Spot on

In fairness to him he can do SFA as long as SQ & family (5 kids) continue to defy court orders. His biggest down fall was admitting that he had no problem lying in front of a court of law.

Nice to see the GAA team out to support their own. Quinns are battling a nationalised bank, the Government, Courts and the hardest battle of all, the biased Dublin Media. They need and deserve all the support they can get. People need to stand together when they believe an injustice is being done.It is obvious to a lot of the Country the Quinns are being made scapegoats and i assure you it is not just in Cavan/ Fermanagh they have support, They have a lot of support nationally which is becoming international.

@Laura – while i’m cool with a parochial club expressing a parochial opinion – i think you might want to slow down before you accuse too many people of being biased!
they have been caught on camera expressing no qualms about lying in court! they gambled their entire fortune in some kind of attempt to gain control of Anglo – cos its seems being a billionaire wasnt enough!
every single piece of evidence that has emerged has been damning against them!
i really dont know how else you expect the nation – and it seems the world – to see this family?!

Are you for real Laura??? get a grip. The Tripe in your comment is exactly what is wrong with this country, banana republic.

So you’re blaming Quinn for the recession? Is that the one here or the one worldwide???

If you’d read my comment properly you’ll note I said ‘and his like’!

You did not state ‘and his like’. But ‘the likes of the Quinns and their dodgy business dealings’….Silly comment.

Same difference Edel!! The Quinns may have benefited Communities in Fermanagh & Cavan with employment in the past but that’s fook all comfort to the rest of the country who are now footing the bill for the likes of the Quinns (& their like!) business dealings that lead to the banks being bailed out!!

Assume it will come from the companies they are claiming ownership of in Russia / Ukraine. Remember no court has found that Anglo owns these assets . Quinns are saying they own them . Only way taxpayers lose is if Quinns lose their case, then Anglo can’t recover the assets and. If Quinns win which looks highly likely after the Anglo arrests then the assets are theirs ,and if they take a salary of 1 million a week that’s their business once they pay their tax. Ansley chairman of Anglo is on € 840,000 plus expenses.

Fiona I think you are confused/ The Russia/Ukraine businesses are related to a loan on those properties nothing to do with the share or rather CFD issue.

No Maura , Im afraid you are wrong, clearly stated in Court proceedings, Anglo advanced no money to Russia or Ukraine, which is why the Quinns fought them from taking over these properties. Properties like the Slieve Russell hotel and the 2,000 bedroom hotel in Prague, Anglo did advance the undisputed 450m to, which I guess is why the Quinns never fought over these assets. If the quinns win their share support case, Anglo/Taxpayer has no right to these properties. However if they lose their case, taxpayers have been screwed for 500m. Fiona you are also wrong. Mike Ansley CEO IBRC is on €910,000.

There is no comparison is Bertie’s family members in jail? Did he lose one penny of his perks? Another stupid sheep comment. If any business person or anyone with any sense is left in Ireland watching this horrific robbery of Quinn’s they will take their brains and business and leave

It would seem from your writing that you are the one smoking……

You didn’t see people queuing up to defend Fitzie after all the jobs he created. Sure the poor man was only caught out by Lehmans. See? You can’t keep passing the buck.

Ah here that comment needs a bit of justification?? They built an excellent business in an area otherwise starved from employment opportunities!! Yes they did make major mistakes but they did do an awful lot of good for the area!! Didnt see too many other people queuing up to start an insurance business or an insulation manufacturing business to name but a few in the BMW region of the country!!

I’m sick of hearing crap like ‘they did great things for the area’ are the Quinns paying the mortgages of the poor people that lost their jobs because of his gamble?? Get a grip of yourself, he’s a gangster

Brown Envelopes? Don’t think you could accuse them of getting much help from either local or national government….

Ah yes Michael and once Anglo get the money from Quinns they’ll magically write off all those mortgages! An what about those thousands of people employed by the Quinn group and there mortgages?? Where would the people of that region have gained employment if the Quinn group never existed! Yes I know they got greedy but still you cannot just rite off all the good they did!!

People would still have their jobs only for Quinns gamble and wouldn’t have trouble with their mortgages, fair play to the man for providing employment in his local area, but in my opinion he wrecked all his good work by taking money out of his insurance company to finance his gamble with Anglo

This is his local club coming out in support of him not the entire GAA. There are plenty of GAA people all over the world that despise Quinn for what he’s done. Your attempt to peddle your own anti-GAA agenda is pathetic.

