herald

Tuesday 26 March 2019

'Desperate' man admits mortgage application fraud

Father-of-five Michael Byrne (43) was “desperate” and made a grave error of judgment, a court heard. (stock photo)
Father-of-five Michael Byrne (43) was “desperate” and made a grave error of judgment, a court heard. (stock photo)

A bankrupt IT consultant who used false documentation to support a mortgage application has admitted fraud charges.

Father-of-five Michael Byrne (43) was "desperate" and made a grave error of judgment, a court heard.

Byrne, of Glendoher Park, Rathfarnham, pleaded guilty to three counts of using false instruments.

Judge Michael Walsh adjourned the case at Dublin District Court for a probation report.

Byrne admitted using false documents - a P60, Bank of Ireland statement and payslips - at Permanent TSB, Ballyfermot, on January 23 last year.

The court heard they were in the name of his son, Christopher Byrne Araya.

Crash

The accused produced the documents in support of a mortgage application with Permanent TSB, but when it went to the underwriting section, irregularities were discovered.

It was investigated by fraud analysts and the application was refused.

Byrne had suffered financial difficulties in the crash, was declared bankrupt in Canada and returned to Ireland when he was released from that, his solicitor Julianne Hayden said.

He found he could not open a bank account.

He was desperate and made a grave error of judgment, for which he was very sorry. He was also caring for his wife, who suffered from fibromyalgia.

The judge noted there were "family issues" and adjourned the case to a date in April.

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