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Gambling dad stole €35k from his bosses

A COMPULSIVE gambler who stole €35,000 from the investment institution he worked for has been given a suspended sentence at Dublin Circuit Criminal Court.

Detective Garda Derek McGrath said Edward McDonald (27) was escorted by his bosses at Cardinal Asset Management to the garda station, where he voluntarily made admissions to his crime.

Garda McGrath agreed with Cathal McGreal, defending, that the investment institution's bosses had taken "a chance" on McDonald by hiring him with no prior qualifications.

McDonald, a father-of-one, from Jamestown Avenue, Inchicore, pleaded guilty to the theft of €35,000 from Cardinal Asset Management, Alexandra House, The Sweepstakes, Ballsbridge, between February and July 2009.

He has nine previous convictions for minor public order offences and for stealing money from a previous employer.

Garda McGrath told Garnet Orange, prosecuting, that he was approached by McDonald and two company directors at Donnybrook Garda Station on July 20, 2009.

He said McDonald told him he wished to make admissions of theft.

Garda McGrath explained that an AIB branch manager had phoned Cardinal Asset Management to say he was suspicious of a €2,000 cheque cashed by McDonald.


The capital investment company conducted an investigation and discovered McDonald had written up to 16 cheques, worth €35,000, to cash.

The detective said McDonald spent the money on gambling but returned €1,450 he hadn't yet spent to the company after he was caught.

Garda McGrath agreed with Mr McGreal that his client had co-operated fully with the investigation and had been a "young, up-and-coming trainee professional" before he relapsed into his addiction.

The judge imposed a three- year sentence, suspended in full for three years.