THE TRUTH FINALLY COMES OUT
This week's revelations about Willie Mc Ateer's shares confirms what Sean Quinn has been saying for years
For six years now, Sean Quinn has consistently maintained that Anglo would not let him put his shares on the market and that they insisted on him holding on to the shares up to March 08. In fact, Judge Nolan spoke about the "March document" in the criminal case, which was an agreement signed by Sean Quinn and Anglo and was referred to as a "red alert document". It will be crucial in the future, as it confirms that Anglo did not want the shares sold until Mar. 08 and even then would not allow them to be sold on the open market. Anglo had full control of the Quinn shares and THEY COULD HAVE SOLD THEM ANY TIME OF THEIR CHOOSING, BUT INSTEAD WAITED UNTIL THE QUINN FAMILY WERE EFFECTIVELY CONNED OUT OF BILLIONS.
From Sept 07 to March 08, Anglo had pumped ONE AND A HALF BILLION EURO into the Quinn family accounts, despite the fact that the adult children of Sean Quinn, the actual owners of the Quinn Group, and the people who were being advanced this money, did not ask for it, benefit from, or even know about it, at a time when their father was being told that Anglo was in excellent shape and in fact, were forecasting a huge increase in profits
There is now proof that refusing to let investors put their shares on the market was in fact the standard practice in Anglo, rather than the exception during this period - this week’s developments with Willie McAteer prove that Anglo would not even let their own Finance Director put his shares on the market even though he had less than 1% of the Quinn holding. Instead, they took charge of those shares. It is now crystal clear as stated in his evidence to the criminal trial that Sean Quinn was never asked to sell his shares until one and a half billion had been invested by Anglo in the family's name and even then they would not allow them to be sold on the open market.. SEAN QUINN WAS NEVER ASKED TO SELL HIS SHARES UNTIL THE BANK TANKED AND THE DAMAGE HAD BEEN DONE.
TIMELINE OF EVENTS
SEPTEMBER 2007
David Drumm and Sean Fitzpatrick met Sean Quinn and were informed that the family had a 25% CFD holding in the bank. At this time, Sean Quinn was informed that Anglo was doing exceedingly well and would record record profits for the period to Sept 07 despite Drumm & Fitzpatrick knowing the opposite was the case. They were prepared to do anything to prop up the share price and hide the truth.
It has been suggested by some deluded people that the Quinn family actually wanted the money that was advanced to them. For those who are gullible enough to fall for this, it is important that they ask themselves the following questions:
IF THE QUINN FAMILY KNEW THE TRUE STATE OF THE BANK, WHY IN GOD'S NAME WOULD THEY ASK FOR ONE AND A HALF BILLION TO SUPPORT SHARES IN A BANK THAT WAS ON ITS KNEES AND EXPOSE THEIR COMPANIES TO RUTHLESS OPPORTUNISTS?
Q. Did they sign documents showing they knew money was being loaned to prop up the Anglo Share Price?
A. NO!
Q. Were they offered legal advice when money was being advanced as per normal practice?
A. NO!
Q. In 2009 did Fry’s on behalf of Anglo, try to get the Quinn family to sign fraudulent documents offering retrospective legal advice?
A. YES!
Q. Was the money advanced for legitimate, legal reasons, for the benefit of the Quinns and not for the benefit of Anglo’s own illegal share manipulation scheme?
A. NO!
Why did Anglo not advise Sean Quinn at their meeting in Sept 07 to sell his shares when they knew the bank was already in trouble rather than forcing him to support the shares with one and a half billion and then forcing him to sell them six months later?
Anglo was determined to prop up the share price and didn’t want the markets to know that Sean Quinn had such a large share of the bank – this confirms that the money advanced to the Quinns was all a contrived scheme by Anglo that was facilitated by the central bank and the department of finance.
MARCH 2008
The St. Patrick’s Day massacre, when it was no longer possible for Anglo to hide the true state of their bank.
Sean Quinn must have been in extreme shock, given that he had been led to believe up to then that the bank was in flying form and that Anglo had had him pump a further one and a half billion euros over the previous 6 months into what they clearly knew was a junk stock.
Anglo now had full control over the Quinn account. It was at this stage that they prepared a document to sell the shares; this document was signed by Sean Quinn and Anglo Irish bank and agreed by the Regulator as referred to by Judge Nolan in the criminal trial. They then travelled to Dubai and America in a desperate attempt to get investors to take on the Quinn shares but they came home with their tail between their legs.
JULY 2008
When Anglo came up with the Maple 10 scam (Totally unknown to the Quinns) it confirms that they would still not allow the Quinn shares to be put on the open market.
Critically, the new Board and the Regulator, based on their own knowledge and the legal advice received would have known immediately that this was a criminal offence and they prepared a plan to cover it up.
Sean Quinn must have been beside himself with disbelief and outrage at this stage, as the true horror of what had been done to him, was staring him straight in the face and to add insult to injury, Anglo made sure that he was powerless to prevent the Maple 10 scam from proceeding. How he must have suffered as he realized that he had been conned to the tune of billions and not alone that, he was portrayed as the villain rather than the biggest financial victim of all times.
THE BOARD OF ANGLO, THE CENTRAL BANK AND MOST LIKELY, THE OFFICIALS IN THE DEPT. OF FINANCE HAVE AN AWFUL LOT OF QUESTIONS TO ANSWER ABOUT THEIR COMPLICITY IN THE GREATEST SCAM/FRAUD OF ALL TIMES, AND ANSWER THEY WILL, NEXT APRIL.
ROLL ON THE QUINN CASE AGAINST ANGLO/IBRC.
