PONZI SCHEME BOSS ORDERED TO SERVE SIX YEARS FOR DONEGAL SWINDLE

September 26, 2013

gavel1A PONZI scheme boss has been told today he must serve six years in prison after a €1.6M swindle.

Eamonn Kelly took cash from people in Donegal, Wexford and Dublin offering them massive returns on their ‘investments’.

But the whole thing was a con and instead Kelly pocketed the cash.

He had forged bank and solicitors letters in which he promised investors a 30% return on their money within six months.

He claimed to be buying valuable property in the UK.

Kelly, from Ballyfermot, was appealing his six year sentence but a judge said today he would not reduce the sentence to protect those who had been left destitute by his actions.

 


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