Fraudster Breifne O’Brien ruled bankrupt

Convicted fraudster Breifne O’Brien has been adjudicated bankrupt by the High Court.

Two years ago, the former businessman was given a seven-year prison sentence for inducing others to advance millions of euro to him for investment in bogus property deals.

O’Brien, with an address at Monkstown Grove, Monkstown, Co Dublin, pleaded guilty at Dublin Circuit Criminal Court to 14 sample counts of making a gain or causing a loss by deception or theft of around €8.5m between 2003 and 2008.