Courts / Dublin / Report

Credit Union offical jailed for three years over €1.7 million theft

Date
2015-11-11
Stage
Sentence
Primary locality
Dublin
County
Dublin

Summary

Paul O'Brien, a 51‑year‑old credit controller at Finglas Credit Union, stole €1,669,696 over seven years by issuing 215 fraudulent loans and stealing 13 cheques. He used some of the money to repay the loans and to fund a severe gambling addiction, paying mortgage and credit‑card bills on three occasions. The net loss to the credit union was €453,300. O'Brien pleaded guilty to nine counts of theft and one count of falsifying a loan application for €17,000 between 2005 and 2012. He had no prior convictions. He was sentenced to three years' imprisonment, with the judge noting his good character and family life but citing the abuse of trust as an aggravating factor. He has since sought help for his gambling problem and has not been re‑arrested.

Who, what, where, when and why

What: Report matter: Credit Union offical jailed for three years over €1.7 million theft. Charges or matters: sample charges which included nine counts of stealing various amounts of cash from Finglas Credit Union and one charge of falsifying a loan application in the amount of €17,000 on dates between February 26, 2005 and May 12, 2012. Procedural stage: sentence

When:

Why: Paul O'Brien (51) took out additional fraudulent loans in order to make repayments on the pre-existing ones. CNI source report

Case subjects

Paul O'Brien

Defendant

Charges: sample charges which included nine counts of stealing various amounts of cash from Finglas Credit Union and one charge of falsifying a loan application in the amount of €17,000 on dates between February 26, 2005 and May 12, 2012 (Admitted)

Plea: Guilty

Outcome: He said he has no other criminal record whatsoever but that the extent of his offending meant he must be jailed. "He is a very good man who went completely astray," Judge Nolan said.

Places mentioned

Facility
  • Finglas Credit Union
Residence
  • O'Valley Park Road
Court Venue
  • Dublin
  • Dublin Circuit Criminal Court
Garda Station
  • came voluntarily to the garda station

Topics

Stage Sentence Theft

Related court reports

Read the original CNI report

Help us improve this report

Your request is saved for the newsroom's next review. It does not immediately change the published report.

Prefer email? Send a correction request.

Request a review

We will use it only to contact you about this request.