Waterford financial advisor sent fraudulent fax 'covering up' €130k theft from investors

The court heard the offence has destroyed the defendant's reputation and affected his family greatly

Donal Quinn pleaded guilty to using a fraudulent copy of a Bank of Ireland fax on February 14, 2012, to induce investors to think "the money was safe" after it was stolen. The father-of-two remains on bail and will be sentenced in July. File picture

A financial advisor sent a group of backers a fraudulent fax "covering up" the theft of about €130,000 from an investment fund, a court heard.

Donal Quinn, 50, of Newtown Glen, Tramore, Co. Waterford, pleaded guilty to using a fraudulent copy of a Bank of Ireland fax on February 14, 2012, to induce investors to think "the money was safe" after it was stolen. The father-of-two remains on bail and will be sentenced in July.