Printer had 49 boxes of counterfeit €50 notes
a printer who had a €2m property judgment against him has avoided jail for production of 49 boxes of counterfeit €50 notes.
John Stanley (53) was under financial pressure from failed property deals when he used his equipment and skills to print €3.3m of the fraudulent notes.
The notes were found in various stages of production and only €9,250 were finished and in a position to be distributed.
The court heard Stanley decided to abort the operation before distributing the notes and destroyed some of the templates used to print them.
Judge Martin Nolan told Stanley's defence counsel that "the only thing saving your client from prison is that he did not put these notes into the public".
His defence said Stanley "had a brainwave that lasted for a very short period". She said he had employed many people in the community in his printing business before his financial problems.
She said he was under severe financial pressure and that "he came up with a daft idea to make money."
The judge imposed a four-year term, which he suspended in full for four years.
Stanley, of Tonlegee Road, Coolock, Dublin, but originally from Northern Ireland, pleaded guilty at Dublin Circuit Criminal Court to producing the counterfeit notes before April 17, 2014, at Baldoyle Industrial Estate.