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In a clear demonstration of what not to do as a lawyer, a partner of a Dublin-based law firm has gambled away €2.5 million ($3.5 million) of his clients' money.According to RollOnFriday,…
In a clear demonstration of what not to do as a lawyer, a partner of a Dublin-based law firm has gambled away €2.5 million ($3.5 million) of his clients' money.
Hearing that the firm's total liabilities could now be close to €6 million ($8.4 million), Justice Nicholas Kearns described the act as a "very serious fraud" and ordered the firm to be wound up.
Not surprisingly, O'Ceallaigh's practising certificate was suspended and Justice Kearns ordered that he remain suspended pending disciplinary action by the Law Society, referring the case to the Director of Public Prosecutions.
According to RollOnFriday, this isn't the first time O'Ceallaigh's behaviour has caused controversy. O'Ceallaigh was recently exposed for running a betting syndicate for mates of former Taoiseach (Prime Minister) Bertie Ahern, and has been criticised for sending unsolicited letters to Dublin residents to drum up some more money.
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