Quinn said he received a positive reaction from fellow prisoners.
“One hundred percent of them felt I shouldn’t be there, I certainly felt I shouldn’t be there, after creating 7,000 jobs, after never in my life did I owe anyone a penny, never in my life did I steal a penny that didn’t belong to me, I felt it was just wrong.”
Some points for Daddy Q to consider
One hundred percent of inmates agree with Quinn… Oh well Talk about ‘being thick as thieves’.
In fairness Daddy Q never took penny – It was always Euros.
Therefore, he is not lying about that.
Mr Quinn went on to say that, his jailing was wrong and repeated his claim that he has done everything in his power to purge his contempt of court.
Moreover, he felt it was wrong for the judge to imprison “Him” with people who had murdered people and committed horrendous crimes.
What he is saying is
I really do not give a fiddler’s fart if the truth needs massaging a bit along the way so be it. I am too good to be locked up with the likes of them.
Rich coming from a man whose exploits with Anglo and Quinn, insurance has cost you and me hard-earned money.
In reality, what daddy is doing is giving you Johnnie Citizen the fingers – If I can’t have my business you JC can pay off the money owed.
This is galling as we the citizens will be lumbered with Quinn debt for at least the next fifteen to twenty years.
Under the deal, the investment arm of the Alfa Group, A1, will keep up to $200 million (€155 million) of property formerly owned by the family of Seán Quinn and now held by other Russian interests and offshore firms, in return for helping to recover property.
The move by the IBRC comes as the former billionaire, Seán Quinn (66), is starting a nine-week sentence in Mountjoy Jail for contempt of court. It was approved by Minister for Finance Michael Noonan and is linked to the bank’s view that such a deal is the only option left open to it given the stance being adopted by the Quinn family.
IBRC has been trying for more than a year to seize an international property group worth up to $500 million and over which it says it has legal security linked to loans to the Quinns. The family has told the High Court that it set in train a scheme to put the assets beyond the bank’s reach but that it is now no longer in control of the asset-stripping scheme and cannot retrieve the assets. The bank says it does not believe the family.
Mr Quinn was jailed yesterday for nine weeks by Ms Justice Elizabeth Dunne as punishment for an “outrageous” contempt of court in relation to persisting with the asset-stripping after being ordered last year to desist. She referred to Mr Quinn’s statement in an affidavit that his dispute with IBRC had “negatively consumed” his life and that of his family. “In my view, he has only himself to blame.”
She said Mr Quinn’s contempt was a serious one and that it was important that court orders were complied with and the integrity of the court system was “not set at naught”.
The family is disputing the legality of the security, which, it claims, is linked to loans issued by Anglo as part of an effort to shore up its share price. Its claim has not yet been heard by the courts.
However, members of the family have admitted they initiated a scheme to put the secured assets beyond the reach of the bank.
Mr Quinn will be moved today to the semi-open training unit in Mountjoy, having spent last night in the committal unit. His son, Seán jnr, has already served a three-month sentence for contempt in Mountjoy.
In an extraordinary day in the High Court Mr Quinn was sentenced, but offered the opportunity to have the sentence stayed pending an appeal. The court rose to allow him consult with his legal team, which he did before going to the bar in the Four Courts to drink a pint in the company of supporters.
When he returned to court it was announced that he wanted to start his sentence forthwith. When he knew a decision had been made, he liked to get on with it, he told reporters, before being led away by a uniformed garda.
The former billionaire, who is now a bankrupt, looked tearful after a female supporter gave him a hug as he was exiting the courtroom.
In July IBRC succeeded in having an administrator appointed to a valuable property in Moscow, but last month that gain was reversed by the Russian courts.
The bank has now decided to do a deal with one of the largest privately owned conglomerates in Russia, the Alfa Group, as it believes its chances of recovering valuable property in Russia and the Ukraine are poor without the involvement of an experienced local partner.
Taoiseach Enda Kenny would not comment directly on the sentencing of Mr Quinn, though he said it behoved every citizen to co-operate with bank inquiries. The North’s Deputy First Minister Martin McGuinness said he couldn’t comment on a court the case “other than to say that I think that the banks have an awful lot to answer for”.
Mr Quinn has decided to begin the term imposed on him now despite the fact he is to appeal to the Supreme Court against findings he acted in outrageous contempt of court orders, his lawyer said.
Having been given time to consider the matter, Eugene Grant QC, for Mr Quinn, said his client wanted to begin his jail term now as, while he was maintaining his appeal, he was also conscious of the Supreme Court’s recent decision dismissing his son’s finding against a three month sentence for contempt.
