Tuesday 27 September 2016

Radio financial adviser sentenced for fraud

Conor Gallagher

Published 15/10/2015 | 02:30

Clare Dooley, who received a four-year suspended sentence after committing a €109,000 insurance fraud
Clare Dooley, who received a four-year suspended sentence after committing a €109,000 insurance fraud

A high-profile financial adviser, who appeared on Newstalk, has been given a four-year suspended sentence after a €109,000 life insurance fraud.

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Clare Dooley (43), who later founded Moneybloom which helped restructure loans for those in mortgage distress, committed the offences following a failed business venture in 2011.

She took out 38 fictitious policies in order to be paid commission totalling €109,000. The insurance company has since been repaid the money and nobody is at a loss.

Between 2011 and 2014 Dooley was a on-air financial adviser on Newstalk's Global Village show.

Dooley of Hillcrest, Julianstown, Co Meath, pleaded guilty 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 has no previous convictions.

Judge Desmond Hogan noted that Dooley's reputation had been "sullied" and she was unlikely to come before the courts again. He said there had been a breach of trust involving a large amount of money but no loss involved.

He imposed a four-year sentence, suspended on strict conditions including that she perform 240 hours unpaid community work. He adjourned the case to December 7 to allow Dooley's suitability for such work to be assessed.

Irish Independent

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