RTE News report two men have been jailed for their role in a €5.5m forestry investment fraud.
Garret Hevey, aged 43, from Brookdene, in Shankill, Dublin, and 42-year-old David Peile formerly of Avondale Court, Ballyguile, in Wicklow, both pleaded guilty to fraudulent trading in relation to a company called Arden Forestry Management between January 2014 and June 2016.
The fraud came to light when a Finnish man came to Dublin to check on his investments. He was shown a forest in Frenchpark, in Co Roscommon, but told there was no time to visit the land registry.
The court heard Peile emailed Hevey saying “shit, he wants to visit the land registry department, how do we get over that one?”
The man was “whisked” back to Dublin Airport but he subsequently checked the land registry himself and called in the gardaí.
Both also admitted charges of inducing individuals to make payments by deception between September 2015 and May 2016.
Hevey, who was described as the engineer of the scheme, was sentenced to five years with the final year suspended.
Peile was sentenced to four years with the final year suspended.