Author Topic: Mitchell: McCanns move funds from Madeleine Fund to another account.  (Read 77435 times)

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Offline faithlilly

Madeleine McCann's parents ready to continue search if police end investigation into her disappearance



2 September 2015

A spokesman said the couple accepted police could not continue to fund an investigation indefinitely and have set aside cash to continue the search themselves.

The parents of Madeleine McCann are preparing for the police probe into their daughter’s disappearance to be shelved, their spokesman said today.

Kate and Gerry McCann continue to pump thousands of pounds into a special fund for use when the official investigation, codenamed Operation Grange and launched more than four years ago, finally ends.

Family spokesperson Clarence Mitchell said today: “They realise it cannot go on forever.”

He added: “Kate and Gerry remain incredibly grateful to the Met Police for their continuing work and effort and are grateful to everyone who continues to make Operation Grange possible.

“The Government and police make the decision about funding, it is not Kate and Gerry’s role.”

He told how former GP Kate and heart doctor Gerry, both 37, of Rothley, Leics, had moved money from the publicly-backed Find Maddie Fund into a special account in anticipation of having to finance the hunt for their daughter themselves.

Mr Mitchell said: “In a common sense and practical move, they have kept some money back from the Find Madeleine Fund in case it is needed for an ongoing search.”

A source close to the family said: “Kate and Gerry firmly believe Madeleine could still be alive and when the police investigation ends, they have vowed to continue looking for her.

"They don’t know when this will be, there has been so suggestion yet, but they want to be ready and have set aside huge chunks of money for this reason.”

Three-year-old Maddie was snatched during a family holiday in Portugal’s Praia da Luz in May 2007. She would now be aged 12.

As Maddie’s parents brace themselves for being told Operation Grange will end, the family source said: “Kate and Gerry know the investigation will come to an end at some point, especially with police budget cuts but they haven’t been advised when.”

A Home Office spokesperson said: “The Home Office remains committed to supporting the search for Madeleine McCann.

"Over the last four years we have given the Metropolitan Police the resources they say they need to investigate her disappearance, and we continue to do so.”

Sources in Portugal today insisted there was no evidence to suggest Operation Grange was going to be shelved in the short or medium term.

www.mirror.co.uk/news/uk-news/madeleine-mccanns-parents-ready-continue-6370581



Clarence Michell is quoted in the article as saying that the McCanns have moved huge amounts of money from the Find Madeleine Fund into another account to be used for the search for Madeleine if SY close their investigation. As the original fund was set up to search for Madeleine why the need for another account ?

Is it possible that the recent press reports around the cost of the investigation is simply to proffer a reason why large amounts of money are being transferred from the Fund ? Clarence Mitchell could have said nothing, he chose not to and I for one find that highly significant.


Post edited

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« Last Edit: September 05, 2015, 07:49:43 PM by John »
Brietta posted on 10/04/2022 “But whether or not that is the reason behind the delay I am certain that Brueckner's trial is going to take place.”

Let’s count the months, shall we?

Offline Eleanor

Re: Mitchell: McCanns move funds from Madeleine Fund to another account.
« Reply #1 on: September 03, 2015, 01:21:24 PM »

I imagine that The McCanns have done this to achieve the maximum amount of interest possible while it sits there.  While they wait so see for how long Scotland Yard are able to pursue the disappearance of their daughter.

Offline G-Unit

Re: Mitchell: McCanns move funds from Madeleine Fund to another account.
« Reply #2 on: September 03, 2015, 01:54:31 PM »
I imagine that The McCanns have done this to achieve the maximum amount of interest possible while it sits there.  While they wait so see for how long Scotland Yard are able to pursue the disappearance of their daughter.

If so why not open a high interest account in the name of the Fund?

Mr Mitchell said: ".In a common sense and practical move, they have kept some money back from the Find Madeleine Fund in case it is needed for an ongoing search"
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Offline faithlilly

Re: Mitchell: McCanns move funds from Madeleine Fund to another account.
« Reply #3 on: September 03, 2015, 01:55:20 PM »
I imagine that The McCanns have done this to achieve the maximum amount of interest possible while it sits there.  While they wait so see for how long Scotland Yard are able to pursue the disappearance of their daughter.

So why not have the whole of the fund in a high interest account to begin with ?
Brietta posted on 10/04/2022 “But whether or not that is the reason behind the delay I am certain that Brueckner's trial is going to take place.”

