Former Solicitor, Michael Lynn, Jailed For Five-And-A-Half Years For Stealing Over €18m From Finanacial Institutions

Monday, 19 February 2024 16:41

By Martin Osborne

Judge Martin Nolan set a sentence of thirteen years but gave him credit for the years he spent in a Brazilian prison.

Michael Lynn has been jailed for five-and-a-half years for stealing just over 18-million-euro from six financial institutions during the Celtic Tiger era.

The former solicitor did so by taking out multiple mortgages on the same properties, including his own 5-point-5-million-euro home in Howth, Co. Dublin.

Today marks the end of a long-running saga that saw Michael Lynn being extradited from Brazil to face trial.

Two years ago, a jury was unable to reach agreement on any of the 21 charges.

All of the charges arose from his time as a solicitor and property developer between Oct 2006 and April 2007.

Lynn claimed the banks knew he was taking out multiple mortgages on the same properties.

He said it was common practice during the Celtic Tiger years.

The jury at his retrial convicted him on ten of the charges, and the rest were dropped today.

Judge Martin Nolan set a sentence of thirteen years but gave him credit for the years he spent in a Brazilian prison.

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