Quinn Insurance in Administration

Started by An Gaeilgoir, March 30, 2010, 12:15:49 PM

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Lone Shark

Quote from: orangeman on November 05, 2012, 12:12:39 PM
Is this what passes as "journalism" today ?

This is simply pathetic.





POOR QUINNS WITH MERCS AND ABERCROMBIE JUMPERS


They claim to have been left almost impoverished by the actions of Anglo Irish Bank – but yesterday, the Quinn family didn't look as if they were suffering too greatly in material terms.
Seán Quinn Jr arrived at Mountjoy Prison sporting a bang-on-trend Abercrombie & Fitch top. The American retailer – beloved of teenagers and wealthy trendsetters – opened its first Irish store only this week.

On Thursday, crowds gathered to queue outside the Abercrombie store on Dublin's College Green for its opening. As the scent of its trademark cologne Fierce wafted through the shop, customers clamoured to buy items such as €24 boxer-briefs and €68 tracksuit pants.

Seán Jr hadn't been spotted among the queues at the Abercrombie store this week, so maybe he picked up the navy blue jumper with the much-sought-after 'A&F 1892' logo on one of his many previous travels. (Abercrombie is also big among the newly rich of Moscow).

In another sign that the Quinns, despite their financial and legal troubles, are weathering the situation well, Seán Jr and his wife rolled up to the north inner-city prison in a high-performance Mercedes CLS which had been customised by the specialised firm AMG.
AMG models are typically the most expensive and highest-performance of each Mercedes class – although this one did date back as far as 2007.

Back then, it would almost certainly have cost in excess of €100,000 – and would still be worth some €50,000 today.




Read more: http://www.dailymail.co.uk/news/ireland/article-2227552/Se-n-Quinn-Sr-settling-prison-life-well.html#ixzz2BLjBwm9S
Follow us: @MailOnline on Twitter | DailyMail on Facebook


Of course it's muck. But this is going on for both sides. All the PR about the "simple life" of SQ is optics. The farcical focus on the price of this infamous wedding cake is optics. The constant use of the inflammatory word "Anglo" instead of IBRC is all about optics. The two sides are playing the game and the sad fact is that public opinion will be swayed by this. The vast majority of the public have taken a snapshot of this whole sorry affair and don't have the interest or the will to delve into the matter and examine the facts of the case.

Witness the fact that people are bemoaning how SQ has been "jailed" for his financial dealings, when in actual fact he's been jailed for contempt of the court - a very serious issue. Equally Enda's referring to the insurance levy is something of a red herring. The shocking administration of Quinn insurance is an issue all by itself, but that's nothing to do with why SQ is in jail now either.


Hound

Quote from: Lone Shark on November 05, 2012, 12:49:32 PM

Witness the fact that people are bemoaning how SQ has been "jailed" for his financial dealings, when in actual fact he's been jailed for contempt of the court - a very serious issue.

It gas that all the eejits who support Quinn miss this.

Quinn is not going to jail for his financial dealings, because (like most of the dreaded bankers) while he was greedy and pompous and stupid, there's no evidence yet that he did anything against the law in creating all those losses.

But the contempt of court - in which he misappropriated millions of euro - was a clear criminal offence. He 100% deserves his spell in prison for this. 

orangeman

Quote from: Lone Shark on November 05, 2012, 12:49:32 PM
Quote from: orangeman on November 05, 2012, 12:12:39 PM
Is this what passes as "journalism" today ?

This is simply pathetic.





POOR QUINNS WITH MERCS AND ABERCROMBIE JUMPERS


They claim to have been left almost impoverished by the actions of Anglo Irish Bank – but yesterday, the Quinn family didn't look as if they were suffering too greatly in material terms.
Seán Quinn Jr arrived at Mountjoy Prison sporting a bang-on-trend Abercrombie & Fitch top. The American retailer – beloved of teenagers and wealthy trendsetters – opened its first Irish store only this week.

On Thursday, crowds gathered to queue outside the Abercrombie store on Dublin's College Green for its opening. As the scent of its trademark cologne Fierce wafted through the shop, customers clamoured to buy items such as €24 boxer-briefs and €68 tracksuit pants.

Seán Jr hadn't been spotted among the queues at the Abercrombie store this week, so maybe he picked up the navy blue jumper with the much-sought-after 'A&F 1892' logo on one of his many previous travels. (Abercrombie is also big among the newly rich of Moscow).

In another sign that the Quinns, despite their financial and legal troubles, are weathering the situation well, Seán Jr and his wife rolled up to the north inner-city prison in a high-performance Mercedes CLS which had been customised by the specialised firm AMG.
AMG models are typically the most expensive and highest-performance of each Mercedes class – although this one did date back as far as 2007.

