Friday, 12 June 2009

EXCUTİVE fugitives

The credit crunch has left more than a few con-artists on the run. But former company executives don´t make great fugitives. Click here for an interesting story. İn İreland Noel Fitzpatrick set up a fake company called Terrintech and then sold a pension scheme to its non-existent employees to claim commissions from two financial companies. He went on the run to Uganda when the scheme unravelled but was arrested on his subsequent return to İreland when he thought he´d been forgotten about. Broker Stephen Pearson fled Cork to Dublin where made a suicide attempt in a hotel room after his ponzi scheme went belly up, staying on the run for about three days. The best of the executive fugitives then has to be Michael Lynn who made €80 million from mortgage frauds. But the warrant out for his arrest ıs only from a civil court and has no authority abroad. İf the criminal case ever gets underway, Lynn´s fugitive skills will be properly tested.

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posted by Eamon Dillon at

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