Fraudster ‘still living lavish lifestyle’
Karl McCaughley, aged 38, admitted to having a passion for cars and had owned two Porsches, one Mercedes 4x4, and one Landrover. Last week, he arrived at a garda station in a brand new Mini Clubman to offer €800 off the €123,000 he defrauded Cork City Council.
The investigation into the fraud had continued since 2009 but McCaughley had repaid nothing until last week when he made a payment of €25,000 from a life assurance bond and a second payment of €800.
