Holiday homes crook won’t fight civil actions
A convicted international property fraudster has abandoned his defence to civil actions brought by investors duped into paying out nearly £4m.
Kevin O'Kane has agreed to judgments against him in a series of lawsuits brought by victims of a Turkish holiday homes scam, the High Court in Belfast was told.
Lawyers for nearly 60 plaintiffs will now seek to enforce the outcome in an attempt to claw back any money they can.
Bankruptcy proceedings against O'Kane is one option.
Earlier this month the 52-year-old, from Ballynease Road, Portglenone, Co Antrim, was jailed for four-and-a-half years for running the bogus operation.
O'Kane, a one-time oil and coal merchant, was convicted of more than 150 offences of obtaining money or property by deception and fraud by false representation.
He portrayed himself as the landowner, builder and developer of the Golden Beach villas development when, in reality, he owned nothing of the scheme.
It was confirmed to Mr Justice Deeny yesterday that he consented to judgment being made against him. The judgment fixed interest rate at 5%.