A MEETING of creditors to consider the appointment of a liquidator has been called by Blackrock Cabs Ltd, the company associated with the alleged “pyramid” investment scheme operator Breifne O’Brien.
The meeting is to be held in the Harcourt Hotel, Harcourt Street, Dublin, tomorrow week on September 8th.
Last year two brothers who gave money to Mr O’Brien for investment purposes secured transfer orders affecting Mr O’Brien in the courts, including the transfer of his interest in Blackrock Cabs. He did not contest the court application.
Mr O’Brien’s wife, Fiona Nagle, had made claims over her husband’s interest in the cab company but did not pursue the issue. She resigned as a director of the company in January. Mr O’Brien had resigned as a director in February 2009.
Farmers Louis and Robert Dowley, Carrick-on-Suir, Co Tipperary, secured transfer orders against Mr O’Brien in November 2009 over his failure to repay the vast bulk of judgment orders for €3 million granted against Mr O’Brien earlier arising from their giving him sums to invest.
Mr Justice Peter Kelly made orders transferring to the sheriff the shareholdings by Mr O’Brien in several companies including Independent News and Media, AIB, Merrion Pharmaceuticals, CRH and Blackrock Cabs.
The Dowleys are among several investors who secured judgment for sums totalling some €18 million against Mr O’Brien, over allegedly operating a “pyramid” investment scheme over some 15 years, misappropriating millions from several investors to fund his personal lifestyle and business interests.
Mr Justice Kelly referred papers in the case to the Garda Fraud Squad.
