Is the maddie fund.... now a secret fund

[Brietta]

No conundrum. When the fund was launched we were told that the fund would be fully transparent. Do we know the exact sum spent on litigation?

"When the Fund was launched, the McCanns were not being accused of committing crimes by every Tom, Dick & Harry & Madeleine had not been written off as dead by the investigating police force. Needs changed."
http://miscarriageofjustice.co/index.php?topic=9775.msg478572#msg478572

This is not only Misty's opinion it is a dyed in the wool fact.  In my opinion events in the real world circumvent the preserved in aspic notions of internet fora ... and move on apace with circumstances.

[kizzy]

When the Fund was launched, the McCanns were not being accused of committing crimes by every Tom, Dick & Harry & Madeleine had not been written off as dead by the investigating police force. Needs changed.

IMO.

Well imo needs didn't change -  they knew they needed that fund from the beginning.

That is why very early on it was made into a private fund ,,,the mccns fund imo

[Robittybob1]

Well imo needs didn't change -  they knew they needed that fund from the beginning.

That is why very early on it was made into a private fund ,,,the mccns fund imo

What would you be saying if they hadn't bothered to set up a company and just banked it into their private account and spent it without telling anyone?

[kizzy]

What would you be saying if they hadn't bothered to set up a company and just banked it into their private account and spent it without telling anyone?

I would say.


Oh lol -  so it isn't  the same thing.

[Robittybob1]

I would say.


Oh lol -  so it isn't  the same thing.

Why did they set up the company rather than just bank it and have a huge personal fortune they could have spent on themselves?

[Brietta]

What is recorded is an absolute bare minimum and makes a mockery of the original promise of transparency.

It provided sufficient information to enable our members to trawl it and find what they wanted ... so I think it may be less opaque than is made out.

[Brietta]

Well imo needs didn't change -  they knew they needed that fund from the beginning.

That is why very early on it was made into a private fund ,,,the mccns fund imo

In my opinion Madeleine's Fund did not meet the criteria for it to be a charity therefore short of banking it with friends - a propos the Amaral model - it was necessary to turn it into a Fund.

[Brietta]

Why did they set up the company rather than just bank it and have a huge personal fortune they could have spent on themselves?

Actually most of the money in it was theirs anyway ... from the profits made by Kate's best seller.

[kizzy]

In my opinion Madeleine's Fund did not meet the criteria for it to be a charity therefore short of banking it with friends - a propos the Amaral model - it was necessary to turn it into a Fund.

Yes - but  they still had control what it was spent on...they made sure of that.

Eventually using it on what ever they wanted to use it for.

It may as well of been in there bank imo

[kizzy]

Actually most of the money in it was theirs anyway ... from the profits made by Kate's best seller.

Obviously thats IYO.

IIRC The fund topped well over 3 million - donated by the public

[jassi]

Actually most of the money in it was theirs anyway ... from the profits made by Kate's best seller.

As it was announced when the book was released, all profits were to go to the Find Madeleine Fund, so technically it never really was the McCann's money.

[Alice Purjorick]

Actually most of the money in it was theirs anyway ... from the profits made by Kate's best seller.

The last time we could put a proper handle on this was for 2007 through 2014.
That shows a gross income for the period of £4.25MM with £1.87MM being contributed by book sales and damages awards.

There would seem to be something wrong there somewhere with your arithmetic.
Maybe you should make a correction.......unless of course the hidden subtitle is that all documents filed at Companies House have been tampered with.......

[Miss Taken Identity]

The last time we could put a proper handle on this was for 2007 through 2014.
That shows a gross income for the period of £4.25MM with £1.87MM being contributed by book sales and damages awards.

There would seem to be something wrong there somewhere with your arithmetic.
Maybe you should make a correction.......unless of course the hidden subtitle is that all documents filed at Companies House have been tampered with.......

Well Alice, some people are good at 'google latin' and not so good at mafffs.

People were donating at the beginning to assist the family,as they felt sorry for them. I have no issue with that, or if they spent that money on the twins and gave to another charity,However, my own and others observation is: they sought to exploit this by setting up a company  in the guise of searching for Madeleine -in effect they made her a 'commodity'. And they had no shame in promoting this commodity for financial gain.No sooner had they done this it was discovered that they were going to use the money for their legal defence as this was expected early on. Regarding the book- this was another 'company' promotion for financial gain. No one would be even remotely interested in KM if her daughter didn't 'disappear'. So as good authors go- she isn't one of them story telling > welll yes, good at that IMO.

[faithlilly]

"When the Fund was launched, the McCanns were not being accused of committing crimes by every Tom, Dick & Harry & Madeleine had not been written off as dead by the investigating police force. Needs changed."
http://miscarriageofjustice.co/index.php?topic=9775.msg478572#msg478572

This is not only Misty's opinion it is a dyed in the wool fact.  In my opinion events in the real world circumvent the preserved in aspic notions of internet fora ... and move on apace with circumstances.

So did the aims say ‘ we will do x,y and z with the money but remain alert because we might just change things if the need arises ?

[G-Unit]

So did the aims say ‘ we will do x,y and z with the money but remain alert because we might just change things if the need arises ?

It would be interesting to know why the directors decided at the end of 2011 to take away object  3.3; to provide financial assistance to Madeleine's family.