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Tue 12 Dec 2008Alleged pyramid scheme investor agrees to preserve assets above €20m
A MAN said to be involved in the taxi business who allegedly operated a “pyramid” investment scheme over some 15 years and misappropriated millions to fund his personal lifestyle and business interests has agreed to a court order not to reduce his assets below €20 million.
Breifne O’Brien, Invergarry, Silchester Road, Glenageary, Co Dublin, whose assets are alleged to include a house in Barbados, had within the last few days told Brian Quigley, a solicitor for several investors, that he (O’Brien) had been “living a lie” for up to 15 years in relation to investments made for others, including long-time friends.
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