Elderly couple’s loss of €1.25m savings a ‘Celtic Tiger tragedy’

An elderly couple who lost their entire life savings in a failed investment were granted judgment for €1.25m in the High Court.

Mr Justice Nicholas Kearns, said the case of Teresa Dillon, 84, and her husband Patrick, who is deceased, could only be described as a “Celtic Tiger tragedy”.

The Dillions, of Gort Na Mona Drive, Foxrock, Dublin, lost their life savings after €1.25m was invested and became, as the judge described, “utterly worthless”.