Freezing orders sought against financial advisor

A Dublin man has sought freezing orders from the High Court against a financial advisor and two associated companies over the alleged non-return of €159,000 advanced as an investment in 2017. Jamie Murphy claims that James Doherty, operating as Demvera Capital Partners with a registered address in Dublin 4, misappropriated funds intended for investment in a disability home-care firm. One of the defendant companies, Demvera Trust unlimited Company, is registered at Burnfoot Business Park in County Donegal. Murphy contends the money, drawn from a trust fund and personal savings, was never invested as agreed. Efforts to recover the funds have been unsuccessful, with arranged meetings cancelled by Doherty, who cited ill health. Murphy's private investigator has been unable to locate Doherty, believed to be in the UK. Doherty does not appear on any registered accountancy body roll in Ireland, Northern Ireland, or the UK. Ms Justice Leonie Reynolds granted permission on an ex-parte basis to serve short notice of proceedings. The matter will return to court later that week.