O'Brien's scams still ruining lives
The fraudster targeted his friend's high-net-worth clients and stung them for a fortune, writes Maeve Sheehan
Published 16/10/2011 | 05:00
EVER since Breifne O'Brien's double life as a high society confidence trickster was exposed in December 2008, the fall-out from his fantasy investment schemes continues to take its toll.
O'Brien, 50, admitted conning €18m out of 10 friends, family and business associates in an apparently unsophisticated pyramid scheme over 15 years. But there are many others who continue to be affected by the fallout of his fraudulent scheme.
Paddy Kavanagh is testament to that. A former banking manager, he runs a finance brokerage in Naas, Co Kildare, called The Finance Business. He barely knew Breifne O'Brien, and didn't invest a cent in his ventures, but the aftershock of his sideways encounter with the suave Trinity graduate continues to reverberate.