Thomas Elvin, accused of depriving investors of €177,000 and operating as an illegal investor between 2003 and 2005, is said to be the head of the company called Pear Shaped Resources. This fact was claimed in court, which was told that this company was set up in January 2004 in the British Virgin Islands, with US dollar share capital.
The prosecutor said that there would be evidence from six of the seven victims of a series of actions by Mr Elvin, and none of them had received the money back.
When the charges were read to him, Mr Elvin said to each before Judge John O’Hagan: “Definitely not guilty.” The trial continues.