Morrogh clients await €16m after collapse

ON this day three year’s ago the country’s only non-Dublin based stockbroking firm W&R Morrogh ceased trading following a massive internal fraud at the firm on Cork’s South Mall.

The sudden closure of a firm held in the highest regard sent shockwaves through the city’s tight-knit financial and legal community.

This has been, and will continue to be, a slow and torturous process but as usual it is the ordinary investor who is on the wrack. A full three years later Morrogh clients finances are being stretched as they cannot get their hands on more that €16 million owed to them.