Monday 20 October 2014

Auctioneer paid €7,000 online for 'get rich' tips

Ray Managh

Published 04/07/2014 | 02:30

Glen Corcoran handed over €7k

AN auctioneer was lured into handing over €7,000 to an internet agency which promised quick and easy money simply by following its stock trading tips, a judge heard.

Barrister James Nerney, counsel for auctioneer Glen Corcoran, Birr, Co Offaly, told the Circuit Civil Court his client had been promised in a brochure that he would "make money and achieve financial freedom".

Mr Nerney said Mr Corcoran, of Ballinahown, Co Offaly, had been promised training in profitably dealing on the stock market. Mr Corcoran told Judge Jacqueline Linnane that following representations by John Lawlor, a manager with Acorn Wealth Strategies Limited, which trades as Share Success out of a Balbriggan, Co Dublin, industrial unit he "signed up and forwarded €6,990" to the company.

Mr Corcoran said he had "fared fairly poorly" but had not reached the stage of investing further monies before contact and correspondence with Share Success had dried up.

He had later told the company of his disappointment and had sought reimbursement of his money before going to James Lucey, his solicitor, who issued proceedings in November.

Judge Linnane granted Mr Corcoran judgment for €6,990 against Acorn Wealth Strategies Limited.

Irish Independent

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