McCanns used fund to pay mortgage ! - HotUKDeals
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McCanns used fund to pay mortgage !

edi Avatar
9y, 1m agoPosted 9 years, 1 month ago
Never thought my wee contribution would be used this way... :)

http://news.bbc.co.uk/1/hi/uk/7068760.stmhttp://news.bbc.co.uk/1/hi/uk/7068760.stm
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edi Avatar
9y, 1m agoPosted 9 years, 1 month ago
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#1
edi
Never thought my wee contribution would be used this way... :)

http://news.bbc.co.uk/1/hi/uk/7068760.stm



I saw that, depends on which way you look at it. That allowed them not to work and continue the hunt for Madeline which was what the donation was for! Depends if they paid off some capital with it!q
[mod]#2
They really are scum.

Maybe if i neglect my children someone will pay mine. :roll:
#3
Well they say charity begins at home :)
#4
Syzable
They really are scum.

Maybe if i neglect my children someone will pay mine. :roll:


*hands bag of cash to Syzable*
#5
...%$£t*uer(ijfdsjds!!!!...
[mod]#6
harvie316
*hands bag of cash to Syzable*


Woooooooooooooo Hooooooooooooooooooooooo :-D :giggle:
1 Like #7
I'm with Benjimoron. It just depends on whether you think allowing them to take unpaid leave to continue with the search is an acceptable use of the funds. The trustees of the charity and ultimately the charity commission will decide whether the payments are in keeping witht the articles of the charity.

I don't have a problem with it as long they didn't pay off capital. And they stopped the payments when they became suspects, which seems honourable enoughh to me.
[mod]#8
At its launch, Madeleine's uncle John McCann said: "This fund will be a vehicle to help our family get our darling, wee niece back."


Mmmmmmm.....:thinking:
#9
i don't have a problem with it at all, and calling them scum is surely ott.
[mod]#10
sharon_uk
i don't have a problem with it at all, and calling them scum is surely ott.


Not at all, i think that's going easy on people who neglect their children.
banned#11
i personally can already see this thread going the same way as the others, and whilst i deeply feel for all involved (including the parents) i must say it does grreve me a little to think they are using the charity money to live
[helper]#12
And why do they still have £1 million anyway? why haven't they spent every penny on finding who did this? or finding Madeline?

Instead of sitting on the money and paying for the odd advert.....
#13
gari189
And why do they still have £1 million anyway? why haven't they spent every penny on finding who did this? or finding Madeline?

Instead of sitting on the money and paying for the odd advert.....



Wonder if they're just collecting the interest before spending it? £60,000 a year interest would be nice!
banned#14
At its launch, Madeleine's uncle John McCann said: "This fund will be a vehicle to help our family get our darling, wee niece back."


It'll still be a vehicle, so what if it's in the shape of a Bentley?

I like the suspect, surely someone would have seen him, his distinguishing feature is that he has no features.
#15
shieldsy
The trustees of the charity and ultimately the charity commission will decide whether the payments are in keeping with the articles of the charity


It's not, and never has been, a registered charity. The Charity Commission advised them, when the fund was set up, that the stated aims of it didn't comply with Ch. Comm. rules, so it was just set up as a private fund with trustees. Draw your own conclusions.............................:)

See FAQ 2:

http://www.findmadeleine.com/fund/faq.asp
#16
The whole thing is a farce sadly, I believe there is more to this than meets the eye where the McCanns are concerned.
#17
diabolical liberty - thats all i have too say on the subjest
#18
I dont think that its right that the money was used for their mortgage - especially as its approx £2000 a month! Why not sell the home and move to a smaller one? The mortgage would be less and could be paid with the money from the sale of the other house.
#19
Wow ... hope I never have any of you lot in a jury! Guilty until proven innocent.

Trust funds are very strictly regulated. If a Trust is found to have been misappropriating funds the Trustees become personally legally liable - even to the extent of losing their homes, possessions & bankruptcy.

Personally, I can't see what the big fuss is all about. Regardless of what we think about the whole affiar, people paid money into the trust fund in order to finance the campaign. The parents have basically been acting as campaign managers ... even charitable trusts have to pay their staff. I know cause I work for one. Were the parents meant to be doing all the campaigning/promoting/PR/travelling etc and still carry on with their full-time jobs? Again - regardless of what you think about the whole affair - they have proved incredibly effective campaign managers. Getting their living costs paid seems an incredibly cheap way of doing it rather than hiring someone else.

If there's been any fraud then let the police sort it out. Typical British media reaction of build people up in order to knock 'em down. Typical British public reaction of baying for blood before they've in possession of all the facts.
#20
Ok - just read the FAQ's on the "findmadeline" website. It isn't a trust fund but a company limited by guarantee.

Have read the website and the details are all perfectly clear and straighforward. It explicitly states that family members may be beneficiaries of the fund and that part of the funds aims are to provide support (including financial assistance) to the family. Which makes this whole episode even more of a non-story IMHO
#21
£4,000 for 2 months mortgage payments WOW!!

If I paid into this fund I would want my money back, there again if I was daft enough to give good money away to these people I would be daft enough to also accept this as being OK :roll:
#22
shieldsy

Trust funds are very strictly regulated. If a Trust is found to have been misappropriating funds the Trustees become personally legally liable - even to the extent of losing their homes, possessions & bankruptcy.


Who said it was a trust fund? It's a private limited company with the McScams as directors.

Here:
http://wck2.companieshouse.gov.uk/c214440c8a7e236cbc52582a31a116d2/compdetails
#23
shieldsy
Ok - just read the FAQ's on the "findmadeline" website. It isn't a trust fund but a company limited by guarantee.

