Michael Lynn convicted of theft of almost €18m in Dublin

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

Michael Lynn was convicted of stealing almost €18 million at Dublin Circuit Criminal Court on 20 December 2023. He had been accused of taking around €27 million from seven financial institutions between 23 October 2006 and 20 April 2007.

The jury’s verdict followed a second trial, after jurors in the first trial were unable to reach a verdict. Lynn had pleaded not guilty to 21 theft counts.

The prosecution said Lynn obtained multiple mortgages on the same properties without the banks knowing other institutions were also providing finance. The defence argued that banks knew how he intended to use the money; the jury was told it must acquit if it accepted that explanation.