Court grants judgement of €159k against financial advisor

The High Court has granted a judgement of €159,000 against a financial advisor in relation to alleged misappropriation of investor funds. Ms Justice Leonie Reynolds made the order in favour of Mr Jamie Murphy, who alleges that Mr James Doherty, trading as Demvera Capital Partners, failed to return money advanced as an investment in 2017. Mr Murphy claims the funds were intended for investment in a care company but were used for personal purposes instead. Freezing orders against Mr Doherty and related entities, with addresses in Dublin and Burnfoot, Co Donegal, were secured in December. The judge also ruled that Mr Doherty, who is understood to be in the United Kingdom, be attached by An Garda Síochána and brought before the High Court to address allegations of contempt of court. Mr Doherty had not complied with court orders to provide asset details and did not attend proceedings or retain legal representation. He is to be brought back before the court within one week.