Broker took out fictitious policies to gain commission

A Meath insurance broker who took out 38 fictitious policies in order to be paid commission totalling €109,000 will be sentenced in October.

Clare Dooley, aged 43, who later founded Moneybloom which helped restructure loans for those in mortgage distress, committed the offences following a failed business venture in 2011.

The insurance company has since been repaid and nobody is at a loss.