Counsel said Mr Quinn was a 66-year-old grandfather and was anxious to attend a grandchild’s christening on December 22nd next but was not eligible for remission as this was a sentence for contempt. He asked that the court agree to release him for that event.
Miss Justice Elizabeth Dunne said an application for compassionate release would have to be made to the prison authorities.
Miss Justice Dunne earlier said Mr Quinn’s contempt was so serious that she could come to no other conclusion that it mandated a term of imprisonment.
She could not ignore the extent and degree of contempt by Mr Quinn and, taking all various matters into account, including his health problems, she would impose a nine-week term.
While Mr Quinn had spoken about how the court proceedings had negatively consumed his life and that of his family, she said: “In my view, he has only himself to blame.”
It was not disputed significant assets had been put beyond the reach of IBRC, the former Anglo Irish Bank, and the position of the Quinn defendants appeared to be they were so successful in that regard, they themselves could not retrieve the assets, the judge said. However, she did not have to decide that issue now.
The situation was IBRC claimed it was owed €2.8 billion by the Quinns and, while there was dispute about that, it was accepted €455 million was owed.
The judge had said she was imposing a nine-week term but the issue of whether there would be a serious dispute about that, it was accepted the Quinns owed €455 million to the bank, she said. Putting assets beyond the reach of the bank in defiance of the court’s orders was, as she had previously found, “nothing short of outrageous”.
It was important to ensure court orders were complied with and the integrity of the court system was not set at naught by “an egregious breach of court orders”.
A stay on the nine-week term pending an appeal against the findings of contempt was adjourned earlier today after Mr Quinn’s lawyer said he wanted time to consider whether to go to jail immediately or proceed with the appeal.
Shane Murphy SC, for IBRC, had said it would agree to a stay provided Mr Quinn’s lawyers progressed any appeal urgently.
However, at 12.50 today, Mr Grant said his client would begin his term now while maintaining the appeal.
In her decision today, the judge referred to her previous findings of contempt against Mr Quinn and her rejection of his evidence in the contempt hearing as not credible, evasive and uncooperative. She had also found he had given his imprimatur to the asset-stripping scheme.
She stressed the only issue she was dealing with today was the punitive aspect of the case as coercive matters have been adjourned. She was dealing with punitive issues arising from past non-compliance with court orders.
The judge delivered her ruling in a courtroom packed with lawyers, journalists and supporters of Mr Quinn. Mr Quinn’s son Sean and sons in law Niall McPartland and Stephen Kelly were also in court.
IBRC was represented in court today by its chief executive Mike Aynsley and senior executive Richard Woodhouse.
Mr Quinn was jailed arising from the judge’s findings last June that acted in contempt of court orders made in June and July 2011 restraining stripping of assets valued up to US$430 million from companies in the IPG.
Mr Quinn told reporters following the sentence that he just wanted to get on with the sentence. He intends to appeal the ruling to the Supreme Court.
U-turn as Sean Quinn Snr says he will now help Anglo over €500m property portfolio – Irish, Business – Independent.ie
This morning the former billionaire was due to be sentenced at the High Court for breaking court orders not to interfere with up to €500m worth of properties in the family’s international property group (IPG).
But the hearing was adjourned for two weeks after the IBRC (the former Anglo Irish Bank), said “significant new material” had emerged which required consideration by the courts.
New lawyers for Ireland’s former richest man said that the 66-year-old, who has had two major heart operations, wants to purge his contempt and co-operate with the IBRC.
Mr Quinn, who recently parted with his Dublin legal team, was represented in court today by Belfast human rights law firm, Kevin R Winters, led by Eugene Grant QC.
Mr Grant told the High Court that the new legal team had only been instructed this week and requested time to consider the history of the case and the new evidence submitted by the IBRC.
“My instructions since Tuesday and Wednesday are that since the adjournment of the punitive element there has been co-operation [by Mr Quinn Snr],” said Mr Grant.
Mr Grant said that Sean Quinn Snr, Sean Quinn Jnr and Peter Darragh Quinn had written to the IBRC to explore the potential for mediation with the IBRC.
Mr Grant said that Mr Quinn is now 66 and has had two serious heart operation
He wants to co-operate and purge his contempt,” said Mr Grant who is now also representing Sean Quinn Jnr who has just completed a three-month sentence for contempt of court.
Mr Quinn Jnr, dressed in jeans and a jumper, apologised for his clothing in court – he had just been brought from Mountjoy Prison this morning and had expected to be released last night.
