Custom House Capital -Fraud. Ireland 2014.05.22

Youtube video published @... http://youtu.be/my-EfpfdvYQ

Source: http://www.independent.ie/opinion/columnists/shane-ross/regulation-a-fia...

A shocking insight into corruption inside the (CHC)
Custom House Capital: From left, director John Mullholland, chief executive Harry Cassidy and investment director John Whyte.

SO the bondholders were burned after all? No? Oh yes they were. Burned big time. Not those bondholders, the other bondholders. Big bondholders guaranteed. Little bondholders burned to a cinder.

Venture capitalists, global dealers, even hedge funds walked away from the banking crisis unscathed although they held high-risk bonds in Anglo Irish Bank. More careful savers became bondholders in Custom House Capital. They have been pauperised.

Who is responsible for the different outcomes? In both cases, the Irish Government and the Irish Central Bank. Regulation Irish-style still works for the big battalions and leaves the small investor abandoned.

On Thursday night a special Prime Time programme on RTE told the tale of Custom House Capital (CHC), the Irish "Ponzi scheme" that ripped off pensioners for many years. The Regulator emerges from the programme as a toothless, casual observer. At best.