The jury within the multi-million euro trial returned responsible verdicts on 10 of the 21 costs towards him simply earlier than Christmas.
Lynn, of Millbrook Court docket, Redcross, Co Wicklow had pleaded not responsible to 21 counts of theft in Dublin between October 23, 2006 and April 20, 2007, when he was working as a solicitor and property developer.
It was the second trial within the case, after the jury within the first trial final yr was unable to agree on the verdicts.
It was the prosecution case that Lynn obtained a number of mortgages on the identical properties in a scenario the place banks had been unaware that different establishments had been additionally offering finance. These properties included ‘Glenlion’, Lynn’s €5.5 million residence in Howth, and a number of funding properties.
The monetary establishments concerned had been Financial institution of Eire, Nationwide Irish Financial institution, Irish Life and Everlasting, Ulster Financial institution, ACC Financial institution, Financial institution of Scotland Eire Ltd and Irish Nationwide Constructing Society.
Lynn took the stand and instructed his trial that the banks had been conscious he had a number of loans on the identical properties and that this was customized and follow amongst bankers in Celtic Tiger Eire.
The responsible verdicts returned by the jury associated to Irish Nationwide, Nationwide Irish Financial institution, Irish life and Everlasting, Ulster Financial institution, ACC Financial institution and Financial institution of Scotland.
It was unable to achieve a verdict on the only depend referring to Financial institution of Eire alleging Lynn stole €2.7 million from that financial institution.
Lynn instructed the courtroom he had “off the books” agreements with the banks to make use of the mortgage cash for his property developments overseas. He mentioned that in relation to Irish Nationwide, he signed a “memo of understanding” with financial institution chief Michael Fingleton in a Dublin lodge in 2006.
He mentioned the settlement concerned Irish Nationwide offering funding for Lynn’s house improvement in Portugal, with Mr Fingleton set to profit personally from this association.
The courtroom heard from dozens of witnesses – a lot of them financial institution officers who testified that they might by no means have lent the cash to Lynn if that they had been conscious he had already taken out mortgages on the identical property and weren’t conscious of any “off the guide preparations” in relation to his lending.
Lynn’s former authorized govt, Liz Doyle, instructed the trial that she signed his signature and solid the signature of a solicitor within the agency, Fiona McAleenan, on mortgage paperwork beneath Lynn’s directions. She mentioned she didn’t focus on this with Ms McAleenan.
The allegations first got here to gentle in September 2007, when Ms McAleenan alerted the Regulation Society to irregularities within the follow. Lynn’s belongings had been frozen and he went to London, then Portugal and finally Brazil, the place he was arrested in 2013.
He was struck off the roll of solicitors in 2008 following an investigation by the Regulation Society.
Lynn gave proof of his four-and-a-half years in a Brazilian jail previous to his extradition in 2018, describing how the jail was basically run by inmates and like one thing out of ‘Sport of Thrones’.
Mr Lynn might be sentenced afterward Monday.