His five adult children have begun a legal action against the Irish Bank Resolution Corporation over loans of €2.3 billion given by Anglo to Quinn companies.
It seemed they controlled an extraordinarily valuable conglomeration of businesses, but that was not the reality then or ever. When the share price fell dramatically, Mr Quinn had to go to the bank to fund the huge payments or margin calls he had to make as a result of the losses. He said the children would raise issues including signature switching and being asked to sign only the execution page of a document without seeing the full document.
However Seán Quinn could not give that security as he did not own the companies so he arranged for his children to do it.
Source: Law Daily Report (lawdailyreport.net)
Are his children that stupid? we the public have all been screwed because of people like that gambling.They need to sue their father!
It was his money that he earned, not his children’s ats
Quinn was shafted by all the Irish Banks , a bent regulator, and the ff government, he wasn’t 1 of the golden circle and paid the price , the dirtest most unscrupulous country in the world
His children? What about all our children’s future,, ?
Sean Quinn worked so bloody hard.. he was entitled to do what he wanted.. it was the bank who sold him a pig in a poke... they transferred 7 billion on to its books to entice sean to invest in futures.. cop on people..its the banks fault.
Without their father they would have nothing.....Oh wait!
Can’t have it both way kids!
How did Seán Quinn's children come into all their property and money in the first place? Were they all self-made multi-millionaires?
Who is paying for it?
And now the Irish taxpayer foots the bill while they wriggle to escape.
Why don’t they go after their Da🙌🏻 This is just typical Irish b*llox of rich ppl getting away with it😣
There really should be a movie made out of this and Anglo's other dodgy deals. Incredible stuff really.
Maybe we should say that he gambled with Taxpayers money and we're paying for that now and into the future.
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