The IBRC consented to a brief adjournment – it wants to consider reasons due to be given by the Supreme Court in Sean Quinn Jnr’s appeal – but the bank said that court orders were not a matter for mediation.
The written judgment is due to be released on Wednesday.
– The deliberate and “cynical” backdating of employment contracts which contained termination payments of over €30m for members of the Quinn family;
– Continuing breach of court orders and the continuing extraction of monies from the IPG
Mr Gallagher said that Sean Quinn Snr had done “nothing” to reinstate overseas properties to the former Anglo Irish Bank.
Mr Quinn was accompanied in court by his daughter Aoife Quinn and sat beside his son Sean Quinn Jnr.
Other family members who attended the hearing included sons in law Niall McPartland andStephen Kelly as well as Karen Woods, Sean Quinn Jnr’s wife.
High Court Judge Ms Justice Elizabeth Dunne said it was “prudent” to afford time to the Quinns to deal with and contest the new evidence, including new information that a court order freezing a $500,000 payment to a businesswoman in the Ukraine.
The court heard that “significant new evidence” had been obtained as a result of a new bankruptcy receiver being appointed to Finnanstroy – the Russian company that owns the Quinn family’s $180m Kutuzoff Tower in Moscow – the jewel in the crown of the IPG.
The IBRC said that the documents “demonstrated the continuing control” by the Quinn family, of various companies in their IPG.
A new Belfast-based legal team asked the court for more time to prepare a defence for the bankrupt businessman.
Ms Justice Elizabeth Dunne said it was up to the prison authorities to decide on Mr Quinn Jnr’s release time as it was not a matter for the court.
THE Supreme Court has queried how the jailed son of bankrupt businessman Sean Quinn can complain about being in prison when he has not purged his contempt.
Mr Quinn Jnr was jailed last July for breaking court orders not to interfere with the family’s €500m international property group (IPG) and his lawyers claim it was wrong to subject him to the prospect of an indefinite spell in prison.
The High Court has kept his father out of jail to force Sean Quinn Snr to comply with orders to reverse asset transfers out of the IPG.
The Supreme Court noted that Mr Quinn Jnr has not yet purged his contempt, despite claims that he was being held in prison as “hostage for the chieftain”.
“How can he complain about being committed to prison?” asked Supreme Court Judge Mr Justice Donal O’Donnell.
Mr Quinn’s lawyers said that there was no precedent before the court to jail a defendant to force the hand of another.
The Supreme Court also heard that no contempt application had been moved against any other member of the Quinn family apart from the tree who have already been found guilty of contempt of court.
Today the former Anglo Irish Bank will ask the Supreme Court to admit fresh material gleaned from a damaged computer in Russia to prove Mr Quinn Jnr was a “key player” – right up until the time he was jailed last July.
The IBRC (formerly Anglo) claims the family of Sean Quinn Snr stood to receive more than €250m in severance fees from Russian companies within their international property group (IPG).
The bank, which moves its case later today, has claimed in court papers that an email of July 25, 2011, copied to Sean Quinn Jnr by his brother-in-law Stephen Kelly had requested that Russian employment contract documents for members of the Quinn family be backdated.
Can you trust International Banking?
Judge for yourself
Just a quick look at recent developments
Standard Chartered accused of exposing the US to terrorists, drug dealers, and weapon dealers by hiding $250 billion of transactions with the Iranian government.
Deutsche Bank admits Libor involvement.
Germany’s biggest bank faces regulatory action after admitting complicity in rate-fixing scandal along with Barclays.
HSBC ‘allowed drug cartels to launder money’
Early July –details of Barclay’s bank/ *Libor’s scandal started to emerge (rate fixing)
The governing bank of England was also aware of this illegal manipulation.
In Canada – participants in the Libor scandel include the Canadian branches of the Royal Bank of Scotland, HSBC, Deutsche Bank, JP Morgan Bank, and Citibank, as well as ICAP (Intercapital), an interdealer broker.
USA- In the USA regulators were focusing on Bank of America Corp., Citigroup Inc. and UBS AG in their probe of Libor’s rate manipulation.
Goldman Sachs has not yet faced the music for cooking the books of Greece.
This manipulation allowed the Greeks to falsely comply with the requirements for Euro zone admission.
Will they ever be sanctioned and if not why?
What you will understand from the above is all the major banks are involved in illegal rate fixing.
