This is called a “Phoenix” scam. (where a company is deliberately liquidated leaving creditors/employees high and dry…but then the same people re-open the business under a new company name) I have gotten numerous phone calls from business owners about these scams in Clonmel, Mallow, Portlaoise and beyond. There are networks of shady business people making millions from it. It needs to be taken very seriously, but the laws aren’t enforced. White collar crime just goes unpunished.

Fred Bassett's avatarPosted by

Nick Delehanty

@Nick_Delehanty

. Make Crime illegal

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The Irish Politics Newsletter

@TullMcAdoo

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19h

Coffee Shop owner in Limerick calls out other coffee shops who declare bankruptcy, leaving suppliers and employees owed money, and then go off and start up another business. And now the @RAI_ie is getting a taxpayer bailout. Will the RAI pass on the VAT cut? Will they fuck. x.com/kingkane/statu…

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