Father given suspended sentence for theft of €35,000 from employers

A compulsive gambler who stole €35,000 from the investment institution he worked for was given a three year suspended sentence at Dublin Circuit Criminal Court today.

Edward McDonald, 27, of Jamestown Avenue, Inchicore, pleaded guilty to the theft of €35,000 from Cardinal Asset Management, Alexandra House, Sweepstakes, Ballsbridge between February and July 2009.

Detective Garda Derek McGrath said that McDonald was escorted by his bosses at Cardinal Asset Management to a garda station where he voluntarily made admissions to his crime on July 20, 2009.

The court heard that McDonald’s employers had taken “a chance” by hiring him with no prior qualifications.

He has nine previous convictions for minor public order offences and for stealing money from a previous employer.

An AIB branch manager had phoned Cardinal Asset Management to say he was suspicious of a €2,000 cheque cashed by McDonald.

The capital investment company conducted its own investigation and discovered that McDonald had written up to 16 cheques, worth a total of €35,000, to cash.

The detective said McDonald spent the money on gambling but returned €1,450 he had not yet spent to the company after he was caught.

Judge Patricia Ryan said it was a breach of trust and a “planned and premeditated” crime. She imposed a three-year sentence, suspended in full.

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