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Fake kidnap tycoon McGeever covers up infamous scars

Crime DeskBy Patrick O'Connell
Fake kidnap tycoon McGeever covers up infamous scars

Fake kidnap tycoon Kevin McGeever this week launched an astonishing attack on his former Irish investors and the gardai by claiming; "I'm 100 per cent the victim here."

Tracked down by the Sunday World, the disgraced property speculator, who remains on a FBI wanted list over a multi-million fraud in the U.S., labelled all allegations against him: “Pure shit.”

McGeever – who had been linked to investment scams across the U.S., Eastern Europe, Dubai and Ireland – escaped jail on Tuesday despite being convicted of wasting a total of 3,038 Garda man hours by faking his own kidnapping.



Gardaí spent eight weeks in 2013, at a cost to the taxpayer of €86,851, investigating McGeever’s claims that he was abducted at gunpoint from his home in Craughwell, Galway, and held 20ft underground in a steel container for eight months.

The investigation concluded when McGeever finally admitted he had faked the entire episode in a bid to shake off investors in his Dubai property dealings, who were chasing him for millions.

On Wednesday, make-up plastered across his forehead to conceal the word ‘thief’, misspelt ‘tief’ – which he etched into his own forehead during the bogus kidnapping – a defiant McGeever insisted: “One hundred per cent, I’ve been made a scapegoat, that’s a hundred per cent. It’s been the most stressful time there ever was in my whole life.

BEFORE

AFTER

“I don’t want to say much, but if you can read between the lines then there’s something wrong. People have printed shit before and you see how much sticks. 

“I’m still living my life, I’ll continue living my life and that’s it.

“But 99.9 per cent of what’s been written – that I abandoned cars at the airport, that I abandoned my family – it’s pure shit.”

Today, as Irish investors who lost millions in his failed Dubai property investment vehicle KMM International Properties continue to pursue him in the courts, the Sunday World can reveal that:

  • McGeever faces losing control of the ‘Nirvana’ mansion in Craughwell after investor Kevin Cooke succeeded in a €1m judgement registered against the title.
  • The 72-year-old is facing a High Court battle over the proceeds of former partner Siobhan O’Callaghan’s €450,000 will.
  • He faces immediate arrest if he travels to the U.S. over a €4m ‘Liechtenstein fake bank’ investment fraud.
  • Two separate fraud allegations against him by former investors, including James Byrne and Kevin Cooke, remain under investigation by the Garda Fraud Squad.
  • The Criminal Assets Bureau are continuing to trawl through his labyrinthine international business interests in a bid to determine whether he has money left that could be repaid to former investors.

Speaking with the Sunday World outside the apartment he shared with former partner Siobhan O’Callaghan on Wednesday, McGeever told us: “I’m just exhausted with the world, with all this carry-on.

“They’re just making all this shit up to make me look bad. It’s what they’ve been doing since the beginning.“I’m annoyed because there are so many c***s telling f***ing lies about me.”

Asked about tape recordings in which he was heard saying that he would have any investor seeking to have their money returned shot, McGeever denied the authenticity of the tapes.

“I’d have them shot? Why would I make a statement like that? 

“I don’t believe I said that. It’s not possible.

“This is somebody out to print shit. I don’t talk like that. This is someone out to print lies about me.

“I would never use profanity to anyone, that’s not my style.

“That’s people who are out to get me. Who’s out to get me?

“I was expecting there to be stuff in the papers – and here we go again,  they’ll have another blast at me now for another couple of days.”

McGeever’s business dealings first came to the attention of authorities in the U.S. back in 2001 when he was accused of masterminding a complex €4m fraud involving a fake bank in Leichtenstein targeting 78 investors across the U.S.

U.S. court documents obtained by the Sunday World allege McGeever was the “leader” of a string of allegedly bogus companies – including Global Investments Ltd., Global Trust Limited, Global Trust Bank and Global Management Team.

The file contends the scheme tricked people into believing the cash they sent to a bank in Liechtenstein would earn them 10 per cent profits every month through currency trading and property investments. 

The document also outlines how hapless investors received “official looking” documentation and “false bank statements” showing interest growing on their investment.

And it details how McGeever also held conference calls with his investors in a effort to reassure them about their cash. 

However, the documents lodged in court in America contend his claim was “entirely false” and intended to “lull” those whose cash was missing into believing everything was “under control”.

The documents claim the cash was never invested and that accounts were not even opened for investors.

Instead, the cash was placed in one account in the Liechtenstein bank – with sums then withdrawn at various intervals.

On one occasion, one of McGeever’s partners allegedly withdrew funds to buy himself a boat.

The account was closed and the sum of $5,751,662 was later placed in the control of the FBI after investors asked for their cash back when their profits failed to materialise. 

After the scheme was rumbled in 2004, an arrest warrant was issued for McGeever by the FBI over his alleged involvement in the $5m (€3.8m) fraud between January 1998 and May 2000.

Asked about the allegations, McGeever insisted he had never been involved in any dealings in the U.S.

“In America? I never did a deal in America in my life. I don’t know where they are getting that!

“Who is out to put out stuff like that? It’s ridiculous, absolutely ridiculous. I never did a deal in America in my life.

“This is absolute crap.

“I have never, as God stands witness over my head, done a single deal in America.”

After fleeing the U.S, McGeever set himself up as a property dealer in Dubai and through KMM Properties International convinced dozens of Irish investors to part with millions of euro which would be used to fund the construction of apartments in the oil rich emirate.

The funds allowed McGeever to live the life of a multi-millionaire.

His fleet of luxury cars included a Mercedes SL55 AMG and a Hummer adorned with a personalised licence plate – MR KMM.

He also proudly posted pictures online showing himself standing before a helicopter, liveried with KMM – which was both his property company’s name and his initials.

Unbeknownst to his investors, what McGeever was selling was a lie.

Irish investors who thought they were buying dream homes in Dubai alleged that he was in fact double-selling properties, selling apartments which were fictitious, and that he used investors’ money to buy property in Dubai for himself. 

Asked on Wednesday why he had pleaded guilty to wasting Garda time and had confessed to making up the kidnap plot, McGeever retorted: “I’m not going to answer that question.”

Asked whether he still has money to pay back his Irish investors McGeever remained as elusive: “Don’t ask me any more questions. That’s none of your business.”