Dolphin Trust: ‘I don’t know if it was illegal, but it was certainly immoral’

An investor who put his pension into the pyramid scheme has said it is ‘shocking’ that regulated financial advisers assured him his investment was secure

7th March, 2021
Dolphin Trust: ‘I don’t know if it was illegal, but it was certainly immoral’
Charles Smethurst, the founder of Dolphin Trust: ‘he looked so suave and convincing in the glossy brochure’

An investor in Dolphin Trust, the collapsed German property fund where thousands of Irish people fear their money has been lost, has expressed shock at the chain of events that led to this point.

The investor, who did not wish for his name to be published, will be among those watching closely this coming week at the outcome of a petition to wind up a company linked to Dolphin Trust’s Irish investors.

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