Items Tagged with 'Ireland'


  • Ireland extradites fugitive to U.S. to face raft of mortgage fraud charges

    Country’s first extradition to the U.S. since 2012
    On Friday, Patrick Lee, a 44-year-old man with dual U.S. and Irish citizenship was arraigned in federal court in Boston on more than 50 charges relating to a mortgage fraud scheme that he allegedly perpetrated in the run-up to the housing crisis. Lee was arraigned last week after being extradited from Ireland. It was Ireland’s first extradition to the United States since 2012.
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  • Deflect and Absorb: Measuring the Greek Afterburn on American Markets

    In examining the implication of the Greek debt crisis on the American financial markets, there are several points that continue to go unnoticed. Underneath the veneer of market hysteria reports, with some suggesting that a collapse of the Greek financial structure is proof of the vulnerability of the GSEs, it appears a good time to put everything in perspective. First, take a deep breath.
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  • Judge's Eyes Not Smiling for Irish Land Developer

    A judge in Ireland ordered a commercial property developer to repay €16.5m (US $23.6m) in loans given to him for his firm after he could not provide an adequate reason as to why he didn’t repay. According to a report in The Irish Times, Dermot O’Rourke of Naas, a town of 16,000 located 18 miles west of Dublin, had no arguable defense to the summary judgment application brought against him by Bank of Scotland - Ireland (BoSI).
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