'Fraudulent' Drumm faces ruin after bankruptcy bid fails in USA

[barryqwalsh]

A US bankruptcy judge found Drumm was "not remotely credible" and that his conduct in concealing asset transfers was "both knowing and fraudulent" in a damning judgement delivered last night.

Drumm was also accused in the judgment of telling "outright lies" - a finding which potentially leaves him open to perjury charges.

Fraudulent Drumm faces ruin after bankruptcy bid fails in USA - Independent.ie

 

[whitehall]

Who?

 

[barryqwalsh]

He was the CEO of a bank, Anglo Irish Bank, which crashes. He fled to Boston with millions and the liquidators have been trying to get their hands on him and the money.

 

[barryqwalsh]

The special liquidators of Anglo Irish Bank now only have loans with a face value of less than €500 million remaining to be sold in what has been the biggest liquidation in Irish corporate history.
This means the bank which has become synonymous with Ireland’s economic collapse is now essentially no more.


Anglo Irish Bank liquidation nears completion