Former solicitor Michael Lynn sentenced to five and a half years for theft of €17.9mForged signatures, ‘secret deals’ and a Brazilian prison: The full story of Michael Lynn’s Celtic Tiger theft trial
On this basis, he said, Lynn should receive a sentence of 5½ years, starting from December 20th last, when the jury found him guilty. The judge said the counts on which Lynn was found guilty involved the theft of approximately €18 million from six financial institutions, two of which had recovered some €5 million from the sale of mortgaged assets. The rest of the money had been lost, either to the banks or their insurers.
The jury was told that he obtained multiple mortgages on the same properties in a situation where banks were unaware that other institutions were also providing finance. The properties included Lynn’s €5.5 million home in Howth, Glenlion, and multiple investment properties.
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