Eleven years, €11 million and 800 investors later, this house is all that is left of fund linked to Eddie Hobbs

It was a multimillion euro investment scheme fronted by TV personality Eddie Hobbs. But more than a decade after it was set up, all that Brendan Investments has to show for its activities is a rundown house in Detroit worth €7,000 - leaving hundreds of creditors nursing huge losses. This is the story of how it crashed and burned

10th December, 2017
Eleven years, €11 million and 800 investors later, this house is all that is left of fund linked to Eddie Hobbs
16833 Saint Mary’s Street on the west side of Detroit

Extra chairs had to be provided for the 60 creditors who, last Wednesday, piled into a room in the basement of the Grand Canal Hotel in Dublin 4. An elderly woman with a crutch was helped to a seat at the front. This was not a meeting of high rollers.

Number 16833 Saint Mary’s Street on the west side of Detroit is a sorry sight. Built in 1939, the front door of the small former family home...

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