One individual the
Irish Independent spoke to yesterday said he had invested about €300,000 with one of the Irish firms behind Dolphin Capital, also known as German Property Group.
Most of the investors in the German firm’s doomed schemes were ordinary workers who – often on the advice of brokers – ploughed their pensions and life savings into the firm with the p romise of generous returns in the region of 12pc.
The investor from the south of the country who spoke to this newspaper but did not want to be named is in his late 60s and said he had retired from a multinational company here some years ago.