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THIS IS NOT JUSTICE ( 3 Anglo Irish Bankers found guilty)

Three former Anglo Irish Bank officials have been jailed for between 18 months and three years for conspiring to conceal or alter bank accounts being sought by Revenue.

Former chief Operations Officer Tiarnan O’Mahoney, former company secretary Bernard Daly and former assistant manager Aoife Maguire were found guilty by a jury on Thursday on all charges after nearly seven hours deliberations and a two month trial.

O’Mahoney, who was second in command at the bank, received a three year sentence. Daly was sentenced to two years and Maguire got 18 months. All sentences are to begin immediately.

The judge called Anglo a “very sick bank” which “took a very, very dishonest approach to Revenue.”

He said the accused’s actions were “done out of misplaced loyalty but were still dishonest and were against all good banking principle and practices.”

The court heard that there is no statutory maximum prison term for the charge of conspiracy as it is a common law offence. However Judge McCartan indicated he will treat the maximum term for all offences as five years as they all related to the same scheme.

The sentencing hearing began at noon today during which the court heard a summary of the case from an officer from the Garda Bureau of Fraud Investigation. The judge also heard defence arguments for a non-custodial sentence, including the fact that former Anglo chairman Sean FitzPatrick was the “prime-mover” and main beneficiary of the fraud and that none of the accused profited from it in any way.

Counsel for Daly, Sean Guerin SC, asked the judge to bear in mind that the case against Mr FitzPatrick, who has never been charged in relation to the fraud, was stronger than the one against his client. He asked Judge McCartan to consider “the impunity that Mr FitzPatrick has been fortunate enough to meet in these matters.”

Counsel also said Daly, who was previously employed in the banking supervision division of The Central Bank, is acting as a co-operating prosecution witness in a separate case against Anglo Irish Bank.

Representing O’Mahoney, Brendan Grehan SC, said that at the time of the offences his client was in line to succeed Mr FitzPatrick as CEO of the bank but lost out to David Drumm who came from the lending side of the bank.

Counsel said O’Mahoney came from the “more prudential” treasury side of Anglo and he was “deemed not to fit in with the culture of the bank.”

Shortly afterwards he left and went on to head up a company which failed “disastrously” and “publicly” during the downturn. He was forced to step down from the board of another company after he was charged with these offences.

Mr Grehan asked the court to remember that the bank itself is not on trial. He observed that “it’s a case that’s hard to divorce from the adverse publicity that attracts to anything with the toxic name Anglo or Anglo banker.”

Patrick Gageby SC, representing Maguire said that, unlike her co-accused, she was never an officer of the company and was far from it. He said she held the grade of assistant manager and that no-one answered to her.

He also presented evidence of Maguire’s involvement in the Good Counsel GAA Club in Driminagh. He said she left Anglo in 2005 to care for her sick mother and has been unemployed for the last number of years.

Daly (67) of Collins Avenue West, Whitehall, Dublin, O’Mahoney (56) of Glen Pines, Enniskerry, Co. Wicklow and Maguire (62) of Rothe Abbey, South Circular Road, Kilmainham, Dublin had pleaded not (NOT) guilty to seven charges.

The charges alleged that in 2003 and 2003 they conspired to hide or omit accounts, connected to Mr FitzPatrick from Anglo’s Core Banking System (CBS) or from documentation provided to Revenue, who were conducting an investigation into bogus non-resident accounts which may have been liable for Deposit Interest Retention Tax (DIRT).

There was a delay in taking the verdict yesterday because of an anonymous phone call to the office of the DPP saying that the jury foreman’s wife was “very friendly” with Maguire. Judge McCartan decided that it was a hoax call after the jury foreman denied the claim.

comment:

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By Thomas Aengus O Cléirigh
This is outrageous!!!! :

There are poor people who cant pay their TV licence in jail for longer and these crooks have helped to destroy the country and the livelihoods of hundreds of thousands of our people: How many people have taken their own lives because of the financial distress they are going through because of this toxic den of thieves and all they get is a slap on the wrist ? They will all be out in an open prison before the end of next week and then out perusing their trade in Death in a few months ! Sickening , Disgusted :(THIS IS NOT JUSTICE ) did you know 411 people jailed last year for not paying their TV licence , these 3 bankers will be out before you can count 10 !We as a people must not allow this blatant distortion of the real facts and the real crimes that remain hidden from us! Drum and Fitzpatrick must be brought before a peoples court and the full story and individuals must pay for their crimes!

OF course this will never happen unless we start a REVOLUTION

Ireland is sinking under a mountain of Corruption !

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I believe the Irish public have shown huge restraint in the face of all this hypocrisy….letter to the Irish Times.

machholz:

I agree with every word except I would change the end : I want revolution Now ! We thew public have had enough of these parasites and we must have a total change if we want to have any future

Originally posted on Awaken Longford:

The following is a letter which was sent to the Irish Times in response to an article by Conor Brady, titled “Tide turns as political system struggles to keep its head above water” 26th July 2015…..not a hope of having it printed of course but, here it is for all to see, I am proud to print it…thank you to the author who shall remain nameless as requested:

If I were a reader from outside the state and dependent on the author for an accurate account of what was going on, I might be forgiven if I ended up with the conclusion that Democracy and the Citizenry of this state were being terrorized by an army of 100,000 fascists who beat & coerce poor gardai & beleaguered politicians who have only the purest intentions. “Foul mouthed protestors” compared to O’Duffys blueshirts is a reversal of the fact, that description is far…

View original 1,569 more words

Banks do not have the money they lent you !

