RTE Investigates have some great programmes. Tonights looks great!
This was filed last year. I knew nothing about anything till the programme last night. I’m quite proud of my investigative skills 😂
It's actually amazing with a little effort, name, business name what information is out there but yes, some posters have come across some extraordinary details , Miss Marple would be envious 😁
If the son bought the house and shop from parents...then said parents must have a large wad of cash in bank?
Where did this money go?
Some fascinating digging done in this thread. Kudos to all.
All very true, which makes what happened all the more extraordinary, she's been at this type of shenanigans since 2010 , I'm just amazed not a single one of the people featured didn't do a quick Google search on her.
I'm delighted that the neighbour who bought the old couple's house is allowing them to live in it.
Have been doing some reading on her. Swindled her brothers business, owed 70,000 to revenue, stole 7,000 from previous employer for which she appeared in court but was as calm as could be when confronted! One dangerous lady..
Hockey stick down across both of her knees is the only job!
These con artists are gas the way they still maintain the lifestyle regardless of how many they swindled. So she still has the gym ,golf and hockey club membership. What other perks does she enjoy?
Lol, she'd make a Nigerian Prince blush 🤣
And on a lighter note...
Just watched on Player after reading here. I'm gobsmacked..how is she still walking the streets? And she is so calm. The really sad part is theres no money left for anyone to get. I hope they throw the book at her for everything they possibly can. It's not her first offence so she should face the full extent of the law..
They were a sub prime mortgage lender for a while, lending to people that the other banks didn't fancy. Hence they ended up with a higher proportion of defaulting loans. They were one of the first out of the blocks with repossession proceedings while the main banks were hesitant for political reasons. It was one of their cases, Start v Gunn, that uncovered a legal issue that put a lot of repossession cases on hold for years.
Yes as I mentioned they did originally, Taylored loans, I thought it was just commercial but your correct I'd forgot about the equity release frenzy. My primary point, more recently they stopped doing new mortgage business , both commercial and consumer and only manage current portfolio, primarily made up of distressed mortgages they purchased from various institutions.
No, Start were involved in the whole 'equity release' fad that took place during the boom, where homeowners took out second mortgages on their homes. They were just a lot quicker to start chasing repossessions when the loans were defaulted on.
Anyway there is zero evidence they had anything to do with Catriona Carey.
They did, I believe do Taylored , very specific mortgages, mainly commercial but recently stopped underwriting new business and just manage existing portfoliothey purchased at substantial discounts. In essence they are a Vulture fund.
Interesting the overlap with the 'Freeman' con artists like Charlie Allen. It just demonstrates how many grifters came to the fore (and some remain there - Ben Gilroy et al) in the chaos that followed the property crash.
Thanks for that...I thought they financed first day mortgages for homeowners
Start are in the business of purchasing distressed mortgages at substantial discounts and are ruthless in every respect . As far as I'm aware to don't underwrite new mortgages, just manage ones they've purchased at substantial discounts. They are also the most proactive in relation to seeking repossessions
I suppose these mortgage only companies more so than the traditional banks and building societies may be easier to get a mortgage from but more ruthless if repayments are not being paid on time
The thing is that lenders cannot sell loans to entities who are not authorised by the central bank.... Therefore even if she genuinely saw a way of helping people while also making a profit for herself (which she had no intention of anyway), none of the lenders would have engaged with her. So the whole thing was a scam.
Start mortgages have been around for years. Surprised you never heard of them, they constantly been mentioned in the media.
She,Carey, should team up with the Tinder Swindler!
Mother of God, I wonder was there some cheap Loans approved from there recently
The company was never regulated by the central bank so didn't have the authority to negotiate with the lenders in the first place.
Of course they were looking for the easy way out and Catriona offered it to them the greedy and the stupid are the best prey.
Absolutely you will not be fcuked out in this country if you make an effort to engage banks rather something than nothing these are freeman on the land types who thought the bould Catriona would help them get one over on the banks fcuk her and fcuk them.
The woman in Cork and the fella in Dublin seem to be genuinely struggling the rest are where they are because of bad business practices they borrowed money they shouldn't have and are trying to get away without paying it back. Her and her crew here are simply continuing the 2013 scam run by Charlie.
agree or would have gone to garda immediately instead of listening to excuses for two years. the guy who had the truck business and bought his parents business, sounds like he wanted out of his responsibility. The person who filmed her was pretty smart, not the sort to be scammed
Cateriona was right not to talk to the journalist though. They are not gardai. youdon't even have to talk to a garda. The victims should have gone to the garda in the first instance
Barrister suspect is on the board of Firhouse Credit Union !
I'm certainly not an expert on contracts but I'd be sure they'd have had more use if rolled up and used as Toilet paper.
Nothing in them could have legal standing as they would be based on assumptions that would be near impossible to achieve. There is the Deposit return but we've not even seen what if any guarantees were offered regarding their return. Your completely correct , absolutely Zero chance of any money being returned, albeit I have a niggling feeling one or two already have their money back and possibly with interest, so to speak 😉
I Agree...but the clients of this scheme all seem to have Carey as their main contact in the programme even though it now looks like a organised network involving other contacts Carey was involved with
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