Gardaí in Kerry have arrested and charged a man in relation to suspected investment fraud resulting in the loss of approximately €125,000.
The man, aged in his 50s, was arrested this morning, March 15. He was detained at Tralee Garda and has since been charged.
In 2018, Gardaí in Tralee received a report from three individuals who believed they were subject to investment fraud between 2010 and 2012.
Each person had seen an article in a newspaper which offered an overseas investment opportunity with a "guaranteed return within 24 months”.
However, no money was ever returned to the would-be investors.
The man is due to appear before Tralee District Court on March 24, 2021 at 10.30am.
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