Quinn sold assets of almost $200m in return for a laptop and €1,000

http://www.rte.ie/news/2011/1011/quinn.html

wtf, will this prick get away with this sh1t too....?

there has to be some law to jail him....

aoshea83

Fcuking expensive laptop :eek:

mickydoomsux

Terrible negotiator.

Did he get a bag with the laptop at least?

aoshea83

Check that, it was probably a high end Mac

Stinicker

Fianna Fail, the party you can trust

sundula

Explains his Anglo share buying, I must give him a call and see if he would be interested in some magic beans.

In the real world - it would be interesting to see what all those loyal Cavan supporters and employees who rallyed around and objected to the State trying to get something back out of the business would have to say about how the Quinn family have been carrying on.

Actually if you read the article he only paid $13.5m for the laptop so he might have actually got a good deal - better than the €1bn for the Anglo shares for sure.

it is the payment of the $180m for assets worth $1k that is really bad judgement.

"But sure not a word against him, isn't he a good man, who did lots for his county".

Well he has defrauded the country of billions - so I argue that he has even done more there....

TheZohanS

For mobile users:

Anglo Irish Bank has alleged that the Quinn family engaged in an orchestrated attack to put assets beyond the reach of the courts and the bank.
RTÉ News learned that the claim was made in a court in Cyprus as part of an ongoing battle between the bank and the family.
It said the family sold assets worth almost $200m to people related to the family in return for a laptop computer and €1,000.
A source close to Quinn family said the allegations were spurious and were another attempt on behalf of the bank to to blacken the name of Sean Quinn and his family.
The source said no court had made a finding of impropriety against the Quinn family.
The Quinn source pointed out the issue had arisen in court as part of an attempt by Anglo to have an injunction lifted which prevented the bank from involvment from certain Quinn companies.

Anglo Irish Bank lent the Quinn Group €2.8bn.
The ultimate shareholders of the group are Sean Quinn's wife Patricia their five adult children Aoife, Collette, Brenda, Sean Jnr and Ciara.
The company is unable to pay the debts.
The bank has been trying to seize valuable international Quinn properties.
Today in a court in Cyprus, Anglo alleged that members of the Quinn family engaged in transactions to sell assets to people connected with the family for far less than they were worth.
In an affidavit, Anglo said Quinn children engaged in "transferring, for approximately €1,000 the assets of Finansstroy worth $180m to Peter Quinn, their first cousin, and the assets of Red Sector worth approximately $13.5m to Aoife Quinn's husband (Stephen Kelly) for a laptop computer."

I wonder how many tribunes will happen in a few years when NAMA and the rest of these instruments are found to be corrupt.

Ghandee

**adds a few 0's on to Asking price of his laptop on done deal**

mikemac

He's a great man OP, a hero in Cavan

That claim in the article is just a conspiracy from the Dublin medja

Kevin Duffy

The way things are going, that might turn out to be a good deal.

General General

Irish people can see where they stand, that this guy & his family haven't seen all their assets frozen... plus all assets transferred on the sly.

What a clever little c.u.n.t. Canny.

Clearly, he isn't so sure his business savvy & networking skills will be enough to start up all over again, so that he could pay off what he owes.

Every day I see this kind of thing, I can understand more & more the brutal treatment handed out by revolutionary forces in the past to the privileged.

Bannasidhe

General General wrote: »

Irish people can see where they stand, that this guy & his family haven't seen all their assets frozen... plus all assets transferred on the sly.

What a clever little c.u.n.t. Canny.

Clearly, he isn't so sure his business savvy & networking skills will help him start up all over again, so that he could pay off what he owes.

Every day I see this kind of thing, I can understand more & more the brutal treatment handed out by revolutionary forces in the past to the privileged.

Anyone know where I get a guillotine? Am prepared to pay with a dying laptop (no bag) and half a bag of jellie beans I found in the car today (with extra added dog hairs thrown in as a sweetener).

Cicero

After all he's been through, he still hasn't learned what it takes to put a good business deal together..you'd think he'd have learned something by now.:pac:

7sr2z3fely84g5

Must had sold them on adverts.

Domo230

Domo230 wrote: »

Don't hate the player, hate the game

no I choose to hate the cnut.

maringo

Zero marks for entrepreneurship I'm afraid :rolleyes:

Dotrel

Hope he got a free magnet with that laptop (so he can wipe the harddrive quickly when the police break his door down).

woodoo

Is that not fraud/deceit? Put some of these f***ers in the Joy. I'm sick of this untouchable arrogance.

Wetai

Dotrel wrote: »

Hope he got a free magnet with that laptop (so he can wipe the harddrive quickly when the police break his door down).

Thermite.

Liam Byrne

glasso wrote: »

http://www.rte.ie/news/2011/1011/quinn.html

wtf, will this prick get away with this sh1t too....?

there has to be some law to jail him....

Just visited that article and nearly broke down laughing......the ad at the top of the page was for......wait for it......Quinn Direct!!!

We've to pay for that ****hole even if we never did business with it!

Although hang on.......if their head guys and assessors reckon that a laptop is worth 200 million.......oops! There goes the full coffee mug!

Anyone have Quinn Insurance's number?

Avago

I remember a rare enough interview he did just before everything went to sh1te, about how he plays a poker game on a tuesday night with his good buddys. They only ever bet €5 each and everything sounded very quaint.

It would have been nice if he ran his professional gambling career as prudently as his private one.

Cant really blame the people in the border counties for sticking up for him - he provided them with a decent living and none of the ordinary workers would have seen this stuff coming

bicardi19

mikemac wrote: »

He's a great man OP, a hero in Cavan

That claim in the article is just a conspiracy from the Dublin medja

Yeah, cause no-one in Cavan has a mind of their own.:rolleyes:

CoolHat

So the Quin family "sold" their assets to close people within their family so the law/courts could not touch it...

Its the classic thing like selling a house for 1 euro. Its still legal.

Guy:Incognito

Domo230 wrote: »

Don't hate the player, hate the game

Exactly. It's **** for everyone else, but anyone that says they'd do different is lieing. If you were told you can give up all your money or here's a perfectly legal way of keeping it, how many people would hand it over?

Dyr

edit: pfft beaten to the punch

galwayrush

Domo230 wrote: »

Don't hate the player, hate the game

But the players made extraordinary rules up as they played the game....

Standard Toaster

Those Alienware laptops are crazy expensive alright

squod

No one cares.

Spunge

Instantly reminded me of madbid.ie ads.

ascanbe

Domo230 wrote: »

Don't hate the player, hate the game

Or change the game..
As they did with CAB when going after the assets of others dealing in far lesser sums.
Of course, they'll have to actually bother getting around to investigating these people, first; certain people in Ireland are still deemed above that, no matter what the damage caused.