Courts / Meath / Report

Former on-air financial advisor and "Moneybloom" founder avoids jail over life insurance fraud

Date
2015-10-14
Stage
Sentence
Primary locality
Julianstown
County
Meath

Summary

Clare Dooley, 43, a former Meath insurance broker and on‑air financial adviser, pleaded guilty to ten counts of making and using false declaration forms to obtain €109,000 in commission from 38 fictitious life insurance policies between November 2010 and September 2011. The policies were taken out using false information; the insured parties were unaware and suffered no loss. Dooley's commission was paid by New Ireland Assurance plc, and the company has since been repaid. The court, after noting the breach of trust and the lack of loss, imposed a four‑year suspended sentence with strict conditions, including 240 hours of unpaid community work. The case was adjourned to December 7, 2015 to assess her suitability for the work. No prior convictions were recorded.

Who, what, where, when and why

What: Report matter: Former on-air financial advisor and "Moneybloom" founder avoids jail over life insurance fraud. 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: She advised callers on debt and other financial issues She took out 38 fictitious policies in order to be paid commission totalling €109,000. CNI source report

Case subjects

Clare Dooley

Defendant

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) By Conor Gallagher and Fiona Ferguson A Meath insurance broker who carried out a €109,000 life insurance fraud has been given a four year suspended sentence and ordered to perform unpaid work in the community.; The case had been due to be finalised last week but was adjourned to today at the request of the prosecution.

New Ireland Assurance

Applicant

Outcome: The case had been due to be finalised last week but was adjourned to today at the request of the prosecution.

Places mentioned

Residence
Address Area
  • Dawson Street
Secondary Mention

Topics

Fraud Stage Sentence

Related court reports

Read the original CNI report

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