€100,000 wedding cake, billed to Quinn Company

Gotta love the Irish.. You think anyone in the UK cares about the coffee the employees of Northern Rock drank during break before it was nationalised? No different apart from the media finding a cake more dramatic and therefore, appealing to the Irish masses.

Guy:Incognito

Deleted User wrote: »

Gotta love the Irish.. You think anyone in the UK cares about the coffee the employees of Northern Rock drank during break before it was nationalised? No different apart from the media finding a cake more dramatic and therefore, appealing to the Irish masses.

They might if the coffe was £5,000 a cup.

TheUsual

Some feckin cake, maybe it's like the "James and the giant Peach" story and the Quinn family can live in and eat it for generations.

OurLadyofKnock

We live in a three tired society.

Guy:Incognito

Guy:Incognito wrote: »

They might if the coffe was £5,000 a cup.

Being paid for by the company? No they wouldn't care and nor should anyone. You can't list every expense a company has ever had as a public liability if it's nationalised afterwards.. It's illogical especially in the Quinn case since his losses didn't come from bad money losing management, they came from one massive bad decision.

RobbingBandit

They mixed up the billing, the €100,000 cake was due to go to Sean junior in prison. Money for bribes and what not.

ejmaztec

RobbingBandit wrote: »

They mixed up the billing, the €100,000 cake was due to go to Sean junior in prison. Money for bribes and what not.

His cake's got a file in it.

yore

Deleted User wrote: »

Gotta love the Irish.. You think anyone in the UK cares about the coffee the employees of Northern Rock drank during break before it was nationalised? No different apart from the media finding a cake more dramatic and therefore, appealing to the Irish masses.

How would they feel if they found out that a director of Northern Rock, knowing the Bank was hurtling towards it's liquidity crisis (i.e not enough available cash to pay off their borrowings when they mature in 12 months or whatever) decided to spend the banks money on his daughters wedding. Including 100k on a cake.

Don't forget that it paid for the whole wedding. Not just a cake.

Anybody knpw how much BIK was paid by the daughter on this?

Quinn insurance was a ponzi scheme. Bernie Madoff and his family lived a
nice high-flying lifestyle until his collapsed.......do you think it'd be very "Irish" to criticise him for doing that? After all, sure the authorities didn't know there was anything wrong at the time. That's ok so, eh?

Employees drinking coffee me hole.

the culture of deference

ejmaztec wrote: »

His cake's got a file in it.

They put one for each of them in it, just in case like.

http://img.ehowcdn.com/article-new/ehow/images/a06/b2/vp/metal-deburring-tools-1.1-800x800.jpg

YFlyer

Deleted User wrote: »

Yeh for hundreds and thousands

http://www.sweetdesiresparties.com.au/baking-supplies/natural-food-colours-and-decorations/100s-1000s-natural-colours-pink.html

kincsem

davetherave wrote: »

How did the taxpayer pay for it if Quinn group paid for it five years ago?

A wedding cake is not an allowable expense when calculating a company's tax bill. And if you don't understand my first sentence this ... it is tax fraud. You pay for personal expenses out of taxed personal income. My guess is the tax inspector will be checking back through the tax computation for that year to see that the cake was either (1) charged to a director's account or (2) disallowed in the tax computation. If it was charged to business expenses and then disallowed it probably breaks company law charging personal expenses to a company.

recyclebin

Deleted User wrote: »

Being paid for by the company? No they wouldn't care and nor should anyone. You can't list every expense a company has ever had as a public liability if it's nationalised afterwards.. It's illogical especially in the Quinn case since his losses didn't come from bad money losing management, they came from one massive bad decision.

The Quinns like to paint themselves as innocent normal people when in reality they were gambling billions and spending ridiculous amounts of money. I think the Irish are entitled to know what this family is really like.

Biggins

yore wrote: »

How would they feel if they found out that a director of Northern Rock, knowing the Bank was hurtling towards it's liquidity crisis (i.e not enough available cash to pay off their borrowings when they mature in 12 months or whatever) decided to spend the banks money on his daughters wedding. Including 100k on a cake.

Don't forget that it paid for the whole wedding. Not just a cake.

Anybody knpw how much BIK was paid by the daughter on this?

Quinn insurance was a ponzi scheme. Bernie Madoff and his family lived a
nice high-flying lifestyle until his collapsed.......do you think it'd be very "Irish" to criticise him for doing that? After all, sure the authorities didn't know there was anything wrong at the time. That's ok so, eh?

Employees drinking coffee me hole.

There's a good point in the above.

If the business was going down the pan, the last thing maybe they should not have been doing was using business money for personal gain outside standard business practises?

Swampy

I for one would have liked to tasted the said cake. I love cake. A 100k cake (price obviously includes private jet for transport) has got to taste awesome. If there were any raisins in it I would have a problem with the price tag.

