The Central Bank is warning the public against using a company it says is an “unlicensed business” because former international hockey player Catriona Carey is its sole director.
On its official website, the Central Bank published the name of what it called “an unauthorized company, Careysfort Asset Estates Limited”, providing financial services.
The Central Bank is able to appoint its business under the Central Bank (Supervision and Enforcement) Act 2013.
In a statement, the Central Bank said: “Careysfort Asset Estates Limited is an English registered company with its registered office at 22 Wenlock Road, London, England N1 7GU. Catriona Carey is the sole director of Careysfort Asset Estates Limited. .
“The Central Bank considers Careysfort Asset Estates Limited to hold itself out as a person whose business consists wholly or in part in providing credit directly to a relevant person, but it does not hold any authorization from the Central Bank as a retail credit.”
The statement continued: “It is a criminal offense for an unauthorized business/person to provide financial services in Ireland which would require authorization under the relevant legislation, which the Central Bank is the body responsible for the app.
“Consumers should check Central Bank records online to find out if a business/person they are dealing with is authorized. Consumers should be wary of advertisements offering loans from unauthorized companies or individuals.
The Kilkenny woman made headlines last February whenaired a program detailing alleged fraud complaints about his asset management company Careysfort Asset Estates.
Officers from the Garda National Economic Crime Bureau are currently investigating 39 complaints against the 43-year-old. Dozens of homeowners who have found themselves in financial difficulty over mortgage repayments claim she cheated them out of thousands through her mortgage scheme.
The company offered to resell the mortgages to the original borrower at the same discounted price he had paid. On top of that, Careysfort Asset Estates would give people a new loan, at a rate of around 5.5%, to enable them to redeem their mortgage – in essence a friendly vulture program.
Ms Carey, who earned 72 caps playing hockey for Ireland for eight years before retiring from international play, appeared in Kilkenny District Court last month on charges of conduct.
The 44-year-old was given a three-month suspended prison sentence and a four-year driving ban after admitting to driving without a license or insurance twice in one month.