Pet Bliss in Wicklow (A super store for all your pets needs)

By Thomás Aengus O Cléirigh

Heading out to Newtown Business and Enterprise centre on the R765 Wicklow Town area, You come across right on the corner in the Enterprise Centre “PET BLISS “ This is a super store for all your pets needs I was allowed to pop in and take a this video to show all of you ! This super store has everything imaginable you would possible need for you pampered pets: Just look at this place it’s got everything! If you need something for you pets then you have got to come here, you won’t be disappointed!
Wicklow buy and sell community, supporting Wicklow’s business

Anti – Eviction news ( Ireland of to-day)

Limerick court house registrar abandoned proceedings as people refuse to be put out of their homes…..

on another front : People are now fighting back against the con men in the Banks!

PTSB the big sell out!
61 of the account holders who were impacted by the mistakes in interest rates charged have lost their properties since the error occurred.
The first was that Permanent TSB failed to inform certain customers of the consequences of their decisions to break early from a fixed rate or discounted tracker period. Those who broke from early lost their contractual right to be offered a tracker rate in the future.

The second was that Permanent TSB failed to inform some other customers of their right to be offered a tracker rate at the end of any fixed rate period.

The Central Bank said that due to the bank’s failures its customers suffered mortgage overpayments; mortgage arrears; legal proceedings; and in certain cases loss of ownership of properties, including some homes.

The failures were identified by Permanent TSB and its subsidiary company Springboard Mortgages Limited. They occurred between 2006 and 2011.

The bank has agreed to implement a major redress and compensation programme to address the difficulties caused to 1,372 impacted Permanent TSB and Springboard customer accounts. The majority of the impacted customer accounts, 1,152, are accounts of Permanent TSB, with the remaining 220 being accounts of Springboard.

The bank said that after a review by Permanent TSB and Springboard, 22 of those people may have avoided losing their properties if the failures not occurred.

Permanent TSB has agreed to offer a compensation package to over 1,000 customer accounts regarding a “serious failure” over mishandled mortgages.

Two main issues were identified

As part of the redress scheme announced today, those who lost ownership of their home will receive compensation payment of €50,000. If the property was a buy-to-let, the compensation will be reduced to €25,000.

In cases where PTSB’s failure was a “key factor”, any monies still owed by the customer on the mortgage account will be written off.

The Central Bank’s Director of Enforcement, Derville Rowland, said: “The Central Bank considers the failures identified by Permanent TSB and Springboard to be very serious and their consequences to be completely unacceptable.

She added: “We encourage customers to use the money provided by Permanent TSB or Springboard to obtain independent advice.

“The Central Bank will continue to pursue its enforcement investigations against both Permanent TSB and Springboard.”

Permanent TSB and Springboard will be writing to all impacted customers over the next two weeks to outline the redress and compensation offer specific to their circumstances.

This is to set out specific details of the mortgage redress programme as it applies to customers’ individual circumstances.

Permanent TSB chairman Alan Cook and chief executive Jeremy Masding described the failures by the bank as “deeply regrettable”.

In a joint statement they said: “The failures which occurred have had very serious consequences for impacted customers and we apologise unreservedly on behalf of the group to them and to all our customers.

“We are truly sorry that this has occurred and our absolute focus now is on correcting the position of every impacted customer as speedily as possible.”

They also said that they would do “everything in their power” to help customers who had lost their homes after the errors, which they said “may have been a factor in events that ultimately led to some customers losing the property linked to the mortgage”.

source :Anti-Eviction Taskforce

Irish Water – How big a shambles? Gigashambles? Petashambles? ..

By Brian M. Lucey

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So this morning the news that Irish Water will, in all probability, not be allowed off the state balance sheet. It remains with us, unlike its instigator, Phil Hogan, now off the state accounts (except for his contingent liability of pension) Given that a main, and in principle laudable, aim of setting it up was to allow that, and in doing so allow it borrow away to invest without that borrowing being on the state headline debt burden, this is a major blow. But how big a shambles is it? Lets compare

We have lots of shambles in Ireland. It may be useful to scale them using standard scales. We have standard scales with which we are familiar – kilograms, megabytes etc. These may be useful. This idea of relative messes came from a post on thepropertypin.ie, on postcodes.

Below is a classification. Lets populate the shamblesverse.

1000 kiloshambles : Any state involvement in things IT, such as PPARs.

1000megashambles : Our transport system, which while improving has been “planned” in a manner that doesnt even reach incoherence. No coherence in tolling, in rail usage, dont even mention the world’s only tram system that doesnt join up,  speed limits that are bordering on the perverse…

1000terashambles : Our planning system for housing or the lack thereof, our general approach to property which is similar to that of a crack addict in an unlocked police evidence locker. We know its bad for us, we still do it…

full article at source: https://brianmlucey.wordpress.com/2015/07/28/irish-water-how-big-a-shambles-gigashambles-petashambles/

Comment:

Thomás Aengus O Cléirigh

An excellent diagnosis of the dire situation our country is in ! The System is largely at fault here (in my humble opinion ) The political system seems to attract self-serving parasites  and chances who only have to get in to the local party and in some cases only a few months of parish pump waffle is enough to secure a seat in the  Dáil and from there just sit tight and climb up the grease lather to the top and hey presto you are now running a ministerial department and your on your way to helping you pals into semi state jobs for life and not to mention those lucrative pensions : Corruption and incompetence  is a must in today’s political class ! Was it ever any different???? Loyalty to the top dog and to the party, is the only qualification that pays big dividends  in Ireland No other qualifications are necessary perhaps a brass neck as well ?

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