Dolphin Trust assets worth ‘a fraction’ of funds raised, Irish liquidator warns investors

Myles Kirby, the court appointed liquidator of Dolphin linked company MUT103, has said ‘it remains to be seen what funds, if any’, will be available to distribute to investors

Charles Smethurst, founder of Dolphin Trust which German authorities have described as a ‘pyramid scheme’, and his wife Manou Lenz, fashion retail businesswoman. Photo: Getty