Courts / Dublin / Report

Freezing orders made against financial advisor

Summary

The High Court has granted freezing orders against a financial advisor and two associated companies following allegations that approximately €159,000 advanced as an investment was misappropriated. Ms Justice Leonie Reynolds made the orders in favour of Mr Jamie Murphy, who claims Mr James Doherty, trading as Demvera Capital Partners, used funds transferred in 2017 for personal purposes rather than investing them in a disability care company as agreed. The injunctions, also made against Demvera Trust unlimited Company, prevent the defendants from reducing assets below €159,000, including sums held in bank accounts in Dublin and Donegal. The court heard that despite requests for return of the investment, Mr Doherty has provided only excuses and assurances without repaying the money. Mr Doherty's whereabouts are currently unknown, though believed to be in the United Kingdom. The matter will return to court in January.

Who, what, where, when and why

What: Report matter: Freezing orders made against financial advisor. Procedural stage: hearing_or_decision

When:

• 2018-12-20 Publication

Why: Counsel said Mr Doherty had given excuses, including his ill health, as a reason for not returning the monies. CNI source report

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report