Pyramid Of Deceit

Court documents are revealing the nature of the alleged pyramid investment which businessman Breifne O’Brien utilised to reap millions of euro from investors

17th January, 2009

The complex web of payment s that formed par t of business m n Breifne O’Brien’s alleged pyramid investment scheme - which he has admitted left at least 11 investors €20 million out of pocket - has been unravelling in the High Court.

The Cork-born, self-styled entrepreneur has admitted conning a host of investors, most of whom were friends, into providing money for property transactions. Many of these transactions never occurred. Instead,...

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