Custom House Capital executives given jail sentences for €60 million fraud conspiracy

Four senior executives in the Dublin-based investment management firm have pleaded guilty to charges of conspiracy to defraud investors between 2008 and 2011

Harry Cassidy pleaded guilty to conspiracy to defraud clients by intentionally misleading them as to where their assets had been invested. Picture: Collins

Four senior executives at collapsed investment firm Custom House Capital have been sentenced to prison after they pleaded guilty to a conspiracy that defrauded thousands of investors of more than €60 million a decade ago.

Harry Cassidy, 67, the co-founder and former chief executive of Custom House Capital, was sentenced to six years and ten months in prison after pleading guilty to misappropriating €61 million of client funds between October 2008 and July 2011.

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