I don’t think Peter Quinn had much choice actually. He had undone anything which he could undo. Enda Kenny himself has got involved in the Ukraine, but without success. Anglo were looking for the impossible, and were baying for blood. Peter knew what the end result was likely to be, so honestly how many of us wouldn’t have done the same??
As for being “there for the good times only” I don’t think anybody could say that the last two years were in any way good for the Quinn family!

Tonya did you see the ‘secret’ video of the meeting in Ukraine?

I didnt mattoid. Share a link, please

Jesus wept Tonya! Were the Quinns running a business or a cult?
He was in contempt for what he did, not for what he didn’t undo.

……………………….. ?

Did you hear about that Batman film opening?
Platitudes, my friend.

Yep, got me in one…..being paid ppl…..?
We would be better off if guys like Anglo’s McKillop were not getting paid 1000 quid an hour by us….

A bird in the hand is worth about five euro.

I red-thumbed you, you can’t even get that right. It says a lot about the quality of the Quinn supporters.

Tonya, the family agree they owe 450million, never mind the rest. Why did they not pay the 450 back out of the 500million in assets that they admit putting out of reach. Greed and an unwillingness to admit its all over.

Having seen how they are trying to hide all there assist are you do naive to believe a word any of them say.

More eejitry. Look, Quinn brought this on himself by gambling on CFDs. That’s pretty irresponsible. He doesn’t give a damn about the little people, otherwise he would not have brought this on their heads. Not only that, Quinn wasn’t operating according to the rules of the insurance industry. Do you realize the damage that fact did to Ireland? ie one rule for Irish companies and a different one for foreign competitors based in Ireland – who also provided significant employment I may add. Quinn is just a robber baron. Anyone supporting him is simply deluded … or well paid by the Quinn family.

John mcg
Quinns paid back the 450m ,Anglo got properties in prague,uk,turkey,and Ireland which were valued at over 450m they were handed over last year yet Anglo and their PR camp have not yet reduced the debt, they are still spouting on about 2.8b . Quinns are disputing 2.3 and have closed in to protect the remainder of their assets. That is why they moved their Russian assets, the 450 has been repaid. Why aren’t Anglo reducing the debt as they liquidate the assets. It’s all a PR scam, Quinns defo scapegoats for the Dublin media

John McG,
Commentators really need to educate themselves. Quinns say they owe €450m. Quinns say they have repaid more than €450m. IBRC say they owe €2.8b, IBRC unable to subtract and cannot /or will not tell the taxpayers how much they have realised from the properties they have taken of the Quinns. The Quinns now state they owe nothing to IBRC as they have repaid the 450m, and have testified they are moving assets out of Anglo control, as they owe no more.

@ censored: He didn’t ‘bring it on our heads’, as you put it. Quinn took out the CFD’s from Anglo. His debt is with Anglo. The amount of debt he owes is hugely in dispute at the moment. Until it is proven that he owes the 2.3 bn more, Sean Quinn has paid off the 450million that is undisputed. Why would he not take it out of reach of Anglo. Who says he owes Anglo anything more? They’ve taken what they are owed. The people who ‘Brought this on our heads’ were our government. They decided to burden the tax-payer with ANGLO’s debt. If he hadn’t moved the assets out of their reach they’d have taken everything….without knowing if they have any right to it or not…let the courts decide if they have.!!!!

And if the courts decide that Quinn does actually owe the money, will you then (finally) admit to the facts of the situation or will you keep yelling about “unfair” treatment?

Censored: Don’t you mean IF Quinn’s get to bring their case to the court? There seem to be a whole lot of people in this country who are trying their best to make sure that this case against Anglo never sees the courtroom. Something stinks about this whole thing. Sean Quinn is being protrayed as the devil incarnate by the media…playing right into the hands of Anglo/ the government. I will be happy to believe whatever a judge rules on this case is accurate…as long as it IS a judge and not a toxic bank doing the ruling on it….

I mean “when”. That’s if they can find any of the absconding Quinn family.

hold up there a sec now Edel – if they’ve paid off so much of their debt then what do you think they’re doing in court??

That’s my point. We are getting such a one sided slant on this whole story. No mention by Anglo of all these assets sold…..No mention of how much we are paying Anglo’s top dogs….Quinn has paid hundreds of millions off his debt and that is a fact.

sorry Edel – that question was supposed to be rhetorical!

ok so if he has for a “fact” paid off hundreds of millions of his loans – then why doesnt’ he tell us about it?? why are you expecting Anglo to do all the running for you??

indeed if you yourself have the facts then out with them!!??

