Last Thursday, 50 creditors of Brendan Investments Pan European Properties (BIPEP) Plc turned on their computers in the morning and logged into a Zoom meeting. In stark contrast to the 2007 nationwide roadshow fronted by the former television presenter and investment advisor Eddie Hobbs, this annual general meeting was a subdued and, at times, an angry, affair. Brendan originally raised some €12.7 million from 800 investors; and the plan was to deploy their money in Europe rather than Ireland, where there were no longer any bargains to be found. But it all went terribly wrong, leading to the High Court…

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