Ireland Michael Lynn under investigation for suspected money laundering in Dublin
Michael Lynn, a 55-year-old former solicitor and property developer, was convicted in December 2023 of stealing about €18 million from six financial institutions and sentenced to 5½ years with credit for time served in Brazil. The Garda National Economic Crime Bureau is now investigating whether he is using Irish companies and property deals to launder the stolen money. In January 2024, Gardaí raided five premises, including the Co Wicklow house where his wife and family live, and froze bank accounts holding more than €2 million. A company linked to Lynn had negotiated a €10 million development deal with a housing charity in north Dublin in 2021 before abandoning it.
- Reported
- Arrested
- Charged
- In court
- Verdict
- Sentenced
Key facts
consolidated from all reports- What happened
- A company under Garda investigation for links to Michael Lynn negotiated a €10 million development deal with housing charity Respond in north Dublin in 2021.
- The deal was abandoned when the company sought permission for a larger development, and the site was sold to an unconnected Irish builder in October 2023.
- Investigation
- The GNECB is investigating whether Michael Lynn is using Irish companies and property deals to launder money stolen from Irish banks.
- Gardaí raided five premises in January 2024, including the Co Wicklow house where Lynn's wife and family live.
- Gardaí froze bank accounts containing more than €2 million linked to an associate.
- In court
- Michael Lynn was convicted in December 2023 following a second trial for stealing about €18 million from six financial institutions.
- Sentence
- Lynn was sentenced to 5½ years with credit for time served in Brazil.
- Other details
- Bulgarian businessman Yavor Poptoshev is a director of eight Irish companies set up between 2019 and 2023.
11 statements extracted from the articles
- whatA company under Garda investigation for links to Michael Lynn negotiated a deal with a housing charity in 2021. (irishtimes.com)
- whatThe deal was abandoned when the company sought permission for a larger development. (irishtimes.com)
- investigationGardaí are investigating Michael Lynn. (extra.ie)
- investigationThe GNECB is investigating whether Lynn is using Irish companies and property deals to launder money he stole from Irish banks. (irishtimes.com)
- investigationThe GNECB has raided five premises and frozen bank accounts containing more than €2 million. (irishtimes.com)
- investigationGardaí carried out dawn raids in January on the Co Wicklow house where Lynn's wife and family live. (irishtimes.com)
- investigationGardaí are exploring whether Lynn kept some of the stolen money and is trying to launder it through the Irish property market. (irishtimes.com)
- courtLynn was convicted in December 2023 following a second trial. (irishtimes.com)
- sentenceLynn was given a sentence of 5½ years, with credit for time served in Brazil. (irishtimes.com)
- other€2m in bank accounts linked to an associate has been frozen. (extra.ie)
- otherBulgarian businessman Yavor Poptoshev is a director of eight Irish companies set up between 2019 and 2023. (irishtimes.com)
The reporting
newest first- 24 Feb2024Firm linked to jailed ex-solicitor Michael Lynn negotiated €10m deal involving State agency
Reports a Garda money laundering investigation linked to Michael Lynn, who was sentenced to 5½ years, and details the Resi Quantum Solutions deal with housing charity Respond, the raids and frozen accounts, and the companies under examination.
convicted, Michael Lynn, 55, named, irish (judged from name)Michael Lynn - 14 Jan2024Gardaí Investigating Michael Lynn Freeze €2m In Bank Accounts Linked To Associate
Only the headline is usable. The article body is website template code with no narrative, so no date, location, amounts beyond the headline, or charges are stated. It is not clearly the same incident as any existing case, so no case_id is given.
suspect, Michael Lynn, named, irish (judged from name)Michael Lynn