Courts / Meath / Report

Former radio financial advisor and "Moneybloom" founder to be sentenced over life insurance scam

Date
2015-10-08
Stage
Sentence
Primary locality
Julianstown
County
Meath

Summary

Clare Dooley, 43, a former Newstalk financial adviser, will be sentenced next week for a €109,000 life‑insurance scam. She pleaded guilty to ten counts of making and using false declaration forms at New Ireland Assurance plc between November 2010 and September 2011. The scam involved 38 fictitious policies, of which Dooley received €109,000 in commission. The prosecution asked for a short adjournment, which Judge Desmond Hogan granted, but he said the sentence would be imposed next week unless the DPP presented a solid reason otherwise. Dooley had no prior convictions. She had been a financial adviser on Newstalk's Global Village show from 2011 to 2014 and had founded Moneybloom after the scam. The court will consider her guilty pleas, the impact on her family and community, and her lack of previous convictions when determining the sentence.

Who, what, where, when and why

What: Report matter: Former radio financial advisor and "Moneybloom" founder to be sentenced over life insurance scam. Charges or matters: ten counts of making and using false declaration forms at New Ireland Assurance plc, Dawson Street, Dublin and in the State between November 23, 2010 and September 27, 2011. Procedural stage: sentence

When:

Why: Judge Hogan asked if the DPP was asking for a adjournment because further charges were being brought against Dooley. CNI source report

Case subjects

Clare Dooley

Convicted Person

Charges: ten counts of making and using false declaration forms at New Ireland Assurance plc, Dawson Street, Dublin and in the State between November 23, 2010 and September 27, 2011 (Admitted)

Plea: Guilty

Outcome: Photo: Collins) A former on-air financial adviser with Newstalk who carried out a €109,000 life insurance scam will be sentenced next week. Dooley was due to be sentenced today at Dublin Circuit Criminal Court by Judge Desmond Hogan but the prosecution told the court "certain matters" needed to be clarified by the State and that it would be to everyone's benefit to adjourn sentencing for a short period.

New Ireland Assurance

Applicant

Places mentioned

Court Venue
  • Dublin
  • Dublin Circuit Criminal Court
Residence
Address Area
  • Dawson Street
Secondary Mention

Topics

Stage Sentence

Related court reports

Read the original CNI report

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