Broker gets community service for €109k fraud
A former high-profile insurance broker who carried out a €109,000 life insurance fraud has been ordered to perform 240 hours' unpaid work in the community in addition to a four-year suspended sentence.
Clare Dooley (43) committed the offences following a failed business venture in 2011. The former financial adviser later founded Drogheda-based company Moneybloom, which offered to help restructure loans for people in mortgage distress.
Dooley, of Hillcrest, Julianstown, Co Meath, pleaded guilty at Dublin Circuit Criminal Court to 10 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.
She took out 38 fictitious policies so as to be paid commission totalling €109,000. The insurance company has since been repaid the money and nobody is at a loss.
Between 2001 and 2014 Dooley spoke regularly on radio on personal finance issues, advising callers on debt and other financial issues.
Judge Desmond Hogan indicated last October that he would give Dooley a four-year suspended sentence and order her to carry out community service should the Probation Service find her suitable. Yesterday, Judge Martin Nolan confirmed Judge Hogan's order, imposing a four-year suspended sentence in full on condition that Dooley carry out the community service within 12 months.