Friday 17 August 2018

Drumms' American dream comes to a shattering end

Disgraced banker was a pillar of his well-heeled Boston community before returning home, writes Maeve Sheehan

STANDING BY HER MAN: Wife Lorraine
STANDING BY HER MAN: Wife Lorraine
Maeve Sheehan

Maeve Sheehan

In October 2015, when David Drumm was locked up in a US jail awaiting extradition to Ireland, relatives, neighbours, colleagues wrote glowing references to the presiding judge attesting to his fine character. His wife, Lorraine, begged Judge Donald Cabell to allow him home to her and their two daughters. He was her "best friend", the "love of her life" and her "rock", she wrote.

Drumm didn't get bail. The former chief executive of Anglo Irish Bank remained in prison until his extradition to Ireland to face the €7.2bn fraud and false accounting charges he was convicted of last week. While his family and American friends didn't sway the judge, they tell their own story about the man who left the sinking ship of the former Anglo Irish Bank to buy into the all-American dream.

According to Lorraine Drumm's letter to Massachusetts Judge Cabell, the family's love affair with America began long before the Anglo debacle, in 1998 when her husband was sent by Anglo to build up the bank's American business.

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