Have read the website and the details are all perfectly clear and straighforward. It explicitly states that family members may be beneficiaries of the fund and that part of the funds aims are to provide support (including financial assistance) to the family. Which makes this whole episode even more of a non-story IMHO


They have substantially altered that page recently AFTER getting all the support. It certainly wasn't made clear to early donors.
#24
When you pay money to any trust fund/charity/campaign you will paying the mortgage/rent of it's staff ... and their shopping and petrol and christmas presents for their children etc etc. If the fund were'nt paying the mortgage of the McCann's it'd be paying the mortgage of the professional they'd hired to do the job for them. Everyone just needs to get a bit real on this.
#25
shieldsy
When you pay money to any trust fund/charity/campaign you will paying the mortgage/rent of it's staff ... and their shopping and petrol and christmas presents for their children etc etc. If the fund were'nt paying the mortgage of the McCann's it'd be paying the mortgage of the professional they'd hired to do the job for them. Everyone just needs to get a bit real on this.


Therefore not benefitting there own financial wealth.

Sell the house and live in a flat if you want money to help find your "missing daughter"

But they won't do this cos they wouldn't want to waste their own money on a known lost cause would they :thumbsup:
#26
shieldsy
When you pay money to any trust fund/charity/campaign you will paying the mortgage/rent of it's staff ... and their shopping and petrol and christmas presents for their children etc etc. If the fund were'nt paying the mortgage of the McCann's it'd be paying the mortgage of the professional they'd hired to do the job for them.


Nonsense, they'd be paid to do a job, according to the professional rate, they wouldn't just fund whatever their existing expenses are.

"The FIGHTING FUND buckets that were placed at the reception of the Ocean Club at the time, it was poster of Madeleine with fighting fund printed on it, on each bucket, for money donations. The Ocean Club staff weren't too happy about the buckets being placed at reception as they used to have their tips buckets their, which were now replaced with these fighting fund ones."
#27
[QUOTE=col]£4,000 for 2 months mortgage payments WOW!!


you wouldnt want my mortgage then!! :oops:
#28
It should have been made clear at the start that they intended to use the money in this way. That way, if people chose to donate then they knew where their money was going.
#29
col
Therefore not benefitting there own financial wealth.

Sell the house and live in a flat if you want money to help find your "missing daughter"

But they won't do this cos they wouldn't want to waste their own money on a known lost cause would they :thumbsup:


That's a different matter. What you're basically saying is that the whole missing daughter thing is a sham and a nice little earner.

I guess only time will tell the truth of that. And that debate has been the subject of other threads.

However, on the more specific subject of whether a fund (that explicitly states that one of it's aims is to support the family) should pay their mortgage, I for one have absolutely no issue with it and can't comprehend why anyone would. Like I said, if weren't paying their mortgage it would be paying some much larger sum to cover the mortgage of other professionals.

Even if they lived in a smaller house they'd still have to pay a mortgage/rent on it. Or, upon discovering/inventing the whole missing daughter events should they have sold all their worldly goods, lived in a squat and sold the big issue to support the campaign?
#30
Why did a mod start this thread? :?

All Maddie threads have accusations, counter accusations and posts in really poor taste.

If anyone paid money into the fund, you should've done some digging to find out what it would've been used for. If you didn't because "At the end of the day a child is missing", guess what? She still is.

I have never contributed to a Maddie thread before; this will be my 1st and last.
#31
I heard they done up there living room as well:?

http://www.dandt.co.uk/images/home-cinema.jpg
#32
thesaint
Why did a mod start this thread? :?

All Maddie threads have accusations, counter accusations and posts in really poor taste.

If anyone paid money into the fund, you should've done some digging to find out what it would've been used for. If you didn't because "At the end of the day a child is missing", guess what? She still is.

I have never contributed to a Maddie thread before; this will be my 1st and last.




i was thinking the same.

all the others were deleated due to what imo was not nice slaunder, and speculations. very few facts.

i have said my bit but hopefully this thread will disapear like the previous ones.
#33
harvie316
I heard they done up there living room as well:?

http://www.dandt.co.uk/images/home-cinema.jpg



:x


silly point made imo.


also edi what were you thinking of, starting this tread.!!

not like you!
#34
kelly_o_fanatic
It should have been made clear at the start that they intended to use the money in this way. That way, if people chose to donate then they knew where their money was going.


Whenever you give any money to any charity/trust/campaign etc a proportion of it goes to activities that are not directly involved in the "front-line". My rent (and all my other living cost - including some luxury items) are paid by people/organisations who give to a charitable organisation that helps kids in inner-city Bradford. That's just the way it is!

I suspect that when they set up the fund in the aftermath of their daughter going missing, the thing at the front of their minds wasn't, "what will it look like if in 6 months time we still haven't found our daughter and we're still acting as campaign managers and we're still on unpaid leave and the fund reaches such a size as to generate massive amounts of interest".

There is no guide book on "how to live your lives and manage an internation campaign once your daughter has gone missing". These guys are pretty much having to make it up as they go along. No doubt they're going to make some mistakes, but as far as I can tell, they seem to be doing an ok job of it and doing it with a reasonable degree of integrity.

Like I said - any misgivings/suspicions people have about the whole "missing madeline" story are a completely different kettle of fish. But I don't think that should prejudice you against every single action they make.
#35
I am now apathetic towards the news, do I care about this? hmph - no.
banned#36
Well alot of money has been collected I dont think its fair for people to criticise how they use it, fair play to the Mccanns!

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