Court grants freezing orders against company director linked to alleged Ponzi scheme

It is claimed that the director and sole shareholder of Irish Gold and Silver Bullion Ltd (IGSB), Nicholas Wickham, recklessly got customers to put money into IGSB, which the defendant knew could never be repaid.

The Four Courts, Dublin. 

A company that claimed to sell investors gold and silver bullion was operated as "a Ponzi scheme" and defrauded its customers, the High Court has heard.

The company, Irish Gold and Silver Bullion Ltd (IGSB), with a registered address at The Crescent, Monkstown, in south Co Dublin, was wound up last year, and chartered accountant Myles Kirby was appointed as liquidator.