Courtroom drama of family ties, broken trust, blank cheques and a ‘phoenix company’

The case of cousins Alan and Frank Hynes who are accused of fraudulent and reckless trading heard allegations of ‘extraordinary’ spending, a ‘sham company’, ‘forged’ financial documents, ‘bogus’ loans and a ‘witch-hunt’

Frank Hynes and his cousin are both accused of fraudulent and reckless trading arising from alleged attempts to hide money from creditors

“Whether it was company money or my money, what difference does it make?” Frank Hynes asked barrister David Whelan over a remote video link as he was being cross-examined in the High Court last week.

The question was met with muffled gasps from the courtroom. Whelan, who had been cross-examining the Wexford jeweller for nearly 40 minutes over allegations that he mixed company money with personal money, nodded.

“Thank you, Mr Hynes, that’s precisely the ...