O’Brien stole millions to pay for houses and car

Businessman Breifne O’Brien used money stolen from investors to pay for an extension to his house, a new car for his wife, and the stamp duty on new properties, in a multi-million euro Ponzi scheme, a court has heard.

O’Brien will be sentenced on October 8, following his sentencing hearing at Dublin Circuit Criminal Court yesterday. The case was adjourned so it can be established why O’Brien has not yet compensated any of this victims.

O’Brien convinced long-standing friends from his days in Trinity College Dublin and family business associates that he was linked to property schemes in Paris, Manchester, and Hamburg, and a shipping insurance scheme.