Rate fixing means, you Johnny Citizen gets cheated out of money and the bankers get fat bonus payments
* the London inter-bank offered rate
The Fraudulent Traveller
This rather silly senator appears to be hell-bent on setting a senate record for difficulties with the law. Let us have a look at her track- record. She took her plumber take her to court rather than pay him what he was owed. Had planning permission for a two-story garage refused? She went ahead and built it regardless of the law. Officials recommended demolition of the building due to blatant flaunting of the planning process. However, a “higher” up “official” granted her retention. I wonder if this could be maybe a close by senior say like in Mayo. In early July, this woman received a fine for not having road tax on her Merc c180. She stated that this was an oversight on her part. In Late July fined €100 for not having a train ticket. The very same senator receives €2,424 a month in travel and accommodation expenses. One might say a nice little earner when you do not pay your road tax or train fares. Jesus’ lads but you cannot beat the old gravy train. Some neck on this woman but then again, rules and regulations only apply to the serfs. It might be interesting to check out her overnight accommodation expenses to see how they stack up. Between oversights, lack of foresight and poor visual vision one wonders how this woman can even find her way to the senate let alone claim expenses.
To compound all this nonsense Fine Gael issued this gobbledygook as a damage limitation exercise.
Senator Healy Eames boarded the 6.50am train to Dublin in a rush, at Athenry station yesterday morning (Thursday). She did so on the understanding that she would be able to purchase a ticket on board, as she had previously done on recent occasions. An officer approached her from the revenue protection unit on board who asked her for ID. She produced her Seanad ID card. She offered to buy a ticket as normal. He told her she could not buy a ticket from him and fined her €100.
It appears the true heirs to the Feeling small party are well and truly on board the gravy train.
Daddy says Skippy won’t be going back” to face the prospect of jail in the Republic. Daddy says he has no chance of getting “fair play or justice” because of the corrupt way the authorities have handled the Quinn case. Daddy says Young Skippy is under a lot of pressure, and he deserves our sympathy. If daddy Quinn has evidence of “the corrupt way the authorities handled the case,” then perhaps he might share the information with the Gardai. Let us all remind Daddy Quinn that the entire nation witnessed dear little Skippy on video lying through his teeth. Let’s jog the memory of the old Quinn a little further and say “Sir” you son was given every chance to comply with the law but failed to do so. He skipped court and did a runner. The sheer arrogance and smug self-righteousness by the Quinn family of their wrongdoing defies belief. Hopefully at the end of the day they will all end in Jail. —————————————————————————————————————————-
Are you Ready to be a Bonded Serf?
What the major political parties will not tell you is there is no way forward from the current economic crisis except a doomsday scenario. Are they preparing for it? Yes is the answer. The current system is to be replaced by the new political credo of “Economic serfdom” which means welcome to P.I.G.S. party feudalism. The middle classes and working classes will shortly cease to exist. What this means is that 95% of the population will become bonded serfs to the privileged. Future generations will be born into economic slavery to serve the Elites. They will be controlled by the enforcers of the vested interests until released by death from exhaustion having procreated to keep the supply system going. The Royalty of Banks, the Royalty of Global Business, and the Royalty of Unelected Leaders are now your governors such is your destiny.
The billion barrel oil find off the Cork coast
Hurray, hurrah we are rich once again. Twenty-five per cent of the corporate profit is our cut, however; there are two points to note. They can write off exploration costs against tax. The twenty-five per cent can increase to forty depending on the profitability of the field. This is a red herring, as the number crunchers will ensure this never happens. I guaranteed we will get **** yet once again. It looks like we are destined to remain Kings of the Sardine industry. Now that chap Chavez begins to look rather interesting. Just how did he do it, perhaps time for a government junket to Venezuela?
Mario Draghi the man who pulls the fiscal strings in Europe. Does he represent the people of Europe? Not on your life, he has one interest and that is to take care of his friends in Banking. Consider the following.
2. Worked for Goldman Sucks
3. Former Governor of the Bank of Italy
4. Worked for Italian Treasury
5. Worked for the Bank of International Settlements
6. Worked for the World Bank
Does this look like the CV of a trustworthy man? Be assured he will not work in your interest but he knows how to stir it up. Yes the very same man who insisted we pay penal interest rates for the bailout.
€6000.00 per head per month to the Quinn family
children while people on the Dole starve
The High Court has approved the payment of monthly living expenses €30,000 to the five adult children of bankrupt executive Sean Quinn and three spouses. Well now, you know if your low income nobody gives a toss about you. No social welfare means test for the boys as you can see the elite look after the elk.
