€100,000 wedding cake, billed to Quinn Company

ejmaztec · 30-09-2012 11:58AM

Just because a non-business expense gets billed to a company doesn't mean that the company claims it as a business expense. For all we know, it could have been charged to a director's account, in which case a director paid for it and not the tax-payer.

Not enough info to go on to know what happened.

My name is URL · 30-09-2012 12:18PM

Are they sure it was a cake and not just a massive pile of coke? =/

ejmaztec · 30-09-2012 12:24PM

My name is URL wrote: »

Are they sure it was a cake and not just a massive pile of coke? =/

That would be the icing on the cake if it were.

Pumpkinseeds · 30-09-2012 12:33PM

Jesus, looking at the state of your woman in the photo it just goes to show that you can't buy taste. She looks like she put that outfit together from the bargain basement at Oxfam. I'm sure it cost a fortune though. Shame she looks so bovine in it.:D Who doesn't know who paid for their wedding?

Zaph · 30-09-2012 12:41PM

Slurryface wrote: »

Like I said at the start it waould be interesting to see how the apologists for this crime gang would go about defending their greed, criminality , and excess.

Personally I'd like nothing more than to see Sean Quinn, Sean Fitzpatrick and the rest of their buddies live out the rest of their days in Mountjoy. But however crass and immoral it is to spend 100 grand on a wedding cake, and however illegal it may be under company law to charge it to a business (and maybe it isn't, I'm not a lawyer), the title of this thread is completely disingenuous. The wedding happened two years before we were lumbered with the Quinn group, and while it could be argued that it forms part of the liabilities that the state acquired, it was not "billed to the taxpayers" as the thread title suggests. If this thread title appeared as a headline in a tabloid people would rightly deride it as sensationalist or populist, and so calling people apologists for stating the obvious is more than a bit unfair imo.

entropi · 30-09-2012 12:53PM

Was the cake made of gold or something? Another fine example of theivery.

Pherekydes · 30-09-2012 01:02PM

Master of Nothing wrote: »

Was the cake made of gold or something? Another fine example of theivery.

Maybe they flew it on Ryanair.

"The excess on that will be €99500 please."

krudler · 30-09-2012 01:15PM

Rojomcdojo wrote: »

Ehm...you're not supposed to bill your wedding cake to your business.

the Quinns are like the real life Bluth family. I bet one of them got cartography lessons.

Biggins · 30-09-2012 01:59PM

Rojomcdojo wrote: »

Ehm...you're not supposed to bill your wedding cake to your business.

Legally, its a misappropriation of funds UNLESS the purchase of the cake can be show for example as a (PR?) expense which might be seen to be advancing the interests of the business from which it was purchased.

ehmjay · 30-09-2012 02:08PM

Was it insured?

30-09-2012 02:14PM

ehmjay wrote: »

Was it insured?

Yeh for hundreds and thousands

the culture of deference · 30-09-2012 02:19PM

Deleted User wrote: »

Yeh for hundreds and thousands

Anyone know why we are all paying a levy for this lot

ejmaztec · 30-09-2012 02:20PM

Biggins wrote: »

Legally, its a misappropriation of funds UNLESS the purchase of the cake can be show for example as a (PR?) expense which might be seen to be advancing the interests of the business from which it was purchased.

See my post No.33:P

I don't think that a business can claim an expense on the grounds that it would advance the interests of another unrelated business.

Biggins · 30-09-2012 02:26PM

ejmaztec wrote: »

See my post No.33:P

I don't think that a business can claim an expense on the grounds that it would advance the interests of another unrelated business.

We're thinking upon the same lines.

I agree but a good solicitor/account can be very imaginative when it comes to 'creative accounting' of expenses - and sadly lord knows we have had many examples of that in Ireland!

ejmaztec · 30-09-2012 02:36PM

Biggins wrote: »

We're thinking upon the same lines.

I agree but a good solicitor/account can be very imaginative when it comes to 'creative accounting' of expenses - and sadly lord knows we have had many examples of that in Ireland!

