Dunne ducks out of D4 and heads west


#278

Attempts by the missus to avoid discovery of documents relating to the transfer of Sean’s interest in assets in (SA and Ailsbury Rd. etc) to her to limit their availability to his creditors, gets short shrift from the beak.

courts.ie/Judgments.nsf/09859e7a … enDocument


#279

Buyers shun Killilea firm’s US properties over financial fears - -> independent.ie/irish-news/bu … 45737.html

Killilea fights to keep financial data from Nama - -> businesspost.ie/news/killil … ama-375346

Hibernia Reit dragged into Dunne bankruptcy battle in America - -> independent.ie/business/hibe … 67381.html

Killilea poses new questions for Hibernia Reit in Dunne bankruptcy row - -> independent.ie/business/kill … 87208.html

Archive: Frank McDonald visits Sean Dunne’s former €58m residence - -> irishtimes.com/news/ireland/ … -1.2846849

Who owns the Cypriot firm that owned Walford mansion? - -> businesspost.ie/news/owns-c … elp-375845

Trust for Desmond’s children pays €14.25m for Walford - the house that once sold for €58m - -> independent.ie/irish-news/co … 02056.html


#280

independent.ie/irish-news/co … 11171.html

Oh dear :laughing:


#281

Shocking that she has in excess of €50m of assets…


#282

Get the tissues ut…Gayle and Sean are no more!

independent.ie/irish-news/co … 47837.html

Anyways the gist of this latest court appearance is to get the order on reducing her assets below 50m lifted


#283

thetimes.co.uk/edition/irel … -mhhpzh08g

Here is the brochure for the house.

octagon.co.uk/wp-content/upl … ochure.pdf


#284

was someone looking for a cleaner recommendation recently? :smiley:

irishtimes.com/news/crime-a … -1.3197140


#285

irishtimes.com/business/com … -1.3648911

Quite a long article to say the least. :slight_smile:


#286

That’s definitely a ‘wow’ moment. Not like Irish Judge’s to be tough with anyone

I loved this peice

The brass neck to make a claim like that


#287

Judge SLAMS Dunne as “deeply dishonest” and keeps him in bankruptcy for **ANOTHER 12 YEARS.
**
:angry:


#288

Did Dunne take out a bunch of bananas at any point during proceedings?

thepropertypin.com/viewtopic.php?f=4&t=15474


#289

Wish that judge had been on the Lowry case! :imp:


#290

Now that he has been dealt with the next key decision one expects will concern his equally principled wife.

irishtimes.com/news/crime-a … -1.3540139

The Indo now has the Dunner story.

independent.ie/irish-news/c … 76413.html


#291

With this coupled with the Ben Gilroy judgment, is it too much to hope that finally judges are getting fed up seeing absolute chancers taking the piss?

Are we about to see a tsunami of tough judgments?!


#292

Ms. Justice Caroline Costello, Taoiseach’s granddaughter. Ready to give both barrels to this jumped-up fraudster. He thought this would be the end of his bankruptcy but it’s only the beginning 8DD


#293

Well Gilroy messed around banks and receivers who no one really believes fully, and rightly so. So he got lots of chances

Dunne’s mistake was to treat his fight against the Bankrupty Official like he would a normal civil fight in his business career.

When you’re involved in a Civil case for the first time against a slippery customer you are shocked at how much lying, concealing, misstatements, evasion and histrionics in their sworn affidavits. You spend your own affidavits contradicting them. A lot of the time both sides are concealing and evasive. And judges are used to this and weigh things up.

But in this case his counterparty was an Officer of the High Court. The judge took all his affidavits as inarguable facts. Dunne clearly didn’t understand the risk.


#294

Another court loss for Gayle:

irishexaminer.com/breakingn … 73252.html

Tick, Tock. Tick Tock…


#295

The trustee of Sean’s American bankruptcy is back in court, trying to recover the assets he gave Gayle. She professes ignorance …of everything.

She responded that she didn’t understand how such things were worded.

“You have a law degree, do you not?” Mr Curran asked.

“I do,” Killilea replied. “Not a Swiss one.”

Remember these assets, if recovered, would largely go to NAMA i.e. the Irish taxpayers who are stuck with Anglo’s loans.

https://www.irishtimes.com/business/commercial-property/gayle-killilea-professes-ignorance-in-us-court-over-property-sale-1.3888221

Insulting the intelligence of the court is standard practice in Ireland and our judges will believe six impossible things before breakfast if a witness swears to them.

In America - not so much…
https://www.theguardian.com/us-news/2019/may/09/anna-sorokin-sentence-fake-heiress-scammer-delvey-jail-time-latest-news-new-york-trial


#296

Gayle is handed a hefty bill by the jury

https://www.independent.ie/irish-news/courts/us-jury-orders-sean-dunnes-wife-to-pay-18m-to-creditors-38180514.html
and there may be more to come:

US District Judge Jeffrey Meyer had reserved his own judgment on these counts and other documented transfers, and may yet order additional reliefs for Mr Dunne’s creditors to be imposed.


#297

More than 200 bankrupts probed over suspicions they are hiding their assets

The State’s Insolvency Service is probing hundreds of cases where people who have declared themselves bankrupt are suspected of hiding assets.

Some are trying to keep cars and properties out of the hands of the bankruptcy officials and their creditors, with others suspected of illegally transferring assets to relations before opting for bankruptcy.

The Insolvency Service of Ireland has disclosed it is investigating 210 cases.

Hidden assets worth €3.8m were recovered in one instance, according to the 2018 annual report of the Insolvency Service of Ireland.

Bankrupts were trying to keep bank accounts, buy-to-let properties, cars and rental income secret.

A number of those seeking to sort out their debt situation had attempted to give their assets to a relative prior to bankruptcy, something which is illegal.

Earlier this month, a US jury awarded €18m to bankrupt developer Sean Dunne’s bankruptcy trustee after finding against him and his wife Gayle Killilea over the unlawful transfer of some assets to put them beyond the reach of creditors.

The Irish Insolvency Service was involved in that case.

Its annual report says that a new enforcement and compliance team was set up last August.

A crackdown on dishonest bankrupts led the Insolvency Service of Ireland to take 19 cases back to the High Court over what it said was non-­cooperation.

The sanctions imposed were extension orders making the bankruptcy term longer. Bankruptcy terms were extended for between 10 months and close to 12 years.

One year is the normal bankruptcy term.

The Insolvency Service (ISI) said bankruptcy was a process that delivered debt relief to bankrupts while transferring all their assets to the official assignee.

“The integrity of the system depends on bankrupts making full disclosure and co-operating with the official assignee. The bankruptcy division of the ISI will continue its policy to vigorously pursue the recovery of assets not declared,” interim CEO Chris Lehane said in the report.

Last year a total of 397 people were adjudged bankrupt, with 461 people leaving bankruptcy.

The number of bankruptcies last year was down 76 on the figures for 2017.

Most of the people declared bankrupt last year had petitioned the High Court themselves.

In a small number of cases creditors petitioned the court in an attempt to get some of the money they are owed.

Just over €11bn in assets was realised by the official assignee from the bankruptcy process last year.

€11bn in assets last year alone. Across just 400 bankrupt cases, that’s an average of €27m each

https://www.independent.ie/business/personal-finance/more-than-200-bankrupts-probed-over-suspicions-they-are-hiding-their-assets-38250589.html