O'Brien conned his friends for millions using Ponzi scheme

Declan Brennan

BUSINESSMAN Breifne O'Brien used money stolen from investors to pay for an extension to his house, a new car for his wife and the stamp duty on new properties, in a multi-million euro Ponzi scheme.

O'Brien will be sentenced on October 8 next following his sentencing hearing at Dublin Circuit Criminal Court yesterday. The case was adjourned so it can be established why O'Brien has not yet compensated any of this victims.