It's unfortunate that in true Indo style, we've been given only a fraction of the story i.e. the bit that winds up the tax-paying public.

All of the audit firms that I've worked for over the years wouldn't have allowed the company to claim it, and would have charged it to the relevant director.

kowloon · 30-09-2012 02:38PM

Pretty sure a wedding cake for the daughter isn't a valid business expense. Probably got away without paying the reduce VAT for cake. €13,500 right there :pac:.

recyclebin · 30-09-2012 02:44PM

How can a cake cost €100,000? Did Bertie make it or something?

jimmynokia · 30-09-2012 02:48PM

anyone got a photo of this cake?

Biggins · 30-09-2012 02:50PM

recyclebin wrote: »

How can a cake cost €100,000? Did Bertie make it or something?

Na, he has a good alibi.
He was busy else where cooking the books ...horse racing ones of course!

30-09-2012 03:49PM

Misleading thread title changed

30-09-2012 05:56PM

Gotta love the Irish.. You think anyone in the UK cares about the coffee the employees of Northern Rock drank during break before it was nationalised? No different apart from the media finding a cake more dramatic and therefore, appealing to the Irish masses.

Guy:Incognito · 30-09-2012 06:09PM

Deleted User wrote: »

Gotta love the Irish.. You think anyone in the UK cares about the coffee the employees of Northern Rock drank during break before it was nationalised? No different apart from the media finding a cake more dramatic and therefore, appealing to the Irish masses.

They might if the coffe was £5,000 a cup.

TheUsual · 30-09-2012 06:10PM

Some feckin cake, maybe it's like the "James and the giant Peach" story and the Quinn family can live in and eat it for generations.

OurLadyofKnock · 30-09-2012 06:11PM

We live in a three tired society.

30-09-2012 06:23PM

Guy:Incognito wrote: »

They might if the coffe was £5,000 a cup.

Being paid for by the company? No they wouldn't care and nor should anyone. You can't list every expense a company has ever had as a public liability if it's nationalised afterwards.. It's illogical especially in the Quinn case since his losses didn't come from bad money losing management, they came from one massive bad decision.

RobbingBandit · 30-09-2012 06:29PM

They mixed up the billing, the €100,000 cake was due to go to Sean junior in prison. Money for bribes and what not.

ejmaztec · 30-09-2012 06:38PM

RobbingBandit wrote: »

They mixed up the billing, the €100,000 cake was due to go to Sean junior in prison. Money for bribes and what not.

His cake's got a file in it.

yore · 30-09-2012 06:58PM

Deleted User wrote: »

Gotta love the Irish.. You think anyone in the UK cares about the coffee the employees of Northern Rock drank during break before it was nationalised? No different apart from the media finding a cake more dramatic and therefore, appealing to the Irish masses.

How would they feel if they found out that a director of Northern Rock, knowing the Bank was hurtling towards it's liquidity crisis (i.e not enough available cash to pay off their borrowings when they mature in 12 months or whatever) decided to spend the banks money on his daughters wedding. Including 100k on a cake.

Don't forget that it paid for the whole wedding. Not just a cake.

Anybody knpw how much BIK was paid by the daughter on this?

Quinn insurance was a ponzi scheme. Bernie Madoff and his family lived a
nice high-flying lifestyle until his collapsed.......do you think it'd be very "Irish" to criticise him for doing that? After all, sure the authorities didn't know there was anything wrong at the time. That's ok so, eh?

Employees drinking coffee me hole.

the culture of deference · 30-09-2012 07:09PM

ejmaztec wrote: »

His cake's got a file in it.

They put one for each of them in it, just in case like.

http://img.ehowcdn.com/article-new/ehow/images/a06/b2/vp/metal-deburring-tools-1.1-800x800.jpg

YFlyer · 30-09-2012 07:34PM

Deleted User wrote: »

Yeh for hundreds and thousands

http://www.sweetdesiresparties.com.au/baking-supplies/natural-food-colours-and-decorations/100s-1000s-natural-colours-pink.html

€100,000 wedding cake, billed to Quinn Company

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