Fulton Crown

These fuckin lowlifes are being continually outed.

Well done the Indo for continuing to boot their holes !:eek:

LookBehindYou

What about BUY IRISH ?
Surely they could have spent that money here.

Ronin247

the culture of deference wrote: »

Anyone know why we are all paying a levy for this lot

We are paying a levy for this lot because our government decided that you and I should be liable for the gambling losses of a bunch of German and French bondholders in Anglo Irish Bank.
Sean Quinn bought shares in a private company and all his dealings were with a private company.....nothing to do with you and I.

Unfortunately I suspect that when Quinn gets his turn in court it will turn out that, due to the shenanigans of fitz and co, he is not liable for the 2.5billion or so, and then guess who will pick up that bill???? He will end up getting compensation for the receiver f***ing up his companies and guess who will pick up that bill also???

We the public will get shafted left and right while the politicians get richer and the crowd of thieves in Europe will keep laughing while we pay the bill.

Biggins

Ronin247 wrote: »

We are paying a levy for this lot because our government decided that you and I should be liable for the gambling losses of a bunch of German and French bondholders in Anglo Irish Bank...

We're giving them this week another €1.1 billion this week.

One third of what we are needing in the next budget!
Madness.

Ronin247

Biggins wrote: »

We're giving them this week another €1.1 billion this week.

One third of what we are needing in the next budget!
Madness.

Thats ^ 11,000 wedding cakes.


and another 1.25 billion in january and 3.1 billion in march and they have us fighting each other over teachers getting an allowance for keeping an eye on our kids at break times, we are being f***ed right left and center and it will continue.

Biggins

Ronin247 wrote: »

Thats ^ 11,000 wedding cakes.


and another 1.25 billion in january and 3.1 billion in march and they have us fighting each other over teachers getting an allowance for keeping an eye on our kids at break times, we are being f***ed right left and center and it will continue.

...And yet although I think its right that the Quinns should be equally held accountable - what they cost the country (or will do), is far small to what we as a state is giving away!

There's no trying to comprehend the madness sometimes.

jimmynokia

Has anyone seen the dam cake?

Capt'n Midnight

kowloon wrote: »

Pretty sure a wedding cake for the daughter isn't a valid business expense. Probably got away without paying the reduce VAT for cake. €13,500 right there :pac:.

It was imported from outside the EU so perhaps some import duty to be added too ?

JazzyJ

ejmaztec wrote: »

All of the audit firms that I've worked for over the years wouldn't have allowed the company to claim it, and would have charged it to the relevant director.

Not if the auditors were turning a blind eye to dodgy dealings. It wouldn't be the first time (or will be the last :mad:).

bgrizzley

Capt'n Midnight wrote: »

It was imported from outside the EU so perhaps some import duty to be added too ?

maybe it was made from garlic...

kowloon

jimmynokia wrote: »

anyone got a photo of this cake?

Something along these lines.

Carson10

A 100K cake in Cavan....f*k me. They deserve all they get.

Dermighty

She is fúcking ugly!

ejmaztec

Deleted User wrote: »

Yeh for hundreds and thousands

That's a trifling amount for a cake when you've got sh1tloads of cash.

magick

I like Cake!!!

Mr Simpson

On my current part time salary, it would take me 6 and a half years to earn enough money to pay for this cake, and thats if I wasn't paying tax. Thats just f*cking sick. I didn't realise I could hate Sean Quinn more

patwicklow

100k for a cake now thats sick as sick can be how many hungry children would 100k feed? Well very true saying what goes round comes round! reduced to bread and butter pudding if they can afford that now! They,v had there cake and eaten it! 100k bloody amazing...

Mr Simpson

patwicklow wrote: »

100k for a cake now thats sick as sick can be how many hungry children would 100k feed? Well very true saying what goes round comes round! reduced to bread and butter pudding if they can afford that now! They,v had there cake and eaten it! 100k bloody amazing...

They're not short on cash, and won't be any time soon.

patwicklow

mmcn90 wrote: »

They're not short on cash, and won't be any time soon.

Crazy Country we live in aint it!

FanadMan

Ted_YNWA wrote: »

So if the company paid for this 5 years ago, does that mean the taxpayer has paid for all expenses the business incurred ?


Stop the presses !!!!!!!

The tax payer has bought 6000 rolls of bogroll for Quinndirect staff !!!!!

At least those 6000 rolls of bogroll were put to good use, not like a cake worth 100 grand that was fed to other overpaid thieves and their families. Bet the staff of Quinndirect didn't see a crumb of the cake and neither did any of the people that had insurance with Quinn. And am damn sure that the taxpayers now wouldn't be too happy to see that the money they are now paying, helped to subsidise a waste of money cake - especially one that helped stuff the faces of other fatcats

Cookie_Monster

JustAddWater wrote: »

It happened 5 years ago and was charged to his company. Nothing wrong with that at the time

of course there. How can you possibly claim that that was a valid expense attributable to company operations?

patwicklow

I wonder if theres any slices left over? They can stick a file in it and send it to Quinn junior

Mr.Crinklewood

Terrible if this happened, but has anyone given evidence as to the actual cost ?

