More than 1,500 high-net-worth individuals saw their pension plans upended by fraudulent activity of investment firm
Harry Cassidy, former CEO of Custom House Capital (CHC), once well-respected, was sentenced to six years and ten months in jail in 2023 for conspiracy to defraud. CHC fraudulently used client funds to cover losses from property investments, concealing their actions with false statements. Cassidy, described as having a "domineering personality," directed employees to divert funds, leading to the collapse of CHC and significant losses for clients' pension plans. Cassidy, along with colleagues, was disqualified from acting as a director, with Cassidy receiving a 14-year ban. A Luxembourg bank account in Cassidy and another director's name held €2.3 million in commissions, primarily from client funds.