Banner Brothers caught up in web of intrigue

With just $6m apparently available for creditors and the many Irish investors seeking the return of their investment, the affairs of liquidated Banners Broker promise to be messy despite assurances from some at the top, writes Investigative Correspondent Conor Ryan

Banner Brothers caught up in web of intrigue

IF you were among the 12,000 Irish people who had money invested in the mysterious online advertising product Banners Broker you are probably wondering what happens now.

A holding company in the Isle of Man was put into liquidation on Wednesday with no physical assets to its name, no remaining representative to stand for it, but there was a dormant bank account with $6m (€4.34m). It will be for the joint liquidators, overseen by a Committee of Investigation, to Banners to assess who should get that money.

You have reached your article limit. Already a subscriber? Sign in

Unlimited access starts here.

Try from only €0.25 a day.

Cancel anytime

More in this section

Revoiced

Newsletter

Had a busy week? Sign up for some of the best reads from the week gone by. Selected just for you.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited