Alleged €2m fraud discovered at Dr Quirkey’s Good Time Emporium


The cost of the alleged fraud uncovered by the directors of the company which operates gambling halls and casinos, Dr Quirkey’s Good Time Emporium, has risen to 2.56 million euros.

This follows new accounts showing that Dublin Pool and Juke Box Ltd were victims in 2020 of a new alleged €543,758 fraud.

The alleged fraud of €543,758 in 2020 adds to the directors calculating the alleged fraud perpetrated against the company from 2019 and 2018 to a total of €2.026 million.

The long-established business in Dublin is owned by 75-year-old businessman and manager Richard Quirke, who is Rosanna Davison’s father-in-law.

The new 2020 accounts show that the alleged fraud of €543,758 perpetrated on the firm in 2020 consisted of €427,387 in embezzlement of cash and €116,371 in misappropriated bank payments.

The alleged 2020 fraud now brings the total cash misappropriated to €2.22 million for 2020, 2019 and 2018 and the alleged fraud of misappropriated bank payments to €342,764 over the three years.

After the company’s alleged fraud was uncovered by directors in December 2020, the company appointed outside financial consultants to conduct a thorough and comprehensive forensic investigation into the company’s systems and processes.

The directors specify that “this led to the identification of unpaid taxes and interest which were fully provisioned in the company’s accounts”.

The new accounts show an additional €495,355 appearing under “interest on overdue tax”, bringing to a total of €946,952 paid in interest on overdue tax for 2020, 2019 and 2018.

The firm’s auditor, Colm Malone, on behalf of Clonshaugh Business Park-based Rush Malone and Co, has qualified his opinion on the financial statements on the alleged total of money misappropriated in 2020 of €427,387.

Mr Malone said that “in respect of the amounts considered misappropriated of €427,387, the information available was limited to determine the exact nature of the misappropriation”.

Mr Malone says: ‘During the year the company did not carry out regular cash counts and did not have an adequate system of recording all cash movements.

He added: “Due to the nature of the company’s records, we were unable to obtain sufficient appropriate audit evidence regarding all cash movements during the period using other procedures. audit.”

Falling revenue

Dr Quirkey’s business on O’Connell Street in Dublin closed in spring 2020 and did not reopen until December 2021 due to Covid-19 lockdown measures.

This contributed to a revenue decline of 4.75% from €10.06 million to €9.58 million in the 12 months ending June 2020.

Cost of €543,758 from alleged fraud and €495,355 arising from interest on overdue taxes in 2020 contributed to increase pre-tax losses by 27% for the company to €1.61 ​​million for fiscal year 2020.

The 2020 loss led to a further decline in the balance sheet of Dublin Pool and Juke Box Ltd, with shareholder funds falling from €33.6 million to €31.93 million.

The company’s cumulative profits amount to 24.45 million euros with a cash position of 3.93 million euros.

The newly filed 2020 accounts were signed on the same day in March this year as the 2019 accounts filed last week, which revealed the alleged fraud for the first time.

In response to the alleged fraud, the directors state that “the company has implemented a broad and extensive program of governance and operational improvements at all levels of the organization”.

Dr. Quirkey’s Good Time Emporium has been contacted for comment.


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