Once described as the "poster boy for the worst excesses of the Celtic Tiger", fraudster businessman Breifne O’Brien has been jailed for seven years for running a Ponzi scheme that cost his victims millions of euro.

The High Court is being asked to stop the Irish Turf Club carrying out a disciplinary hearing tomorrow into allegations of suspicious betting.

A senior judge said yesterday that he believes “bouncy castles were created by lawyers and supervised by barristers”.

Socialite and businessman Breifne O’Brien is to stand trial accused of deception and theft of about €11m in an alleged investment fraud.