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4 Of Anglo 'Golden Circle' Named national |
crime and justice |
other press
 Sunday February 22, 2009 02:40 by Investigator
 The London Times has named 4 of the Anglo 'Golden Circle'. "Four of the 10-strong group of investors assembled by David Drumm, Anglo Irish’s former chief executive, are: Gerry Gannon, Joe O’Reilly, Seamus Ross and Jerry Conlan. Either they or some of their companies now owe several billion to Anglo. All four declined to comment last week"- London Times, 22/2/09 by pawnbroker Wed Feb 25, 2009 14:13  the following morning just after 9 of the clock which is as soon as possible and prompt striking whilst the iron is as hot as a wooden number 5 putter in the hands of a quaking moldovian caddie. by pat c Wed Feb 25, 2009 10:13 The Raid was discussed on the Vincent Brown show last night. Various points made: Irish Nationwide and Irish Life Permanent should have been raided at the same time to prevent documents being destroyed. Some went further: the offices of the Gallant Ten should also have been raided simultaneously. Not very many people seem to trust bankers or businesspeople. by Shop steward Tue Feb 24, 2009 19:43 Ho hum indeed, I suppose it must be welcomed that the boys in blue are on the job at last. I mean it's not like we've known for ages that anything illegal was going on or anything. by breathless Tue Feb 24, 2009 16:39 Whole bunch of them reported to go in with warrents looking for the books & diaries which will help put people behind bars in due course. Indeed that might sound very old-fashioned to you, so perhaps you could imagine them finding syringes of smack, phials of cocaine & strips of viagra in the safe, instead. by cheeba Mon Feb 23, 2009 19:19 Originally Posted by Pride Fighter (on Board.ie) by Shop steward Mon Feb 23, 2009 19:05 They should of course be named. But let it not stop there. They and the people that loaned them the money have breached the Companies Act [Section 60(1) at the very least if you're interested and probably many other sections ] and as all this was deceitfully hidden, then they're guilty of the crime of Making a Gain by Deception [Criminal Justice (Fraud and Theft Offences) Act.] Therefore at least €30 million of each of their assets are the proceeds of crime. And these boys have lots and lots of assets. Just send in the CAB and seize their money, land, houses, whatever. It was done for Jackson Way, a company controlled by Liam Lawlor and friends that had land rezoned corruptly so why not use it for these boys? by Fred Johnston Mon Feb 23, 2009 12:47 An e-mail, which appears to be well-informed, is doing the rounds and linking the Heroic Four to Fianna Fáil. One shouldn't be surprised; the FF-banker-builder liaison has been a constant for decades. There is absolutely no barrier to naming the remaining Heroes. Since there is no ongoing criminal case, the sub judice rule does not apply. And it would seem to me that FF spoutings about prejudicing future cases etc. is pure hypothetical smoke-screening. FF know even as they speak that we do not live in the sort of society where influential people appear in courts. It would be natural, of course, for FF, the Builders' Party, to set up all sorts of barriers to having their close associates named. It is up to the ordinary people, and writers, artists, academics, to come out and sign a letter to the media calling for the immediate naming of these people. I would ask Aosdána and the Irish Writers' Union (an affiliate of SIPTU) to declare themselves in a letter to newspapers with regard to the necessity of naming the remaining bank-buddies. If not, let's organise another demo calling for just this; it's time this country regained its moral and ethical backbone. by Alana Sun Feb 22, 2009 15:22 Information relating to these matters (which appear to be highly criminal) has been sent this afternoon by e-mail to Garda Commissioner Fachtna Murphy (Chief Commissioner of Police, Republic of Ireland) at Commissioner@garda.ie by Terry Sun Feb 22, 2009 13:49 The Directors of the failed (corrupt) India's Satyam Computer Services Outsourcing company etc. could face life imprisonment if found guilt. by Squire Charlatan Haughty - the Vampire C(o)unt of Kinsaley Sun Feb 22, 2009 12:02 Dream on you fools, you little people ..... the Courts, the Garda Siochana all that elaborate panoply of state does not exist and never has existed to protect YOUR interests but rather those of the pluto-kleptocracy .... whether in the good