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Liquidator Reportedly Appointed To Hobbs Investment Fund

: 12/07/2017 - 07:54

It's reported a liquidator has been appointed to an investment fund fronted by Kildare-based businessman, Eddie Hobbs.

Around 13 million euro has been lost in the scheme known as Brendan Investments PEP, which was set up in 2007.

The funds were wiped out after failed investments in Germany and the US - the court appointed a liquidator to the firm yesterday.

It once controlled hundreds of properties, but The Irish Independent reports that just a single derelict house in Detroit and around 29 thousand euro in a bank account are what's left.

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