inquiry into 'insider' NAMA deal


#255

Why did he do it then and why is the garda backing him up?

Isn’t this the guy who purchased property for a snip off Nama developer?

Think they should throw the book at him. He would have been up to his eyeballs in non-disclosure and confidentiality agreements and must have know exactly what he was doing. Any financial destitution he is suffering he brought on himself and one would hope he never works in financial services again.


#256

No Garda ever benefited from getting penalty points scrubbed either. Great little country.


#257

I predict a 1-year sentence, suspended in full.


#258

Sadist!


#259

The judge will also ask him to donate to the Poor Box (his barrister will lend him the cash).

To paraphrase Buffet “if he wasn’t trying to make a profit from circulating the information, what was he trying to do?”

To get convicted and sent to jail for any form of “white collar” crime in Ireland you must be:

  1. A criminal mastermind.
  2. Who profited enormously.
  3. With zero political connections.
  4. Whose barristers couldn’t find any loophole out (or appeal to you to go back and fix 3. so the judge can “find” the loophole).

… oops, after 3 & 4. i realised it is simply not possible.


#260

where did that link come from, thought his blog was ceased for some years…and the front page of NWL blog still showing up as no activity in years?


#261

twitter.com/namawinelake


#262

For a while anyway (s)he was running a subscription newsletter. Not sure if it’s still going…


#263

Suspended sentence

8DD

rte.ie/news/2016/0512/787912 … a-farrell/


#264

Good summary of the case here
namawinelake.files.wordpress.co … arrell.pdf


#265

Close…


#266

Half right!


#267

So if I stole a million quid I could expect the judge to be lenient because I’d already suffered the shame of being caught? :neutral_face:


#268

I sometimes fantasize about doing something like that as everyone seems to get away with it here. Perhaps something like the plot of the original version of the movie - “The Producers” without the jail sentence at the end. And substitute pretending to make a software product or building houses instead of putting on a Broadway play.


#269

Well someone was sentenced to 7 years in jail for stealing a million quid today coincidentally.


#270

Another one!
irishtimes.com/news/crime-an … -1.2696507
Ex-Nama official facing trial for leaking information
Paul Pugh (56) charged with intentionally disclosing confidential information by email


#271

Ex-Nama ‘big player’ used knowledge to buy Dublin site, Wallace claims - -> irishtimes.com/news/politics … -1.2720437


#272

I had to sign something like that over a year ago, I do not think this is new

edit: Had to sign that have no connections to previous owners whoever they are


#273

If you’re caught lying do they scowl at you severely?


#274

Harsh but fair.