Ireland's former richest man Sean Quinn ordered to pay $2.26 billion to Anglo Irish Bank
Quinn named Ireland’s richest man just three years ago
Published Tuesday, November 29, 2011, 7:36 AM
Updated Tuesday, November 29, 2011, 9:52 AM
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IrelandNorth | Nov 30, 2011, 07:45 AM EST
What a surreal situation. Wealthy entrepreneure being relentlessly pursued by a broke bank since nationalised by the Irish government, while the former directors of the former bank appear to get off scot free. Casino capitalism by gamblers unaminious beign payed for with Irish citizens Confirmation money.
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RockNReel | Nov 29, 2011, 01:47 PM EST
I totally agree with captain con below. Quinn hurriedly started hiding his assetts when he knew the game was up and in fact transferred houses and assets into both members of his extended family and even their boyfriends in an effort to hide his wealth. One guy received a Laptop for agreeing to the scam. If he gets away with this its no different to a drug dealer or a gangster stashing away his assets to fool the authorities. He would be far better face the facts and pay the piper !! There will be very little respect for him if he does otherwise.
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CaptainCon | Nov 29, 2011, 07:44 AM EST
'Members of my family' ... who were enriched by hurried donations of hundreds of millions by Quinn himself into their indvidual wealth portfolios in 2008- interestingly AFTER he had accumulated debts larger than his paper wealth. So where did that money come from and why was there an 800million euro hole subsequently found in Quinn Group's affairs in Ireland? The money and shareholdings divested to family members were in the full knowledge of an evasion of seizure policy. To be quite honest this man should be under arrest and his family's 'individual wealth porfolios' frozen by court order until all assets have been determined and confiscated where necessary to repay creditors which includes the Irish taxpayer.
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