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Sat 05 May 2007Cab seizes €4.5m of US insurance fraudster's assetsThe Criminal Assets Bureau (Cab) has secured a High Court order freezing property and cash valued at almost €4.5 million belonging to an American man who was behind a $24 million insurance fraud.The assets include €3.6 million in dollars and euros on deposit in Irish bank accounts and a lakeside holiday home on almost two acres in Kenmare, Co Kerry, where fraudster Matthew Wallace Schachter lived.