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Gift of foresight: Ex-Psychics Live MD's €9.6m payout

FOUNDING managing director of Irish Psychics Live Tom Higgins shared a dividend payout of €9.6m before selling the company that operates the premium-rate phoneline, new figures show.

Dividend payouts to the Co Wicklow-based businessman and his wife are disclosed in new accounts for Realm Communications Ltd, recently filed with the Companies Office. Higgins shared the dividend payout with his wife Theresa Dunne on June 29, 2009, according to the accounts. Realm Communications operates controversial premium-rate phonelines.

Mr Higgins has previously announced his intention to be the first Irish person in space on board Richard Branson's Virgin Galactic.

The premium phone charges by Irish Psychics Live have featured on RTE's Liveline programme.