Sickening stuff. Presumably the pension he wants to use to make repayments was funded in large part by Bóthar anyway.
The gall of the man wanting to use his pension anyway. I doubt many petty shoplifters will get away with asking the shop to take the money out of their state pension when they’re caught.
Exactly, he should be getting getting fuckin thing taken off him regardless
Get CAB involved.
It’s sickening. It kills fundraising for lots of well run Not for Profits.
I’d missed this last week
Can you paste it up?
The former chief executive of Bóthar has admitted misappropriating funds from the Limerick charity and has said he shared tens of thousands of euro in cash with two founding members of the organisation.
David Moloney, who retired as chief executive in February after eight years in the position, said he and the former chief executive, the late Peter Ireton, misappropriated hundreds of thousands of euro in cash that the charity was led to believe went to nuns who work with the poor in Tanzania.
Mr Ireton, one of the founders of Bóthar, died in his home last week. On the same day Mr Moloney, who up to then had been denying any wrongdoing, admitted that he had been taking money from the charity known for its work with poor families in rural Africa and elsewhere.
Frank Beatty SC, for Bóthar, said Mr Moloney has also admitted that he “concocted” payments from Bóthar to a company in England in association with Billy Kelly, for the benefit of both men.
Limerick charity
Mr Kelly is another founder of the Limerick charity. He moved to England in 2003 and set up a charity there, Msaada, which was focused on helping people in Rwanda.
Mr Moloney has now admitted that he got £36,000 from money that nominally went to the English company and said Mr Kelly received £40,000, the Bóthar chairman, Harry Lawlor, told the court in an affidavit.
The court was told the latest assessment of the total amount that has been misappropriated from Bóthar is €769,000, up from the €465,000 the court was told about two weeks ago. Investigations are ongoing.
During Moloney’s eight years in charge. and during the period before that, when Mr Ireton held the position, cash bonuses were paid to some staff at Christmas. These payments occurred without the knowledge or consent of the board of Bóthar, the High Court was told. Bogus expenditure on charitable causes were used to justify the cash withdrawals that went to the staff, the court heard.
Donations to Bóthar were paid “to fictional projects that were fabricated by Mr Moloney, and others” so that cash could be paid to the staff, Mr Lawlor told the court. The court was told of €19,201 in November 2018, and €15,610, in 2019, which were nominally withdrawals to fund projects in Albania and Kosovo, but instead went to staff in cash.
Mr Moloney has said he wants to apologise to the charity and to make restitution, but the charity still has concerns, Mr Beatty told Mr Justice Senan Allen.
The former chief executive has not disclosed to the charity what he has done with the money, he said.
“Given the enormous sums of money that Mr Moloney withdrew, it is simply inconceivable that he does not retain a great deal of cash at this time,” he said.
Spent the money
However, the court heard that Mr Moloney’s position is that he spent the money on his lifestyle.
The allegations against Mr Moloney, of Clino, Newport, Co Tipperary, include that Bóthar funded a €10,000 hay shed on a farm he owns. He is now living on a social welfare disability allowance and has to pay a mortgage and car loans. He and his wife have two young children.
He wants to use money that is his pension fund to pay restitution, but understands that his wife has an interest in what happens to his assets, including the family home that is in his sole name, the court was told.
The court heard Mr Moloney is asserting his right to pension funds from his work at Bóthar that could be used to repay the allegedly misappropriated funds, and Mr Beatty said the two sides were very much in dispute over the pension money.
Mr Justice Allen directed that the freezing order against Mr Moloney’s assets be increased to €769,178, and that he swear a statement as to what Bóthar money was taken and his current assets by May 4th. He is also ordered to identify any third parties involved.
The judge said the order did not apply to assets held by Mrs Moloney in her own name.
He adjourned the case to June 2nd for mention.
The lowest of the low…professionals who are capable of making money other ways pulling this stuff.
So the founder was at this shit too. Presumably from the start. 30 years of stealing huge sums from people under the guise of charity and then passed it on to a few chosen mates. Utter scum.
What
A
Fucking
Cunt
They should be thrown in mountjoy the pair of them until every cent they have has been taken.
Then let them go on social welfare.
Reading this would make you sick. A send off all about how good a fella he was. ‘A keen sense of justice…’ my hole.
Just a wanker who refused to face the music when his theft was revealed.
In fairness, there’s no way of knowing what the wife knew. Obviously she benefited from it but he could just have been a great guy to her. Wouldn’t be the first person to hide their dodgy dealings from a spouse.
Unless wife had an independent income then her assets should be fair game too.
I was just reading the newspaper article. Must have been some lifestyle if he spent the guts of €800k and just has a €10k hay shed to show for it.
I’ve lost track of how many Irish charities were being run like this. They seem to have been a nice earner for a lot of people.
Bollox.
In any case, I rob a bank. Give the proceeds to the wife. She says she had no idea, and so gets to keep them. Are you fucking kidding me?
Bet the Ra wish they thought of that.
Her assets should all be fair game, independent income or not. Otherwise she just saves all hers, and spends all the money stolen from the starving.
It says the house is in his name so youd hope that’s gone but refers to her assets also. Would like to know what she has.
This isnt just stealing from their own charity, its costing millions* for every other charity out there trying to raise money in good faith.
*independently assessed figure.
this is a recurring theme in all of these financial shenanigans. the wife’s share.
IMHO, this is tantamount to the missus saaying that she has an entitlement to monies that were stolen, and it should be properly legislated for by having a provision in the family law acts that if the wife knew or shold have known that the assets of the family were fully or partly funded by criminal enterprises then the assets are to be disposed of and the monies returned to the rightful owner.
if youre going to go on the skiing holliers with the stolen money then youve no legitimate expectation to keep the stolen monies after divorce
there is no way it is just the three lads who knew about all this. Staff on the payroll/accounts, the accountant of the company itself, how does 800k go “missing” and it takes years to find out about it. And there is no way the wife didint know either. You dont go through 800k extra money over ten years without knowing something is amiss. And using the pension from Bothar to pay bothar back. A fucking cunt of the highest order and he should do jail for this. If someone went in off the street and robbed 800k from a charity they’d be strung up. This fella should be no different.
This lad is living in my home parish (originally from Limerick city I think). Married a local wan.