Glen Walsh, aged 27, stole almost €500,000 from AIB in Crumlin Cross over a period of six months by handing out cash to his co-accused, David Vickery, aged 27, who then used the money to place bets.
The pair would then use the winnings to reimburse the bank, but after bets were lost during the 2010 World Cup, there was an ultimate shortfall of €40,000.
A third man took over Vickery’s role of placing bets with the stolen cash in April 2010 but this man was never prosecuted.
Imposing suspended one-year sentences on both men, Judge Patricia Ryan said they had breached the trust of their employer, but that the bank had been “fully re-compensed” and neither was likely to reoffend.
Walsh was also ordered to attend counselling for gambling addiction at the direction of the Probation Service.
Walsh, of Kilakee Grove, Firhouse, pleaded guilty at Dublin Circuit Criminal Court to theft of €40,000 from AIB Crumlin Cross West between January 1 and June 2010. He has no previous convictions.
Vickery, of Sycamore Drive, Kingswood Heights, Tallaght, pleaded guilty to two charges of possessing €10,000 in stolen money at Boylesports, Terenure, on January 15, 2010 and Paddy Power, Belgard Rd, on April 6, 2010. He has a minor conviction for a road traffic offence.
Detective Garda Michael McGrath said that Walsh and another colleague were the victims of a tiger kidnapping in June 2010.
A gun was put to the other man’s head while Walsh was forced to go to the bank in Crumlin to take out €210,000. The men were shown pictures of their respective families and serious threats were made against them. The AIB was shut down that day because of the raid and an immediate audit was carried out which led to the discovery of Walsh’s theft.