Back then, it would almost certainly have cost in excess of €100,000 – and would still be worth some €50,000 today.




Read more: http://www.dailymail.co.uk/news/ireland/article-2227552/Se-n-Quinn-Sr-settling-prison-life-well.html#ixzz2BLjBwm9S
Follow us: @MailOnline on Twitter | DailyMail on Facebook


Of course it's muck. But this is going on for both sides. All the PR about the "simple life" of SQ is optics. The farcical focus on the price of this infamous wedding cake is optics. The constant use of the inflammatory word "Anglo" instead of IBRC is all about optics. The two sides are playing the game and the sad fact is that public opinion will be swayed by this. The vast majority of the public have taken a snapshot of this whole sorry affair and don't have the interest or the will to delve into the matter and examine the facts of the case.

Witness the fact that people are bemoaning how SQ has been "jailed" for his financial dealings, when in actual fact he's been jailed for contempt of the court - a very serious issue. Equally Enda's referring to the insurance levy is something of a red herring. The shocking administration of Quinn insurance is an issue all by itself, but that's nothing to do with why SQ is in jail now either.

LS -

You make some good points, partucularly about the media spin or optics as you refer to.

We all know why Quinns will want their slant on the story and that they are peddling their side of the story to the media.

But who is driving the IRBC / Anglo side ? Why the witch hunt about Abercrombie jumpers and a 5 year old AMG Mercedes and a wedding cake ?.


oakleafgael

Quote from: Hound on November 05, 2012, 01:06:07 PM
Quote from: Lone Shark on November 05, 2012, 12:49:32 PM

Witness the fact that people are bemoaning how SQ has been "jailed" for his financial dealings, when in actual fact he's been jailed for contempt of the court - a very serious issue.

It gas that all the eejits who support Quinn miss this.

Quinn is not going to jail for his financial dealings, because (like most of the dreaded bankers) while he was greedy and pompous and stupid, there's no evidence yet that he did anything against the law in creating all those losses.

But the contempt of court - in which he misappropriated millions of euro - was a clear criminal offence. He 100% deserves his spell in prison for this.

If it was a criminal offence then his nephew would be extradited for the same. Eeejit.

LeoMc

Quote from: screenexile on November 05, 2012, 12:19:05 PM
Quote from: orangeman on November 05, 2012, 12:12:39 PM
Is this what passes as "journalism" today ?

This is simply pathetic.





POOR QUINNS WITH MERCS AND ABERCROMBIE JUMPERS


They claim to have been left almost impoverished by the actions of Anglo Irish Bank – but yesterday, the Quinn family didn't look as if they were suffering too greatly in material terms.
Seán Quinn Jr arrived at Mountjoy Prison sporting a bang-on-trend Abercrombie & Fitch top. The American retailer – beloved of teenagers and wealthy trendsetters – opened its first Irish store only this week.

On Thursday, crowds gathered to queue outside the Abercrombie store on Dublin's College Green for its opening. As the scent of its trademark cologne Fierce wafted through the shop, customers clamoured to buy items such as €24 boxer-briefs and €68 tracksuit pants.

Seán Jr hadn't been spotted among the queues at the Abercrombie store this week, so maybe he picked up the navy blue jumper with the much-sought-after 'A&F 1892' logo on one of his many previous travels. (Abercrombie is also big among the newly rich of Moscow).

In another sign that the Quinns, despite their financial and legal troubles, are weathering the situation well, Seán Jr and his wife rolled up to the north inner-city prison in a high-performance Mercedes CLS which had been customised by the specialised firm AMG.
AMG models are typically the most expensive and highest-performance of each Mercedes class – although this one did date back as far as 2007.

Back then, it would almost certainly have cost in excess of €100,000 – and would still be worth some €50,000 today.




Read more: http://www.dailymail.co.uk/news/ireland/article-2227552/Se-n-Quinn-Sr-settling-prison-life-well.html#ixzz2BLjBwm9S
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Poor journalism indeed!

However you can't argue with the image of one of the Quinn's getting out of a €100k car when they're crying poverty and putting assets beyond the reach of the Taxpayer . . .  He's some d**khead to still be driving around in that!

A 5 year old car he owned from before the crash and A&F isn't exactly uncommon. A bit of a stretch linking it to Russia.

orangeman

Good deal for Alfa Group.


THE STATE-OWNED Irish Bank Resolution Corporation (IBRC) is to get the help of one of Russia's largest business groups to try and recover Quinn property put beyond its reach.