old days of the British Empire or in the latter days of the Free State Banana Republic ..... by denis guerin Sun Feb 22, 2009 11:31 Leaving aside the issue of Anglo financing the purchase of its own shares, and that the Financial Regulator (a civil servant) may have been a party to setting up this deal, there is one wonderful side to all of this. It appears that the golden 10 pledged their own personal assets as security against 25% of the value of their loans. by Brian Sun Feb 22, 2009 11:05 "In its two later assessments, PwC found that Anglo Irish had a heavy concentration of its development loans among a small number of borrowers – the bank has a number of 'very large exposures' with about 15 customers EACH owing more than €500 million." by Justice and Truth Sun Feb 22, 2009 04:18 You can bet the members of the Golden Circle have lots of connections with those in Government. by Basil Langthorne Sun Feb 22, 2009 02:44 Do any of these entrepreneurs have any liaisons with the Fianna Fail party? |
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Comments (26 of 26)
Jump To Comment: 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1The great thing about irish politics is,that you can run for government whilst owning a bank,or a pub,so right there,you have conflict of interest,i can tell you this the government will not be chasing up these banksters,after cowen and ibec did their walk of shame,thats their dues paid as far as they are concerned,you know some politicians in office were actually involved in the construction industry,some in farming,and others in the banks.You can check this out .Having said that the most corrupt and not looked into are our very own county councillors,that is how this country was made on corruption and not much has changed..
One of the great financial controversies of the 1990s was the purchase by Telecom
Eireann of the former Johnston Mooney & O'Brien, bakery site in Ballsbridge. Telecom
Eireann paid 9 million punts for the site that had several months previously, been
bought for half that price by a company linked to an adviser to Telecom Eireann.
Similarly, Is it possible that some of the Anglo Irish and Irish Nationwide mortgages
were based on over valued properties that had been bought and sold in short periods at
enormous profits by intricately linked companies? Is it possible that those companies
that benefited from these scams, especially those abroad, still have that money?
The Government might consider recouping some of the money by
employing an army of forensic accountants with CAB like powers, supported by Interpol,
to investigate Anglo Irish defaulters involved in suspected property fraud and
negligence, at home and abroad.
Incidentally, I note that it is the practice of banks to protect the anonymity of
companies involved in large scale defaults, perhaps they might advise the media to
extend that courtesy to people being evicted from their homes.
& you correctly allude to in your metaphors and decent plea for a bit of justice & wake-up call on the amount & size of the money involved in the Anglo Irish Bank Golden Circle story and any other large amount of money or cash one of us can get into our imaginative narrative thence on I assure you it becomes a easier to understand wrong & every such slight in more prompt due course gets in come-uppance.
As we know the Gardai actually only recovered a little over a million euros from the theft of 7.6, which as we all know was an unauthorised withdrawl carried out by a coherced bank worker. You can't coherse anyone, even if you put a syringe of HIV laden blood complete with certificate to the nape of their neck,
to withdraw 7.6 million euros from a local branch & certainly not ( not to labour the point out of hole in the wall.
Q: How much volume does such an amount of money take up not only in your scale of fiddling or your spare bedroom?
A: piece of piss. One million dollars if counted in 100$ bills takes up 643 cubic inches (8" x 6" x 13") and is about the size of a 15" television. It weighs almost 20 pounds or 9 kilos . http://www.cockeyed.com/inside/million/million.html Even though the 500euro note takes up less space in some ways than a 100$ bill - you can divide the weight and space needed for 1 million in dollars and that in Euros especially considering that you'd have to count in 200euro notes as well.
Q: would that be one brief case or one backpack?
A: contrary to the media image of one million squid - you can't fit it in a brief case. It needs half a backpack.
