Venue
  • High Court
Facility
  • US prison

Topics

Fraud Stage Charge Or Pretrial Theft

Related court reports

Read the original CNI report

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