I’ve paid loads off my mortgage, how about we forget the rest of it?

Rob, he did tell us. Read Sunday’s Daily Mail. It lists the properties that Anglo took off him, it also lists the percentages they own in various Quinn companies through which they receive profits.
I cannot remember the exact figures Anglo received for big sales such as the Belfry, the Hilton etc…maybe you should find that out yourself!
Mail on Sunday Rob…..eye opener for the ignorant.

Edel – sorry to keep hammering away here – but are you really telling me that you think he doesn’t owe any money? and that this court case is a sham?? i’m not sure what exactly they were telling you in the Daily Mail but in my experience anyway banks dont bring random punters to court asking for money! 9 times out of 10 you’ll find theres a big lump of debt there so i’m completely confused as to what your problem is with Anglo going after these loans!

’9 times out of 10′ Rob. You said it! There is that other percentage. Quinn has paid back the 500 miilion he owes. There is a dispute as to whether he owes 2.3 billion more. That case is going to court. Anglo don’t want that case to go ahead as they know there is a high chance they will lose, so they are trying to distract the general public. Since taking over Quinns 27 months ago, Anglo’s top guys have paid themselves 400 million, they have done stupid things to ruin the Quinn business such as cancel GAA sponsorship and antagonise suppliers. These guys come from Scotland, England etc and don’t seem to know the importance of local communities in running businesses here. And people are outraged when Sean Quinn decides not to hand over everything to them without a fight?

I’ve always admired the GAA, and hate to see them being dragged through the mud by their association with the Quinn family. I’m sure this is just the local club and not the organization that’s expressing support.

Not raw enough

Nah. They’re stupid.

The “Raw” Deal:
“Give back the half billion euro you stole.”
“No!”
“OK then. 90 days in the pokey for ya!”
Heartless judiciary, isn’t it?

I can understand Fermanagh people supporting them as they are not carrying the bill for the Quinns’ actions but surely the people of Cavan must be a little peeved that the family has deliberately sought to defraud the state of half a billion euro?

@ seamus mc dermott: They stole it? They believe that they do not owe this money to Anglo and are in the middle of a huge case to prove this. Until it has been proven that they owe the money, how can anyone say they stole it. Unless you have a magic ball, i can’t see how you can call it ‘stealing’. Anglo aren’t exactly made up of pillars of society…who’s to say who’s right or wrong. Let the courts decide

Ah yes, the D’Unbelievable defense. I’ll try that one with my bank manager.

Well if your bank manager told you you were paying into an account that was worth 5 horses and you realised that it had only been worth 1 donkey at the time of purchase..you might have a case. Also i don’t know how it could be legal to come to all the Quinn family 5 months after they had signed for the loans, and ask them to sign that they had had legal advice prior to signing…..Or would your bank manager give you a loan so that you could put the money back into the same bank so that Jimmy up the road would think that the bank was much better than it was. Comparing your situation with your bank manager is completely irrelevent to the Quinn’s situation and the case they have against Anglo.

Parish politics at its worst..maybe the Quinn family should start their own party & run in the next election as judging by you & your friends Edel they would romp home…

horses and donkeys? Well, thanks for the laugh. Perhaps I would have a case if the bank manager came round to my house and held my family hostage while forcing me to sign up. However, if I voluntarily of my own free will enter into a criminal scheme … well then?

so was “working off the debt” what was going on in Ukraine??

Emma, you need to look into the details of that scheme before making these claims.

Clearly not, because that idea was dismissed because of greedy administrators!!

Mr Kevin Lunney and Mr Dara O’Reilly had more than 30 meetings with Anglo executives in 2010 alone, developing a seven-year plan that would have seen all €2.8bn repaid, and would have seen the Quinn family effectively work for the State until this was done. The plan was developed with BDO and the forecasts and projections were reviewed by Deutsche Bank. ‘For reasons unknown to us, the bank refused the Quinn proposal and opted for its own plan, which is fundamentally flawed and since its implementation has caused nothing but destruction.
‘In general, the Quinn proposal would have seen all Quinn properties, the Quinn Group and Quinn Insurance used to repay the €2.8bn advanced by Anglo. It would have seen all businesses grow and would have created a further 1,000 jobs over seven years. Quoted from Sean Quinn Snr. Is this detailed enough for you?

