Merricks Beach Resort developer says O’Halloran stole funds to woo woman with jet set lifestyle!
It’s quite a story coming forth in Caribbean and Irish courts. Harlequin Property CEO David Ames is alleging that Padcraig O’Halloran, Managing Director of the ICE Group, diverted “significant sums” of project funds to O’Halloran’s girlfriend. Diamonds, chartered jets, a home at Sandy Lane, Barbados – apparently nothing was too good for Suzanne Floyd, or so say the court documents.
Sorry folks, but I love it when the Gulfstream crowd self-destructs via over-spending, over-indulging or that old standby, a femme fatale.
A former employee of Mr O’Halloran’s, Trisha Young, said in an affidavit the “key motive behind the siphoning off of funds was to continue to enable his beloved girlfriend Suzanne Floyd to live her lavish lifestyle”.
Mr Ames’s companies – Harlequin Property (SVG) Ltd and Harlequin Hotels and Resorts Ltd – have brought their proceedings arising from their engaging two companies of Mr O’Halloran’s – ICE Group (SVG) Ltd and Cellate Caribbean (SVG) Ltd – in 2008 to complete the construction of a multimillion-dollar development in Buccament Bay in St Vincent and the Grenadines. Mr Ames claims more than $52 million was provided to ICE and Cellate but Mr O’Halloran diverted and misappropriated significant sums.
… from the IrishTimes.com article Caribbean firms allege developer stole hotel funds
“The Rt. Hon. Stephenson King, Prime Minister of St Lucia, visited the Buccament Bay Beach Resort last week and met Padcraig O’Halloran, Managing Director of the ICE Group, who is in charge of the construction of the development. The Prime Minister said he was impressed by the quality and standard of the workmanship and was excited about Harlequin Hotels & Resorts development at The Marquis Estate in St Lucia.”