A former solicitor has gone on trial accused of stealing millions from various financial institutions between October 2006 and April 2007.
Michael Lynn, with an address at Millbrook Court, Red Cross, Co Wicklow, denies 21 charges of theft, totally 27-million-euro.
On October 20th 2006, Michael Lynn is accused of stealing €3.6m from Ulster Bank, and over the course of the next six months, he is accused of obtaining twenty more mortgages through what was described as a 'dishonest and deceitful'. scheme, that involved repeatedly getting loans for the same properties.
In total, he’s accused of stealing €27m. When the 21 theft charges were put to him earlier, he pleaded NOT GUILTY to each of them.
The other lenders include Bank of Ireland, Danske Bank, Permanent TSB, ACC Bank, Back of Scotland (Ireland) and Irish Nationwide Building Society.
The jurors were told they’d hear from employees and officials for the financial institutions. Evidence will also be presented in relation to what the prosecution claims were forged documents used to secure the loans.
