Eamon Shield jailed four years for car pyramid scheme

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Eamon Shield was jailed for four years for stealing over €178,000 in a fictitious car pyramid scheme at Dublin Circuit Criminal Court, reported on 29 July 2016. The court heard he promised 12 people he would double their money within 60 days, using a fictitious business involving repossessed cars. Judge Patricia Ryan described the offending as premeditated. Shield was sentenced to four years in prison, with no part of the term suspended. He had previously been convicted of fraud, and €55,000 was returned, but none of the investors recovered all their money.