This week's revelations about Willie Mc Ateer's shares confirms what Sean Quinn has been saying for years
For six years now, Sean Quinn has consistently maintained that Anglo would not let him put his shares on the market and that they insisted on him holding on to the shares up to March 08. In fact, Judge Nolan spoke about the "March document" in the criminal case, which was an agreement signed by Sean Quinn and Anglo and was referred to as a "red alert document". It will be crucial in the future, as it confirms that Anglo did not want the shares sold until Mar. 08 and even then would not allow them to be sold on the open market. Anglo had full control of the Quinn shares and THEY COULD HAVE SOLD THEM ANY TIME OF THEIR CHOOSING, BUT INSTEAD WAITED UNTIL THE QUINN FAMILY WERE EFFECTIVELY CONNED OUT OF BILLIONS.
From Sept 07 to March 08, Anglo had pumped ONE AND A HALF BILLION EURO into the Quinn family accounts, despite the fact that the adult children of Sean Quinn, the actual owners of the Quinn Group, and the people who were being advanced this money, did not ask for it, benefit from, or even know about it, at a time when their father was being told that Anglo was in excellent shape and in fact, were forecasting a huge increase in profits
There is now proof that refusing to let investors put their shares on the market was in fact the standard practice in Anglo, rather than the exception during this period - this week’s developments with Willie McAteer prove that Anglo would not even let their own Finance Director put his shares on the market even though he had less than 1% of the Quinn holding. Instead, they took charge of those shares. It is now crystal clear as stated in his evidence to the criminal trial that Sean Quinn was never asked to sell his shares until one and a half billion had been invested by Anglo in the family's name and even then they would not allow them to be sold on the open market.. SEAN QUINN WAS NEVER ASKED TO SELL HIS SHARES UNTIL THE BANK TANKED AND THE DAMAGE HAD BEEN DONE.
TIMELINE OF EVENTS
SEPTEMBER 2007
David Drumm and Sean Fitzpatrick met Sean Quinn and were informed that the family had a 25% CFD holding in the bank. At this time, Sean Quinn was informed that Anglo was doing exceedingly well and would record record profits for the period to Sept 07 despite Drumm & Fitzpatrick knowing the opposite was the case. They were prepared to do anything to prop up the share price and hide the truth.
It has been suggested by some deluded people that the Quinn family actually wanted the money that was advanced to them. For those who are gullible enough to fall for this, it is important that they ask themselves the following questions:
IF THE QUINN FAMILY KNEW THE TRUE STATE OF THE BANK, WHY IN GOD'S NAME WOULD THEY ASK FOR ONE AND A HALF BILLION TO SUPPORT SHARES IN A BANK THAT WAS ON ITS KNEES AND EXPOSE THEIR COMPANIES TO RUTHLESS OPPORTUNISTS?
Q. Did they sign documents showing they knew money was being loaned to prop up the Anglo Share Price?
A. NO!
Q. Were they offered legal advice when money was being advanced as per normal practice?
A. NO!
Q. In 2009 did Fry’s on behalf of Anglo, try to get the Quinn family to sign fraudulent documents offering retrospective legal advice?
A. YES!
Q. Was the money advanced for legitimate, legal reasons, for the benefit of the Quinns and not for the benefit of Anglo’s own illegal share manipulation scheme?
A. NO!
Why did Anglo not advise Sean Quinn at their meeting in Sept 07 to sell his shares when they knew the bank was already in trouble rather than forcing him to support the shares with one and a half billion and then forcing him to sell them six months later?
Anglo was determined to prop up the share price and didn’t want the markets to know that Sean Quinn had such a large share of the bank – this confirms that the money advanced to the Quinns was all a contrived scheme by Anglo that was facilitated by the central bank and the department of finance.
MARCH 2008
The St. Patrick’s Day massacre, when it was no longer possible for Anglo to hide the true state of their bank.
Sean Quinn must have been in extreme shock, given that he had been led to believe up to then that the bank was in flying form and that Anglo had had him pump a further one and a half billion euros over the previous 6 months into what they clearly knew was a junk stock.
Anglo now had full control over the Quinn account. It was at this stage that they prepared a document to sell the shares; this document was signed by Sean Quinn and Anglo Irish bank and agreed by the Regulator as referred to by Judge Nolan in the criminal trial. They then travelled to Dubai and America in a desperate attempt to get investors to take on the Quinn shares but they came home with their tail between their legs.
JULY 2008
When Anglo came up with the Maple 10 scam (Totally unknown to the Quinns) it confirms that they would still not allow the Quinn shares to be put on the open market.
Critically, the new Board and the Regulator, based on their own knowledge and the legal advice received would have known immediately that this was a criminal offence and they prepared a plan to cover it up.
Sean Quinn must have been beside himself with disbelief and outrage at this stage, as the true horror of what had been done to him, was staring him straight in the face and to add insult to injury, Anglo made sure that he was powerless to prevent the Maple 10 scam from proceeding. How he must have suffered as he realized that he had been conned to the tune of billions and not alone that, he was portrayed as the villain rather than the biggest financial victim of all times.
THE BOARD OF ANGLO, THE CENTRAL BANK AND MOST LIKELY, THE OFFICIALS IN THE DEPT. OF FINANCE HAVE AN AWFUL LOT OF QUESTIONS TO ANSWER ABOUT THEIR COMPLICITY IN THE GREATEST SCAM/FRAUD OF ALL TIMES, AND ANSWER THEY WILL, NEXT APRIL.
ROLL ON THE QUINN CASE AGAINST ANGLO/IBRC.
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