A former psychic has been found guilty of theft and fraud offences involving sums totalling more than €1.6 million.

Simon Gold, 54, with an address at Aughavas, Co Leitrim, had pleaded not guilty to 22 charges, including money laundering, theft, deception and the use and possession of false instruments between January 2010 and October 2012.

During the trial it was alleged that Gold represented himself as a highly qualified financial consultant.

The prosecution in the case said it involved five victims, four of whom were Irish and a fifth who was a very wealthy Danish businessman and the offences related to transfers of money to companies controlled by Mr Gold. 

In four of the cases, the alleged victims believed they were making down payments in return for securing large loans. 

It was the State's case that the men, who were unable to secure bank loans as a result of the global financial crisis, approached Gold seeking loans of large sums of money.

Lorcan Staines SC, prosecuting, told the jury that in 2011 these men were deceived into transferring what they believed were down payments into bank accounts controlled by Gold in order to secure the loans.

The men gave evidence of transferring a total of €28,000 and £50,000 into bank accounts linked to Gold. None of the loans ever came through for them.

Other offences relate to the transfer of €1.6m by a wealthy Danish businessman.

The businessman entered an agreement with a German lawyer to lodge €1.6m into an account on the promise of a monthly return on his investment.

This money was transferred in two payments in October 2012 to what the businessman believed was a bank account controlled by himself and his lawyer, but was in fact, an Ulster Bank account in Dublin controlled by Gold.

The trial heard that Gold accepted he had used the names Simon Gold, Simon Gould, Simon Magnier and Niall O'Donoghue, which was his original name.

The jury heard details of Gold's garda interviews after his arrest in 2014.

Gold told Gardaí he changed his name to Simon Gold because it was his stage name when he worked as a psychic.

A search of a house in Co Leitrim in 2014 had uncovered a number of documents including business cards in three different names using titles of "head of private banking and wealth management" and "head of investments".

Gardaí told the court that Gold was arrested during a search of a house in Aughavas, Co Leitrim, in February 2014.

The jury of six men and six women deliberated for almost 12 and a half hours, before returning their verdicts at the Dublin Circuit Criminal Court this morning. 

Gold was convicted of 20 charges. 

The jury reached unanimous guilty verdicts on 19 charges and returned a majority guilty verdict of 11-1 in relation to another charge.

The jury acquitted Gold of one charge of deception. This charge related to a €28,000 transfer by one of the alleged victims, a farmer from Co Galway, to a bank account linked to Simon Gold. 

Judge Martin Nolan also directed the jury deliver a not guilty verdict in relation to another charge. 

Mr Justice Martin Nolan thanked the jury for their service in what he said was an "unusual and complicated" trial.