New Beginning denies selling clients' names to distressed-mortgages fund

The Data Protection Commissioner is investigating a data security breach at mortgage campaigners New Beginning.

According to The Mail on Sunday, 1,500 homeowners had their financial details sold to a €2bn overseas investment fund that aims to buy up 15,000 distressed homes here.

The Malta-based fund Arizun reportedly used the New Beginning database to calculate the profitability of the scheme before approaching Irish banks to negotiate the purchase of thousands of distressed loans.

Speaking to Savage Sunday on Today FM, co-founder Ross Maguire confirmed New Beginning had been working with Arizun on the scheme, but denied selling clients' details and said an email in which the names were listed was sent by mistake.

In other communications between Arizun and New beginning, homeowners' names had been omitted.

"There was an inadvertent email sent by somebody in New Beginning to one person in our partner's firm which included 1,500 names," he said.

"When that was realised, our partner agreed to, and did, delete that from their system…So that was a mistake. The question is whether it constitutes a breach of data protection."


More in this Section

Tusla whistleblower distressed after his complaintTusla whistleblower distressed after his complaint

'More deaths' unless Cold Weather Initiative for homeless activated, charity warns'More deaths' unless Cold Weather Initiative for homeless activated, charity warns

Motorcyclist, 30s, killed after collision with parked car in Co TipperaryMotorcyclist, 30s, killed after collision with parked car in Co Tipperary

HSE has spent almost €7m on private ambulances in eight monthsHSE has spent almost €7m on private ambulances in eight months


Lifestyle

Carol O’Callaghan continues her round-up of home interior shops in country towns and the outer reaches of our cities, finding more treasure troves which offer something new and a touch of exclusivityMade in Munster: The best interior shops in country towns

When the Irish Examiner broke the news that an ultra-inquisitive deer photobombed newlyweds at Killarney’s Ladies View the story went viral.Wedding of the Week: Time for Australian celebrations for bride and groom photobombed by deer

At the start of the 10th and final episode of Confronting: OJ Simpson, a series which has been downloaded over five million times since launching in June, host Kim Goldman is in tears, talking to her father about how strong he was through the murder of her brother, his son,Ron Goldman.Podcast Corner: Host relives brother’s death in famous case

Thomas McCarthy pays tribute to his late friend — poet and journalist Seán Dunne'Seán Dunne was one of the most loved people I ever knew'

More From The Irish Examiner