Q: how many backpacks or space would you need to walk off with ten loans to blatently manipulate multiple markets ranging from bank shares to future trading, risk and hedge funds to currency speculation to let's be frank as sure as my name is Iosaf, here - national bonds, debt rating, health budgets, educational resources & overseas development funding?
( = meaning 450 million the Golden Circle potty you want only ten people named for?)
A. about dear Fred, whose comments demanding answers to this affair began on the email forms the day of the revelations in the Sunday Times, Tribune and Irish Times - the size needed to erect a good pagoda.
As you know the tents at the Galway races are somewhere between marquis and pagodas.
we'll keep this thread warm yet-.
How many men would it take on 2000 calories to carry such a large amount of cash away?
I'm afraid this thread has a risk of wandering. If I may get back to the essential point - there is no legal reason why the Anglo Irish 10 cannot be named, and Fianna Fáil's pathetic attempts to justify their not being named is merely old friends protecting old friends. And one may wonder too, as Fergus Finlay does in an excellent piece in today's Irish Examiner, why the banks do not foreclose immediately on defaulting developers. They could take their land-banks, for one thing. If you couldn't pay your mortgage, the bank would take your house: yet they won't move on developers. Why? The Fianna Fáil/developers/banks nexus is a very strong one: we cannot expect, sadly, that any action will be taken in any serious way against those the likes of whom have graced the grassy floor of the Galway Races Tent for years. That is our disgrace, and what makes us a Third World country in the eyes of the rest of the world.
Even allowing for the incorrect procedure mentioned by the minister of Justice yesterday it seems that 4 million squid has been recovered from yesterday's heist thanks to decent plod work and loose pube protection suit expertise which has offered you the media consumer and fan an aptly enough arrest on Dublin's Monk place.
Now you didn't have to wait long to see the people who terrified the employee of the Bank of Ireland and his family to rob the biggest amount of actualy hard cash ever felched in Ireland as opposed to electronic stuff which generally last longer and is inflation proof to boot did you?
& proper order too many of you might have thought on the edge of your sofas or bar stools - Ireland is a state of law and anyone who brings such manipulative horror to a family must be found sharpish & booked to rights.
Our sympathy is naturally with the kiddies whose parents were coherced so intensely in such a short time for such a little amount of money.
gougers & spides - psycopaths & no gooders are these professional criminals.
But our rage ought be with the families whose state's economic status and banking solvency was manipulated over a longer period of time.
Coz if you do the maths. soft math easy long division sums or hard math accrued interest and profit - you'll see the Anglo Irish Bank crew intended to make more money by the day and hour and are still putting families and kiddies right through it.
That is perhaps one of the important differences between robbing people wearing a balaclava or strutting in a designer suit. If I may pursue the observation I aired a few comments ago. Both are though to intimidate and indeed both offer as written before a certain anomynity. But somehow nightmares and trauma work better with balclavas whilst misery, that is to say, penury - exists outside of dreamtime in the drudge of everyday existence.
Try it out. Do a Robert De Niro taxidriver routine in front of your mirror wearing a balclava and then a designer suit - are you looking at me?
Here are the steps they take ...
1) The "ring leading" bankers first create whatever amount of money they want "out of thin air" by simply entering figures in a ledger."
2) Then the governments do the "bailing out" of their local bankers with the newly created "money" they have received from the ringleaders: subject of course to crippling compound interest agreements ...
.... continued in e-mail of today to United States President Barack Obama at:
http://www.humanrightsireland.com/PresidentBarackObama/...l.htm
The great Hijacker Wee Bert has his sticky fingers in many pies.
