Seanie FitzPatrick arrested

[LuckyDucker]

March 18th, 2010
IRELAND-BANKS/ARREST

Irish police arrest man in bank fraud probe</font>

DUBLIN, March 18 (Reuters) - Irish police have arrested a man in his early 60s as part of an investigation into alleged irregularities at a financial institution.

Irish police have been conducting an investigation into Anglo Irish Bank, which was nationalised in early 2009, and the bank's former chairman Sean FitzPatrick said in December 2008 he had kept shareholders in the dark for years about loans worth 84 million euros ($115 million) he had received from the bank.

Police announced the arrest on Thursday, but declined to name the man arrested or the financial institution.

Anglo Irish declined to comment on local media reports Thursday's arrest was likely to be linked to the investigation into the bank.

(Reporting by Andras Gergely; Editing by Andrew Callus)

http://www.forexyard.com/en/news/Iri...arrest-man-in- bank-fraud-probe-2010-03-18T094942Z

[McCloud]

Wonderful news alright. Just hope they can make any charges that might be brought forward stick. I also hope if he does get locked up they throw away the key.





irishtimes.com - Last Updated: Thursday, March 18, 2010, 10:10
Former Anglo chairman Seán FitzPatrick arrested


Former chairman of Anglo Irish Bank Seán FitzPatrick has been arrested by gardaí investigating alleged financial irregularities at the bank.


In a statement this morning, the Garda Press Office said a man in his early 60s was detained this morning following a search of a premises by officers from the Garda Bureau of Fraud Investigation as part of the ongoing investigation "into alleged financial irregularities at a financial institution".


He is being held under the provisions of Section 4 of the Criminal Justice Act 1984 at Bray Garda station.


Mr Fitzpatrick resigned as chairman of the bank in December 2008

[johhnyruck]

Delighted for the Scumbag .. Hope he gets rogered up the ass in the cells [img]smileys/lol.gif[/img]

[Bosco]

This is Ireland, he'll get a suspended sentence at best and a slap on the wrist,then live out the rest of his life in comfort [img]smileys/sad.gif[/img]

[ListryMurphy]

This will be interesting. Great to see an arrest made but there are plenty more culprits in the banking sector nevermind developers with whom the gardai should have words!

[Humpty Dumpty]

made my day[img]smileys/biggrin.gif[/img]

[budgetwinger]

Thank god for that. I saw the title of this thread and thought the greatest ever hooker had blotted his copybook.

[scotscor]

This will be interesting. Great to see an arrest made but there are plenty more culprits in the banking sector nevermind developers with whom the gardai should have words!

and politicians

[colmf]

Unfortnuately I'd say his legal team have already identified a loophole or procedural issue and he'll be out in timefor histee offslot this afternoon.

[kooga made for rugby]

the best hooker ever will miss him being a pundit on BBC and Sky!

[Spike]

Unfortnuately I'd say his legal team have already identified a loophole or procedural issue and he'll be out in timefor histee offslot this afternoon.

Unfortunately the justified criticisim on this site already (and no doubt everywhere else) will mean that he can claim that he will not get a fair trial if his charges warrant the decision of a Jury.[img]smileys/sad.gif[/img]

[Mebawsa Ritchie]

Who's next? Fingers? IL&amp;P?

Round 'em up, lock 'em up, and throw away the key.

[kermit]

As someone said elsewhere, hopefully he's locked up with Patrick Fitzsean.

[Mebawsa Ritchie]

Or Mr. Big? [img]smileys/lol.gif[/img]

[Clubman]

Thank god for that. I saw the title of this thread and thought the greatest ever hooker had blotted his copybook.

+1. Make the title Seanie for clarification. [img]smileys/lol.gif[/img]

[bosh12]

Dunno what they are going to convict him of. Warhousing of loans is bad
practise and misleading, debatable if it's fraud. It's the chief exec they
should be arresting. Arresting SF is a political arrest

[LuckyDucker]

Thank god for that. I saw the title of this thread and thought the greatest ever hooker had blotted his copybook.

+1. Make the title Seanie for clarification. [img]smileys/lol.gif[/img]

Oh alright, fixed. [img]smileys/wink.gif[/img]

Anyhow, being the greatest ever hooker probably means you're no stranger to tha poleese vice unit, right?!

[Duffman]

This has clearec up my St Paddys day hangover, its up to you the people to put the pressure on your local TDs to make sure this f**ker doesnt get away with the s**t he has pulled, even one of these fkirs in the dock is a small bit of justice!!!!!!!!!!!

[slipper1]

the first of many hopefully.


hope he sings like a canary when questioned

[Combatlogo]

Dunno what they are going to convict him of. Warhousing of loans is bad
practise and misleading, debatable if it's fraud. It's the chief exec they
should be arresting. Arresting SF is a political arrest

I'd say he was fairly active for a chairman. Do you think he didn't know about looking after Sean Quinn's shares or the loans masquerading as customer deposits?

[Arthur Guinness]

Dunno what they are going to convict him of. Warhousing of loans is bad
practise and misleading, debatable if it's fraud. It's the chief exec they
should be arresting. Arresting SF is a political arrest

I hope I'm wrong but I'm inclined to agree with this. He's a pariah,the most high-profile symbol of the bust and what caused it and thereforea soft target.If he fights it it's likely to run for years with all that's going to cost us and no real result at the end. There are plenty others who should be in the dock as well but it won't happen. As I said I hope I'm wrong but when you see the shenanigans of the likes of Lowry,Ahern et al and nothing being done it makes you cynical.

[blackadder]

the best hooker ever will miss him being a pundit on BBC and Sky!

That's who I thought this thread was about

[Combatlogo]

[There are plenty others who should be in the dock as well but it won't happen.

Who?

[The Outlaw]

Dunno what they are going to convict him of. Warhousing of loans is bad
practise and misleading, debatable if it's fraud. It's the chief exec they
should be arresting. Arresting SF is a political arrest

You can't honestly believe that? This guy systematically directed all policies within Anglo. There was no chairman of any bank that was more hands on then Seanie. He held every senior position within the Goddamn bank at some point. He was one who instigated all initial forays into the property market. He trained all the Anglo senior execs in the way of Seanie. This guy is right up there with Bertie and CJ aas some of the biggest crooks the State has ever seen.

[Arthur Guinness]

[There are plenty others who should be in the dock as well but it won't happen.

Who?

Do you think Fingleton is blameless,for instance? Was all documentation presented by allmortgage brokers the genuine article,P60's for instance.

[No.11]

[Clubman]

[There are plenty others who should be in the dock as well but it won't happen.

Who?

Do you think Fingleton is blameless,for instance? Was all documentation presented by allmortgage brokers the genuine article,P60's for instance.

Indeed AG. Why did mortgage broking become such a cottage industry at all does anyone know? Not too many of them left now it seems.

I'd say if the documentation were traced on a wide number of loans made at the top of the market, there'd be a fair percentage of jiggery pokery involved in securing same for clients and not too many strictly within guidelines.

[Mebawsa Ritchie]

RTE ran a documentary recently about "Fingers" rather cavalier attitude to mortgage underwriting and procedure.

His employers would/should have had issues with his actions, but imho what he did wasn't a criminal act.

Seanie on the other hand........

[Valencia]

Methinks a couple of months in an open prison most likely, a woman steals a loaf of bread would to feed her kids would end up in the joy

[The Word Is Born]

It's useless without photographs.