Michael Lynn hit the press again as new allegations and issues arose in Hungary where a development owned by him has ceased construction and there are fears that many innocent parties in Ireland have lost huge amounts of personal savings, some of which is probably SSIA’s.
I wrote in a previous article that if he had any sense he would sell off foreign assets or the companies behind them and keep liquid only those out of European jurisdiction, I think the guy must read my blog, he’s been doing all of it exactly as its written. On November 30th he sold the company to a Cypriot business.
This could be a way of ensuring that his foreign empire is not touched because if the Cyprus business is owned/operated by a friend then he could still maintain effective control without ever having to be in Hungary or anywhere else, the conversation would be along the lines of ‘if you help me you get 40% of the profit, just tell the cops to get stuffed and sell the units asap’.
There is …