Report on collapsed CHC pegs liquidator’s fees at €1.1m

The 1,400 investors who lost money in CHC may face several more years of delays

Harry Cassidy

The latest report on the collapsed investment firm Custom House Capital (CHC) shows the official liquidator’s fees over a three-year period were fixed at €1.1 million.

The legal costs of winding up the Ponzi scheme, which led to the misappropriation of €66.5 million in client funds, reached €542,492 last November. The sums were approved by the High Court late last year.

In the meantime, the 1,400 investors who lost money in CHC may face ...