Let’s count the months, shall we?

Offline Carana

Re: Mitchell: McCanns move funds from Madeleine Fund to another account.
« Reply #4 on: September 03, 2015, 02:11:01 PM »
Who says another fund has been started?

Perhaps one has for some reason... No idea.

Offline Eleanor

Re: Mitchell: McCanns move funds from Madeleine Fund to another account.
« Reply #5 on: September 03, 2015, 02:13:43 PM »
If so why not open a high interest account in the name of the Fund?

Mr Mitchell said: ".In a common sense and practical move, they have kept some money back from the Find Madeleine Fund in case it is needed for an ongoing search"

How do you know that it isn't?

Offline faithlilly

Re: Mitchell: McCanns move funds from Madeleine Fund to another account.
« Reply #6 on: September 03, 2015, 02:14:07 PM »
Who says another fund has been started?

Perhaps one has for some reason... No idea.

Some of the money from the fund is certainly being siphoned off to another account. Mitchell has told us as much.
Brietta posted on 10/04/2022 “But whether or not that is the reason behind the delay I am certain that Brueckner's trial is going to take place.”

Let’s count the months, shall we?

Offline Eleanor

Re: Mitchell: McCanns move funds from Madeleine Fund to another account.
« Reply #7 on: September 03, 2015, 02:15:14 PM »
So why not have the whole of the fund in a high interest account to begin with ?

Some ongoing bills to pay, I expect.  The On Line Shop is still in action.  They have transaction to deal with.

Offline G-Unit

Re: Mitchell: McCanns move funds from Madeleine Fund to another account.
« Reply #8 on: September 03, 2015, 02:21:16 PM »
Some of the money from the fund is certainly being siphoned off to another account. Mitchell has told us as much.

No, what he said was 'kept back from the Fund'. That suggests money which would have been paid into the Fund hasn't been paid in, it's been 'kept back'.
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Offline Carana

Re: Mitchell: McCanns move funds from Madeleine Fund to another account.
« Reply #9 on: September 03, 2015, 02:22:08 PM »
Some of the money from the fund is certainly being siphoned off to another account. Mitchell has told us as much.

So what are we talking about? An ear-marked amount of money if Op Grange closes down? A reserved-access bank account? A new and separate legal entity?

Offline Eleanor

Re: Mitchell: McCanns move funds from Madeleine Fund to another account.
« Reply #10 on: September 03, 2015, 02:26:10 PM »
No, what he said was 'kept back from the Fund'. That suggests money which would have been paid into the Fund hasn't been paid in, it's been 'kept back'.

Some of Kate's Book Money, I expect.  Her's to do with as she pleases.  So she has probably stashed it in a high interest account.

Offline faithlilly

Re: Mitchell: McCanns move funds from Madeleine Fund to another account.
« Reply #11 on: September 03, 2015, 02:26:21 PM »
No, what he said was 'kept back from the Fund'. That suggests money which would have been paid into the Fund hasn't been paid in, it's been 'kept back'.

No this is what he said G-Unit :


'He told how former GP Kate and heart doctor Gerry, both 37, of Rothley, Leics, had moved money from the publicly-backed Find Maddie Fund into a special account in anticipation of having to finance the hunt for their daughter themselves.'
Brietta posted on 10/04/2022 “But whether or not that is the reason behind the delay I am certain that Brueckner's trial is going to take place.”

Let’s count the months, shall we?

Offline Alice Purjorick

Re: Mitchell: McCanns move funds from Madeleine Fund to another account.
« Reply #12 on: September 03, 2015, 02:31:36 PM »
Some of Kate's Book Money, I expect.  Her's to do with as she pleases.  So she has probably stashed it in a high interest account.
So the comment on the book dust cover about royalties from the book going to "The Fund"  was a load of kidology then ?
"Navigating the difference between weird but normal grief and truly suspicious behaviour is the key for any detective worth his salt.". ….Sarah Bailey

Offline Jean-Pierre

Re: Mitchell: McCanns move funds from Madeleine Fund to another account.
« Reply #13 on: September 03, 2015, 02:36:47 PM »
Is the "Mirror" a reliable source of information?

Offline Carana

Re: Mitchell: McCanns move funds from Madeleine Fund to another account.
« Reply #14 on: September 03, 2015, 02:44:18 PM »
Is the "Mirror" a reliable source of information?

Of course it is. The McCanns were once 37 years old, after all. ;)