WANTED Peter Darragh Quinn If you know the whereabouts of this man please inform the Gardai. Do not approach this man as he is carrying a large amount of lethal coinage
Sean Quinn: Well-known figures who rallied to support
bankrupt tycoon run for cover
PROMINENT figures from GAA and television yesterday ducked for cover when asked to comment on their involvement in a rally supporting fallen tycoon Sean Quinn.
They included Tyrone manager Mickey Harte, left, and former Meath star Colm O’Rourke, right, in the middle is that insufferable clown father Brian D’arsey. These three were among those who marched in Ballyconnell, Co Cavan in support of the Quinn’s. One wonders if the these three attention seekers ever gave a thought to the poor tax payer
Former Bank Chairman arrested on Fraud Charges
Sean Fitzpatrick made “no comment” when he was charged with 16 counts contrary to Section 60 of the Companies Act. The charges allege that before it became nationalized, he permitted the bank to “give unlawful financial assistance” to 16 named individuals for the purpose of or in connection with a purchase by the same people of shares in the then Anglo Irish Bank Corporation Plc. It is claimed the alleged unlawful financial help to buy shares was given between July 10 and July 17, 2008 to 15 people. These include the so-called “Maple Ten” group of Irish Investors and several members of Sean Quinn’s family – and from July 17 until July 30, of the same year, to Patricia Quinn, the wife of now bankrupt quarry tycoon Sean. Among the names on the charges is Sean Quinn Junior, jailed last week by the High Court for contempt of court for hiding €500m of property assets from Anglo, now called the IBRC. Also included in the names of people who allegedly got financial assistance to buy shares in the bank are: Colette Marie Quinn, Aoife Quinn, Ciara Quinn, Brenda Quinn, property developer Patrick McKillen, Seamus Ross, Brian O’Farrell, John McCabe, Gerard Maguire, Patrick Kearney, Gerard Gannon, Gerard Conlon, Sean Reilly and Joseph O’Reilly.
Still At Large
The Bankers Story
The capital of Rotten Island Bud Nil was an ancient and revered city. However, in keeping with the wealth and affluence of the times the city councillors renamed the city “Wonderland.” Somewhere between Never Neverland (North side”) and the inner sanctum of Wonderland there is a sector called” Forever Wonderland’.” This neighbourhood is the financial heart of the nation. In this district, lived a wealthy young banker. His notable attributes were a craving for attention, a bad memory, and a chequered career. He treasured the radiance of other inducements and was a frequent visitor to Feckerland the area of dance, revelry, alcohol, and Chateaubriand. Parochially, friends and acquaintances, knew him as “Disney” Fitzfiddle. Men did travel across the length and breadth of the land to win the friendship of “Disney.” He loved a good story from waiting recipients of fiscal credits, borrowers, whose habitual wrongdoing he totally ignored. In his own words, he stated, I was big. Some came and said “Disney” can you lend me 10 million quid, and I’d say. Sure, no problem at all, we can do it without recourse to Peter and Paul for you know I am a man who can lend without rancour. Let us go for a ride in the Bentley and lunch at the “Incidentally” and later tarry awhile in Dick Gentlys (a well-known brothel). Alas, the good days, now I am but the evil pantomime villain, who only borrowed a handy hundred million. Look at who elevated me, aren’t we all cronies of the Dons of the Feeling Smallers. Why did you know? I even had the occasional game of golf, with the nation’s esteemed Boss, the great incompetent Mr. Buttocks, the pillar of lies and good-byes. Agreed, I may have moved a few loans around a bit, temporarily mislaid them, perhaps duped an auditor or two. Had an odd incriminating letter gone missing here and there? Aha, but my God, me self and “The Little Drummer Boy” good times we had. Now they say I am bankrupt with only three million quid to live on. Understand lads; for me, the attraction was the crack of the fiscal flimflam. Never mind we can bank on ‘Sinister House’ to direct the department of “Fiscal Make Believe” to clear up this Disney quicksand No, no regrets, sure was the problem not global, in all sincerity nothing to do with me.
In the next issue of “Misebogland” the truth behind the
– Finally some information concerning Misebogland is the leading newspaper on the Island of Rotten Island. For those of you who are unaware Rotten Island is a mirror image of the Island of Ireland that happens to exists in a parallel universe. However, as you become familiar with the Misebogland, you will note and observe that there are subtle differences due to mutations that have occurred over the course of time. For example, the Irish Language has disappeared. The current Prime Minister Dame Enda is an outrageous transsexual.