Former Fianna Fáil councillor Gary O’Flynn has been remanded for sentencing after he pleaded guilty to six counts of mortgage fraud.
Mr O’Flynn aged 39 from Hayfield Drive, Castlecourt, Whitechurch, Co Cork, had pleaded guilty to the six charges when he appeared before Cork Circuit Criminal Court on Monday. Mr O’Flynn pleaded guilty to the charges which he committed over 5 years ago when he was working as a financial adviser. Two of the charges relate to offences he made against Bank of Ireland Mortgage Bank, which included the offence of forcing an employee of the bank to pay him commissions of €925 and €1,540.
It is understood that the commissions were paid to Mr O’Flynn, trading as Flexible Mortgages, in respect of mortgages he obtained for houses that he bought in Wilton and Shanakiel in Cork in January 2009.
Former councillor O’Flynn pleaded guilty to two counts of using a false self-assessment tax notice and false sets of accounts in his own name and the name of his legal firm. Mr O’Flynn also pleaded guilty to two further counts of fraud in relation to documents used to obtain the mortgages for €308,000 and €200,000 on the two properties which he bought at a later date.
Mr O’Flynn’s defence counsel applied to have Mr O’Flynn sentencing applied at a later date which is thought to April 22nd were he is due to face sentencing for different charges.