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.


Nally Stand

Quote from: Hound on November 05, 2012, 01:06:07 PM
But the contempt of court....was a clear criminal offence.

Before trying to lecture, get the ol' facts straight.
"The island of saints & scholars...and gombeens & fuckin' arselickers" Christy Moore

Lone Shark

Quote from: Nally Stand on November 05, 2012, 01:25:41 PM
Quote from: Hound on November 05, 2012, 01:06:07 PM
But the contempt of court....was a clear criminal offence.

Before trying to lecture, get the ol' facts straight.

Fine. The Supreme court's most recent judgement has not made it clear whether it is a civil or a criminal offence, and at the moment the status of the offence is something in between the two as far as Irish law is concerned. Right now it is neither and both of these things. Happy now?

It remains very serious, and that was kind of the point, rather than to demonstrate my expert grasp of subtle legal issues.


Nally Stand

Quote from: Lone Shark on November 05, 2012, 01:37:22 PM
Quote from: Nally Stand on November 05, 2012, 01:25:41 PM
Quote from: Hound on November 05, 2012, 01:06:07 PM
But the contempt of court....was a clear criminal offence.

Before trying to lecture, get the ol' facts straight.

Fine. The Supreme court's most recent judgement has not made it clear whether it is a civil or a criminal offence, and at the moment the status of the offence is something in between the two as far as Irish law is concerned. Right now it is neither and both of these things. Happy now?

It remains very serious, and that was kind of the point, rather than to demonstrate my expert grasp of subtle legal issues.

I was responding to Hound. And I'm making the point that Sean Quinn cannot be labelled a convicted criminal.
"The island of saints & scholars...and gombeens & fuckin' arselickers" Christy Moore

Hound

Quote from: Nally Stand on November 05, 2012, 01:25:41 PM
Quote from: Hound on November 05, 2012, 01:06:07 PM
But the contempt of court....was a clear criminal offence.

Before trying to lecture, get the ol' facts straight.
The fact of the matter is he is in jail for illegally misappropriating funds in direct contravention of the courts.

Nally Stand

Quote from: Hound on November 05, 2012, 01:42:46 PM
Quote from: Nally Stand on November 05, 2012, 01:25:41 PM
Quote from: Hound on November 05, 2012, 01:06:07 PM
But the contempt of court....was a clear criminal offence.

Before trying to lecture, get the ol' facts straight.
The fact of the matter is he is in jail for illegally misappropriating funds in direct contravention of the courts.

The fact of the matter is contempt of court is not "a clear criminal offence".
"The island of saints & scholars...and gombeens & fuckin' arselickers" Christy Moore

Lone Shark

Quote from: orangeman on November 05, 2012, 01:11:10 PM
But who is driving the IRBC / Anglo side ? Why the witch hunt about Abercrombie jumpers and a 5 year old AMG Mercedes and a wedding cake ?.

Because there are those in the media, and indeed those of us generally, who get a little sickened by this constant attempt to manipulate the public into thinking SQ is a scapegoat and that his treatment is different because he's a common man who isn't a member of a South Dublin Rugby or golf club.

Anybody who makes money, as long as they do so in an honest fashion and pays their taxes in the process, is entitled to spend it how they like, and more luck to them. However there is an agenda out there that is pushing the idea that the Quinn family don't want money, they just want to be left alone so that they can altruistically create loads of jobs for people in the border region. These stories are the counterpoint to that spin.

supersarsfields

Quote from: Hound on November 05, 2012, 01:06:07 PM
Quote from: Lone Shark on November 05, 2012, 12:49:32 PM

Witness the fact that people are bemoaning how SQ has been "jailed" for his financial dealings, when in actual fact he's been jailed for contempt of the court - a very serious issue.

It gas that all the eejits who support Quinn miss this.

Quinn is not going to jail for his financial dealings, because (like most of the dreaded bankers) while he was greedy and pompous and stupid, there's no evidence yet that he did anything against the law in creating all those losses.

But the contempt of court - in which he misappropriated millions of euro - was a clear criminal offence. He 100% deserves his spell in prison for this.

Yeah everyone who supports SQ are eejits.  ::) At least these eegits are not prepared to swallow everything spoon fed to them and realise that there's a bit more going on in this than just the contempt. The contempt is one issue out of this whole Anglo Quinn debate. It is not the sole issue (Despite what people would like to believe). It's possible to still be able to support SQ in his actions against Anglo in spite of the contempt.

seafoid

Mrs.  Seán Óg Quinn adds a fashion angle to the whole soap opera.