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Michael Lynn, who formerly practised as a solicitor, stole about €27m from seven financial institutions by making 21 different mortgage applications in a period between 2006 and 2007, a jury panel at Dublin Circuit Criminal Court has been told.
John Berry SC, for the DPP, was outlining the prosecution case against Mr Lynn before a jury panel on Tuesday prior to the swearing in of a 15 member jury to hear the trial.
One count on the indictment was put to Mr Lynn on Monday, of alleged theft of some €2.72 million from Bank of Ireland Mortgage Bank in late 2006. He pleaded not guilty.
On Tuesday, a second charge was put to him alleging that on March 16th 2007, in Co Dublin, he stole property in the sum of €1,338,160, the property of Danske Bank, trading as National lrish Bank. Mr Lynn also pleaded not guilty to that charge.
Mr Berry said there are a further 20 offences and each is one of theft.
It is alleged that Mr Lynn stole about €27m by making 21 different mortgage applications in the period between 2006 and 2007, counsel said.
Jury
He said Mr Lynn is from Crossmolina, Co Mayo and is now living in Redcross, Co Wicklow.
Counsel listed a number of previous addresses of Mr Lynn in Dublin and Co Meath.
He said Mr Lynn previously practiced as a solicitor under the title Michael Lynn & Company solicitors and was associated with other legal and property businesses including Kendar Holdings Limited.
Counsel said more detail will be heard later but the trial will take 12-14 weeks with more than 70 witnesses.
He listed the names of the witnesses, saying the jurors should not serve if they had links to any of the institutions or the witnesses.
When a 15 member jury was sworn, Judge Martin Nolan asked them to retire to the jury room.