Yes. I also believe everything that Sean Quinn Snr, otherwise known as the Great Wizard and Grand Benefactor of Northern Regions, says. It’s all gospel truth. Hallelujah!

Anglo refused same 7 yr plan because it involved giving the group a 7 yr interest waiver and additional funds to recapitalize Quinn Insurance.

The “I’m not the only corrupt person” defence is at the bottom of a very deep barrel, often relied on by Quinnites

Nonsense. Quinn’s businesses were also based on a scam. Quinn insurance had to be bailed out by the taxpayer when it became evident they didn’t have the legally required financial resources to back their policies. So where were his means? His plan was for you and me to pay.

If quinns have the means and willing to pay back the money,shouldn’t we let them?im no quinn supporter, and I believe they are part of the problem, but if they can pay,we should let them, like previous comment,whats sean fitz an co paying back? Even jail term is a joke. 3months is nothing.

Tonya, yes it did but that does not change anything. The Quinns admit they borrowed 450million and owe this money, forget the 2.8billion they say they don’t owe. But instead of using the 500million in overseas assets to pay this back the money they agree they owe they have admited they put it out of reach. How can anybody agree with that underhanded, dishonest behavior.

But he owes 2.8 Billion Tonya. You cant just run up a massive debt in borrowings and then claim you didn’t really want that money. That makes no sense. “The evil banks made me borrow all that money” that’s you’re argument here.

I actually understand the local community’s reaction to the whole Quinn affair. He literally provided everything for the local Cavan/Fermanagh community, and he’s certainly not the monster he’s being made out to be. But the reality is his entire business career was built on taking big risks for big payoffs. Go big or go home. Unfortunately he decided to take the biggest, most astoundingly, in-comprehensively, risky gamble of his career and it spectacularly backfired. You can call it what you like: Ambition, Greed, Extreme Narcissism, whatever. But the net effect, which the local community don’t seem to grasp, is that we’re all going to be paying for this for a very long time, and at the very least, given that his assets cant possible cover those debts, his mistake should bankrupt him. Because he knew the risks.

But my point is that Anglo have taken hotels, windfarms, pubs and multimillion euro factories. These assets are worth well in excess of the 450million that Quinn says he owes.
Previously he had said he would pay the full 2.8 billion back – even though this money was lent fraudulently. He submitted a 7 year plan to Anglo on how he would take over Quinn Direct again, he and his family would work for nothing for 7 years and the full 2.8 billion would be paid back. The plan was developed by BDO and Deutsche bank reviewed it. Anglo did not go with the Quinn proposal which left Quinn’s hands tied.

Quinn Direct was a non-viable business. He wanted to continue trading under special non-competitive terms so he could pay back the money. The whole plan was a fiction.

@censored: Quinn Direct was proven to be a viable business. Although the administrators were quick to portray it as a lost cause, it was later very much proven that that was not the case and that there was ( and I’m sure still is) a huge profit being made in it. Also, on analysis of the proposal put forward by the Quinn’s it was seen as being a workable proposal, and the only quams that Anglo had with it was that the Quinn’s still wanted to be a part of the business. Fiction?????? I think not

That is not the case. They did not maintain adequate financial reserves to support the insurance policies being issued. Every other company in the market had to fund those reserves, but Quinn didn’t bother. In view of that fact, the “profits” were fictional.

Mr Censored:
Contrary to what you seem to believe, only a short few months after the administrators were sent into Quinn Direct because of their cash reserves not being what they should have been, VHI’s cash reserves were found to be severely lacking also…..but there were no administrators appointed to VHI….and you talk about double standards!

Yes, it is a disgraceful double standard. However, the fact that VHI – which is a state sponsored non-profit enterprise – needed to be regulated by the Central Bank (although bleeding obvious) was only determined legally in Sept 2011. That was a material change that required an investment of 220m. Guess who’s going to have to come up with that money? Joe Taxpayer. If it goes into receivership, guess what happens? Same thing.

In Quinn’s case there was no change to the rules. He just ignored them.

Clive,
Is it not the same for the anti-Quinns?’ Co-ordinated and organised’…..did you ever think that maybe there are a lot of similar minded people with a different view on things than you? ….Is it tough to hear that there are 2 sides to every story? Maybe you thought there should be a monopoly of opinion on Quinn’s..and that it would obviously go your way.’ Would explain a lot’ !!!

No i just don’t like all the abuse one man and his family are getting!!!!