€18m US court ruling against Sean Dunne

A US jury in the Sean Dunne civil trial has awarded just over €18m to his bankruptcy trustee after finding he had proved that the bankrupt Carlow property developer fraudulently transferred some assets to put them beyond the reach of creditors. The jurors made the award at the Connecticut district court on the fourth day of their deliberations following a five-week trial taken over the alleged illegal transfer of assets.

They awarded Mr Dunne’s US bankruptcy trustee, Richard Coan, a total of €18.04m after finding that he had proved that “Dunne engaged in an intentionally fraudulent money transfer of €3,015,000 from his joint Credit Suisse account with Gayle Killilea to Gayle Killilea’s individual account in violation of lrish law”.