Gary and David McGuinness win €1.25m fraud asset freeze

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Gary and David McGuinness secured a High Court asset-freezing order over an alleged €1.25 million fraud, reported on 14 October 2020. The order restrained David Morrisroe from dealing with assets below that value and required information about his worldwide assets.

The brothers claim money given to Morrisroe for Irish and European property and precious-gem investments was not invested and has not been repaid. Morrisroe was notified of the proceedings but did not attend or have legal representation, according to the report.

The proceedings seek repayment of the money. The matter was due to return before the High Court in two weeks, while the allegations remained unresolved.