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Wednesday 3 September 2014

The convicted fraudster who is now a financial adviser

Published 05/01/2014 | 02:30

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Elio Malocco

FROM fraudster to financial adviser might seem quite a leap. Not for Elio Malocco, rogue solicitor of the Nineties, who married into a political dynasty and defrauded the family newspaper company.

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Malocco has reinvented himself as an independent financial and legal adviser. According to his LinkedIn profile, he has been offering advice on "share and property investment, loan risk and off-shore investments since February 2012".

Even though he was struck off as a solicitor by the Law Society, he also lists legal case management and case preparation among his long list of credentials. Reinvention is nothing new to Malocco, who married a granddaughter of Eamon de Valera.

He served two years in jail for defrauding the family newspaper group, the Irish Press, of IR£86,000.

Malocco resurfaced afterwards to unsuccessfully fight against his removal from the solicitors' roll and he also launched a magazine and set up a film company.

Despite being struck off for bringing the solicitors' profession into disrepute, he continued to keep his hand in. He surfaced as a "practice manager" at Merriman White, a London law firm retained by Michael Lynn.

When Lynn decamped to Brazil, Elio Malocco scooped an interview with him for the new magazine he launched last year, Dublin's Best.

MAEVE SHEEHAN

Irish Independent

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