Mortgages, designer clothes and satellite television packages were just some of the items chalked down to expenses by the Quinn family during the good times.
Quinn has been bogged down in debt ever since his empire went bust in recent years and he was recently prevented filing for bankruptcy in the north, further exacerbating his already sizeable financial woes.
Money was something Quinn and his family didn’t have to worry about in the good times, however, and with good reason, as they simply let the business take the hit for utility and living expenses and other more luxurious items.
A report in the Sunday Independent reveals that family mortgage bills were charged to the Quinn Group for properties in Dublin and Cavan, while subscriptions to Sky and Setanta Sports packages and electricity bills were also marked down as expenses.
The report also suggests that “at least one family member had a company credit card that was used to buy designer clothes, meals, groceries and other living expenses worth tens of thousands of euro”.
A review of the Quinn family’s expenses is currently being conducted by the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank, which took over the Quinn Group in April last year with Quinn in debt to the tune of the ridiculous sum of €2.8 billion.
It’s been a tough, tough time for the Quinn family of late. Sean’s wife Patricia was recently ordered to pay back a €3 million loan to Anglo she claimed to know nothing about, while it was recently suggested that fairies were the reasons behind his demise.
Still, it’s hard to muster any sympathy for a family who had access to a private jet, a company helicopter and a fleet of luxury cars and were one of the prime examples of Celtic Tiger greed at its worst.