Biggins

Just published by the Irish Times five minutes ago:

Documents salvaged within the last few weeks from a damaged computer in Russia show the family of bankrupt businessman Seán Quinn had employment contracts with Russian companies providing for multi-million payments for termination of their employment, including almost €36 million each for Aoife, Ciara and Colette Quinn, the former Anglo Irish Bank has claimed.

The material also showed contracts providing termination payments of €26m for Peter Darragh Quinn, Mr Quinn's nephew, and almost €15m for his son, Seán Junior, the bank said.

Under other contracts dated June 15th 2011, with additions of July 26th 2011, Seán Quinn Junior's wife Karen Woods - at the time his fiancée - was to receive termination payments of more than €36m and an annual salary of about €560,000 , while Niall McPartland, husband of Ciara Quinn, had contracts for similar sums, it is claimed.

Some of the contracts were back-dated to make it appear they were signed before a court order was made on June 27th 2011, restraining the stripping of assets from the Quinn's international property group, the bank has also alleged.

Irish Bank Resolution Corporation, formerly Anglo, says this and other new evidence shows Seán Quinn Junior was a "key decision maker" in relation to management and control of Russian and other international companies at the centre of alleged asset-stripping measures.

http://www.irishtimes.com/newspaper/breaking/2012/1002/breaking52.html

In an affidavit, Richard Woodhouse of IBRC, formerly Anglo, said the "significant" new documents had been obtained by the bankruptcy administrator appointed in late July by it to Finansstroy, a key Russian company in the Quinn's IPG, from that company's computer damaged harddrive.

Anyone like to guess how or why the drive might have got damaged?

patwicklow

Just read that wow some corruption going on with in.

Biggins

patwicklow wrote: »

Just read that wow some corruption going on with in.

They are up to their necks in it!

Their supporters are sheer blind.

patwicklow

Biggins wrote: »

They are up to their necks in it!

Their supporters are sheer blind.

That is for sure well there will always be sheep that follow!

tan11ie

Biggins wrote: »

We're giving them this week another €1.1 billion this week.

One third of what we are needing in the next budget!
Madness.

I know it's quite sickening at this point!!!!

Well it will be grand sure, we as a nation will just sit by waiting for our butter vouchers come budget time....

Biggins

tan11ie wrote: »

I know it's quite sickening at this point!!!!

Well it will be grand sure, we as a nation will just sit by waiting for our butter vouchers come budget time....

You would be lucky - we will be giving another 18 Billion away for free next year.
So vouchers will probably go too!

jester77

Biggins wrote: »

Anyone like to guess how or why the drive might have got damaged?

A damaged drive is usually corrupt

miss no stars

Bloody hell... It's like something out of Ross O'Carroll-Kelly!

Ronin247

Strange, on the day Quinn jr is in the supreme court trying to prove his jailing was illegal,the IBRC produces more evidence of Quinn wrongdoing.

Do not mistake my thinking that the whole government and Anglo are at fault here as my supporting Quinn.....he was a rich man who got greedy and gambled with peoples futures, but I suspect that the table was rigged.
While we all focus our anger on Quinn the likes of Seanie Fitz and his political masters walk round the golf course laughing.

Biggins

Ronin247 wrote: »

Strange, on the day Quinn jr is in the supreme court trying to prove his jailing was illegal,the IBRC produces more evidence of Quinn wrongdoing.

What's strange about that?
The IBRC is introducing further evidence that Quinn JR had supposedly broken the court stated orders, that he was in contempt of court.
I find nothing strange about that - they are defending and fortifying their position that the Quinns had defied the court and were up to other antics.

Capt'n Midnight

Biggins wrote: »

Anyone like to guess how or why the drive might have got damaged?

If they didn't have a backup then should they not get prosecuted for failing to keep tax records for the legal minimum of seven years ?

Far , far too many people under investigation for financial irregularities in this country have had convenient floods and fires.

Biggins

Capt'n Midnight wrote: »

If they didn't have a backup then should they not get prosecuted for failing to keep tax records for the legal minimum of seven years ?

Far, far too many people under investigation for financial irregularities in this country have had convenient floods and fires.

Aaa... now 'ere!
It was all coincidence your honour! :pac:

Capt'n Midnight

Ronin247 wrote: »

While we all focus our anger on Quinn the likes of Seanie Fitz and his political masters walk round the golf course laughing.

In an ideal world the Quinns could get lighter sentences than they deserve if the evidence they give is instrumental in nailing those who wiped out our economic independence.