Former businessman Breifne O’Brien has appeared in court accused of operating an €11 million investment fraud.
The 51-year-old with an address at Kilmore Close in Monkstown in Dublin was arrested this morning by officers from the Garda Bureau of Fraud Investigation.
Tanned and wearing a smart navy blazer Mr. O’Brien sat and looked around the courtroom throughout the hearing.
The former businessman is accused of operating an investor fraud which stole more than €11 million from 5 alleged victims.
The 51-year-old was formally charged in the Bridewell Garda Station this morning where he replied ‘not guilty’ to 38 counts of theft and deception.
His mother Mary agreed to pay a bail bond of €10,000 telling the court she understood the obligation and had not been ‘put upon’ to volunteer the cash.
Mr. O’Brien has handed his passport into Fraud Squad detectives.
He will appear again in court in November to receive a book of evidence.
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