Almost 800 Irish retail investors who put a total of €41.3 million into a company that put their money into an alleged German ‘pyramid’ scheme called the Dolphin Trust have been told that the sale of dozens of German properties they have invested in will “only realise a fraction of the total investment.” A note to investors in Dolphin, which was later renamed the German Property Group (GPG), sent this morning by the official liquidator to a company called MUT 103 Ltd by accountant Myles Kirby of Kirby Healy, also reveals some of the areas he is investigating including salaries,…
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