Custom House Capital executives due in court next week over fraud conspiracy

Four senior executives of Custom House Capital have been directed to appear before Dublin Circuit Criminal Court on 8 March following guilty pleas to fraud-related charges. Between October 2022 and January 2023, former chief executive Harry Cassidy, former head of private clients John Whyte, head of finance Paul Lavery, and non-executive director John Mulholland entered pleas of guilty to conspiracy to defraud investors and neglectful discharge of directorial duty. The pleas relate to allegations that the executives intentionally misled clients regarding asset placement between October 2008 and July 2011. Publication of the pleas was delayed pending the trial of co-accused Ciara Kelleher, senior portfolio relationship manager, whose jury failed to reach a verdict at Dublin Circuit Criminal Court. Judge Orla Crowe adjourned proceedings pending the defendants' appearance next week.