Judge freezes accounts of financial adviser
The High Court has granted account freezing orders against a financial adviser and two of his companies over an alleged failure to return €159,000 advanced in 2017 for investment.
Ms Justice Leonie Reynolds granted the orders to Jamie Murphy who claims that James Doherty, trading as Demvera Capital Partners, has used the money for his own personal use.
Mr Murphy, represented by Eugene Gleeson SC, secured the orders against James Doherty, trading as Demvera Capital Partners, with a registered address at Serpentine Business Park, Serpentine Avenue, Ballsbridge, Dublin 4.
The injunction was also granted against a related company, Demvera Trust unlimited company, Burnfoot Business Park, Main Street, Burnfoot, Co Donegal. The orders prevent the defendant reducing his assets, which includes sums held in two bank accounts in Co Dublin and Donegal, beneath a value of €159,000. The judge also ordered that Mr Doherty produce a list of all his assets within four weeks. Mr Murphy, of St Anne’s Park, Quinn’s Road, Shankill, Co Dublin, has claimed, despite hiring a private investigator, Mr Doherty cannot be located and it is believed he is somewhere in the UK.
Mr Gleeson said Mr Murphy was introduced to Mr Doherty, who represented himself as an accountant and a financial adviser and had advanced €159,000 to him in 2017. The money came from a trust fund and personal savings and was to be invested in a firm providing home care but was never invested, counsel said.