Insurance agent in €215k fraud

A financial advisor for Canada Life committed fraud to the tune of €215,000 by creating fictitious insurance policies for clients that did not exist, a court has heard.

Patrick Walsh, aged 33, of Crawford St, Bruff, Co Limerick, is to be sentenced on Monday at Dublin Circuit Criminal Court after he pleaded guilty to 75 charges relating to fraud and theft.

Walsh was a tied agent with Canada Life Assurance Ireland from February 2010 to November 2011, when the offences came to light. His agency was terminated.