Sean Dunne, and wife Gayle, who left a trail of financial destruction in Ireland
Following the exclusive revelation on here last month that a Connecticut property associated with the Dunnes – Sean, the former “Baron of Ballsbridge” and wife Gayle – was sold for USD 5.5m (€4.5m), NAMA made an application in the US courts attempting to freeze Sean Dunne’s assets. Sean is being accused of shenanigans in relation to transactions involving three properties: 38 Bush Avenue and 42 Bote Road, both in Connecticut and an apartment in the Chene-Bougeries suburb of Geneva. He owes NAMA at least €185m following a judgment earlier this year, but NAMA seems to think he has benefited from transactions involving the three properties, and the Agency wants its money.
Unfortunately for NAMA, the US courts have refused to grant an interim order stopping dispersal of assets and according to the Mail on Sunday today, the case is set to be heard in October this year. The Dunnes have previously denied owning the US properties and are seemingly claiming the transaction involving the Swiss apartment yielded little or no profit.
The Mail on Sunday today gives us an update on everyday life for the Dunnes. Sean is still driving the USD 36,000 Lexus and the wife has a lowly USD 7,000 Jeep Cherokee, though that doesn’t stop NAMA describing both vehicles as “luxury” in its application. Of more interest is that the Dunnes are “believed” to still reside at 421 Field Point Road, the famous mansion in Greenwich with the colourful history and which costs close to USD 20,000 a month to rent. There are photos of the cars and house, courtesy of the local newspaper “Greenwich Time”, here.
In addition to the properties at Bote Road and Bush Avenue, the Dunnes are said to have “a third house in the US [that] remains unsold” – this “third house” is not unidentified.
(Graphic above produced by Japlandic.com, contact here)