The High Court has struck off a Cork solicitor found by the Law Society’s disciplinary tribunal to have improperly used client money to fund her property portfolio.
The order was made against Deirdre Foley, who had formerly practised as principal of the firm Foley McNally and Goldberg, Popes Quay, Cork.
In an affidavit, Ms Foley said the issues complained of arose at a time when the banks were issuing loans “like hot cakes”, and not enough attention was paid in relation to the securities.
She had not profited from any of the transactions and was left with a bundle of “particularly invaluable” assets with substantial liabilities. She said there was never any intention to defraud or mislead anybody.