A Leitrim man has gone on trial charged with deceiving five men into transferring approximately €1.765 million total into bank accounts he controlled.
A jury at Dublin Circuit Criminal Court heard that Simon Gold represented himself as a highly qualified financier, merchant banker or financial consultant.
Mr Gold with an address of Augharan, Aughavas, Co. Leitrim, has pleaded not guilty at Dublin Circuit Criminal Court to 22 charges including money laundering, theft, deception and control of false instruments on dates between January 1, 2010 and October 22, 2012.
The court heard it is the prosecution’s case that the accused had represented himself as Simon Gold, Simon Gould, Simon Magnier and Niall O’Donoghue.
The court heard the accused used a false ESB bill to open a bank account for an entity titled Anglo Irish Global Ltd..
Mr Gold also admitted to operating the company Elite Bank Group and Irish Nationwide Bank.
the court heard it was the prosecution’s case that a very wealthy Danish businessman, met with a German lawyer and agreed to put €1.6m in two installments into an account they would both have access to with the promise of a return of 25% each month for 12 months.
Counsel said that “sadly the deal was too good to be true”. He said that €800,000 was transferred into the account of Anglo Irish Global Ltd controlled by Mr Gold and that €673,000 of this was transferred by Mr Gold into other accounts within days of it being lodged.
The account was frozen when a second installment of €800,000 was lodged.
The jury was also told that that four Irish men were seeking loans of large sums of money and they were deceived into transferring what they believed were down payments into bank accounts controlled by Mr Gold in order to secure the loans. None of the loans every came through for the four men.
The prosecution also alleges that while purchasing a computer from Harvey Norman, Mr Gold used a false driving licence in the name of Niall O’Donoghue. He said the prosecution alleges Mr Gold dishonestly operated that computer with intention of making a gain.
The trial continues today.