This chap bought most of the De Burgh estate along the grand canal in Naas which was then the only significant green lung left in the town enjoyed by young and old alike . With the help of the usual suspects on the local CC he got a huge section rezoned for high density housing, business parks etc. on the promise that up to 8000 permanent jobs would be created. Between 1999 - 2005 the buildings were thrown up and huge profits were made by Jerry and his friends. However suprise,suprise few if any of the 8000 jobs materialised, even at the height of the Celtic Tiger. Then Gerry MoneyBags got bored with his cash cow and flogged it all for more then a tidy profit leaving behind an unplanned mess of sprawling housing estates and near empty white elephant business parks. Jerry had something similar planned for the last bit of greenbelt between Kill and Johnstown, but having taking the mickey so much in his earlier shenanigans, even the FFailers on the CC baulked at this one. Still as has been mentioned earlier he's been embraced by Harney et al as one of the champions of private Health care so don't shed too many tears for this poster boy of the banana republic,
When I put up the last comment and its illustration you'd want either a crystal ball or eyes in the plug sockets of the underworld to know a bank robbery plan which included hostage taking had just begun in Ireland. The Irish minister of Justice insists proper procedure wasn't observed and normally in our society of the rule of law wonders - you oughtn't be able to walk off with 7 million quid so easily. The media far and wide describe the robbery of the Bank of Ireland as the largest bank heist in history.
only a week after the little matter of designer suits and the presumed theft of 450 million squid.
you see it really does matter if you're armed, doesn't it?
so the 450 million we believe was to be split ten ways after doing its interest accrueing, yields, hedge funds and algorhythm trades -
how many people are going to divvy up the seven million?
oh it makes you wonder.
i really have to ping this article and its ongoing story of corruption, insider trading, treason, greed, avarice, slick biz culture -
Coz I live very far away from Eire, the Dail Eireann speech lines & soundbytes which RTE kindly provide me through their online wireless broadcasts are a treat and a neccesity. & one cute phrase has ringed in my head all these last few days as obnoxiously as the theme tune from "Kill Bill". Yep. I just reminded you of it. You'll have "kill bill" in your brain for a day now.
Someone, forgive me for not remembering exactly who - could have been a taoiseach - could have been a minister - could have been a spokesperson of the loyal opposition - declared in the last week that Ireland is a state of law - the sort of place which holds itself together on the premise and applied practise that "all are equal before the law" - well they didn't get so intellectual and jurisprudence about it -
you can't do that in a soundbyte unless you're Obama on the election trail...
So if you rob the state wearing a balaclava and swaggering a sawn-off shot gun about (((how passé the sawn off haven't we enough high quality arms now???)))
or if you rob the state wearing a suit...............
you'll face the law!!!!!!!!!!!!!!!!
quite...............
only DNA evidence will put you on the scene.....................
So one more thing I'd like to add to the list of stuff which we never saw being brought out of Anglo Irish banks - you know the hard disks, the shredded paper, the pen drives, the lever files, the ledgers of copperplate written double entry accounts, the syringes of smack, phials of coke, strips of viagra..............
a little curly hair of a smart bollox............... in plural.................. loads of bollox.................. having a field day....................organised crime indeed
that kind of pube which puts the "perps" on the scene. whether he wore the invisible balaclava or designer suit.
but you know you're the ones wearing the mickey mouse underwear on your heads now. Because not only will they not leak the names of the other 6 - as if there were only 10 in the golden circle.................. but they won't even show you photos of evidence coming out of the joint.....................or most importantly put a nice round figure on how many billions of dollars and euros have left Ireland and Irish investment in the last quarter. For the good reason that nobody on the capitalist good biz scene trust Ireland anymore. & for the good reason that the rest of them who never trusted Ireland anyway, have now run out of their tax breaks.
don't worry about it. It's only the price of an egg, litre of milk, used kidney or child's education. After all Ireland is a knowledge economy.
the glasses aren't really posh designer frames when you look carefully.
First Four of the Golden Circle Named
Who are the Anglons amongst us? Who are the "First Four" of the "Aurum Cyclons" (Golden Circle)?
And why are they in a tent in Galway?
In case this hasn't already dropped into your inbox, here are the details doing the rounds, in handy PDF format.
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