Wednesday June 3, 2020

Quinns gambled millions on post Anglo CFDs

The family of businessman Sean Quinn gambled hundreds of millions of euro on stocks and shares after the Quinn Group had shut down its position on Anglo Irish Bank.

9th June, 2012

The family of businessman Sean Quinn gambled hundreds of millions of euro on stocks and shares after the Quinn Group had shut down its position on Anglo Irish Bank.

The family invested more than €200 million in a range of companies through contracts for difference (CFDs) in an effort to recoup some of its huge losses on Anglo. The vast bulk of the money was lost, according to confidential documents obtained by *The Sunday Business...

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