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Michael Lynn sentencing adjourned until next month

The sentencing of former solicitor Michael Lynn for stealing almost €18 million from financial institutions in 2006 and 2007 has been adjourned following an application from his lawyers.

Lynn, who is 55 and from Millbrook Court, Redcross, Co Wicklow, was found guilty in December of 11 counts of theft from six financial institutions between late 2006 and spring 2007.

The court heard Lynn took out multiple mortgages on the same properties from different financial institutions who did not know other banks were also providing finance.

The financial institutions involved are National Irish Bank, Irish Life and Permanent, Ulster Bank, ACC Bank, Bank of Scotland Ireland, and Irish Nationwide Building Society (INBS).

Lynn spent four-and-a-half years in prison in Brazil before he was finally extradited to Ireland in early 2018.

After his conviction just before Christmas, Judge Martin Nolan remanded him in custody pending sentencing.

His barrister Paul Comiskey O’Keeffe told Judge Nolan he wanted the matter adjourned as he is waiting for a psychological report.

He said there were matters relating to Lynn’s psychological health he wanted to bring before the court.

These matters had not been relevant during the trial, he said, but related to the conditions of Lynn’s detention in Brazil and were now highly relevant.

He said it simply had not been possible to get the reports he wanted in time for today.

Judge Nolan remanded Lynn in continuing custody for sentence on 19 February.

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