Wednesday 28 October 2026Compiled from published reports. Every claim links to its source.

Ireland Crime

Every case followed from the first report to the sentence, or to where the reporting stopped.

Case No. 6090Theft from banks (confiscation proceedings) · Co. Dublin

DPP seeks to link €6m in property and cash to Michael Lynn's €80m bank theft

Michael Lynn (55) was extradited from Brazil in 2018 and arrested, and Portuguese assets were frozen before his arrest. A jury at Dublin Circuit Criminal Court found him guilty of 10 of 21 charges involving the theft of €17.5 million from six banks in 2006 and 2007, within a €80 million total believed to have been stolen. Judge Martin Nolan sentenced him in February to more than five years in prison. At a hearing on a Tuesday reported on 16 April 2024, a potential confiscation order application examined Portuguese property worth €3 million, bank accounts holding €2.8 million and a Brittas Bay house, and the matter was adjourned to 8 July.

  1. Reportednot reported
  2. Arrestednot reported
  3. Chargednot reported
  4. In court16 Apr
  5. Verdict
  6. Sentenced
reportedhappened, not reportedlatest stagenot yet

Key facts

consolidated from all reports
What happened
The DPP is concerned that certain property may be linked to €80 million believed to have been stolen by Lynn from six banks during the property boom.
When
The thefts from the six banks took place in 2006 and 2007.
Where
A house in Brittas Bay, Co Wicklow, where Lynn had been living, is among the assets being investigated.
Cause
Lynn allegedly made multiple loan applications to the banks using the same properties as collateral.
Investigation
  • Most of the money has not been recovered, and some is understood to have been invested abroad.
  • Portuguese property worth €3 million and three bank accounts holding €2.8 million are among assets possibly linked to the crimes.
Other details
  • The Portuguese assets were frozen before Lynn was arrested after being extradited from Brazil in 2018.
  • The Criminal Justice Act 1994 allows a court to order a convicted person to pay sums deemed to be benefit from offending.
Charges
A jury found Lynn guilty of 10 of 21 charges involving the theft of €17.5 million from six banks.
In court
  • A potential confiscation order application came before Judge Martin Nolan at Dublin Circuit Criminal Court on a Tuesday, as reported on 16 April 2024.
  • Lynn now has a new solicitor, and the matter was adjourned to 8 July.
Sentence
Lynn was sentenced in February by Judge Nolan to more than five years in prison.
11 statements extracted from the articles
  • whatAssets possibly linked to Lynn include Portuguese property worth €3 million and bank accounts holding €2.8 million. (irishtimes.com)
  • whatThe DPP is concerned that certain property may be linked to €80 million believed to have been stolen by Lynn from six banks. (irishtimes.com)
  • whereA house in Brittas Bay, Co Wicklow, where Lynn had been living, is also being investigated. (irishtimes.com)
  • causeLynn made multiple loan applications to the banks using the same properties as collateral. (irishtimes.com)
  • investigationMost of the money in the Garda investigation has not been recovered, and some is understood to have been invested abroad. (irishtimes.com)
  • chargeA jury found Lynn guilty of 10 of 21 charges involving the theft of €17.5 million from six banks in 2006 and 2007. (irishtimes.com)
  • courtA potential confiscation order application came before Judge Martin Nolan at the Dublin Circuit Criminal Court on Tuesday. (irishtimes.com)
  • courtLynn now has a new solicitor, and the matter was adjourned to 8 July. (irishtimes.com)
  • sentenceLynn was sentenced in February by Judge Nolan to more than five years in prison. (irishtimes.com)
  • otherThe Criminal Justice Act 1994 allows a court to order a convicted person to pay sums deemed to be benefit from offending. (irishtimes.com)
  • otherThe Portuguese assets were frozen before Lynn was arrested after being extradited from Brazil in 2018. (irishtimes.com)

The reporting

newest first
  1. 16 Apr2024
    In courtirishtimes.com, follow-up
    DPP suspects €6m in property and cash may be linked to Michael Lynn’s €80m bank theft, court told

    Covers a confiscation application in the Lynn case: Portuguese property, bank accounts and a Wicklow house are under examination, and the matter was adjourned to 8 July. The article also gives background on Lynn's February sentence and convictions.

    convicted, Michael Lynn, 55, male, named, irish (judged from name)Michael Lynn