CLONES SOLICITOR ADMITS TAKING €1.4 MILLION FROM CLIENTS’ ACCOUNTS

20 September 2013 No Comments by The Northern Standard

WELL-KNOWN Clones-based solicitor Paul Madden has been prohibited from practising and his accounts have been frozen pending an investigation into substantial monies that have been taken from his firm’s client accounts.

The High Court was told last week by counsel for the Law Society that Mr Madden had admitted taking almost €1.4 million from clients’ accounts, stating that it was used to pay items including tax bills and office expenses.

The court was also told that Mr Madden, of Paul Madden & Co Solicitors, Fitzpatrick Square, Clones, had admitted to the society that he took the money from the accounts of 25 clients, claiming it was not for private use, but was used to pay tax bills, loans, stamp duty, wages and office expenses, as well as fines and fees from appearances before the Solicitors Disciplinary Tribunal.

However, Paul …

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