Garret Hevey and David Peile jailed for forestry fraud

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

Garret Hevey and David Peile were jailed for forestry investment fraud at Dublin Circuit Criminal Court, reported on 29 July 2019. Hevey received five years, with the final year suspended, while Peile received four years, with one year suspended.

The court heard that 143 foreign investors deposited about €5.5 million with Arden Forestry Management between January 2014 and mid-2016. The investments would have required about 858 acres of land, while the company owned only 30.2 acres when the fraud came to light.