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

[G-Unit]

That could only be the fund directors in my way of thinking.

Why would they hide their income and expenditure from GA and his lawyers?

[Robittybob1]

Why would they hide their income and expenditure from GA and his lawyers?

Lest he be tempted.

[jassi]

Lest he be tempted.

If so minded, would Amaral not be more interested in targeting the McCanns personal assets?
The salary of a professor and the value of the McCann Towers will not be a closely kept secret.

[G-Unit]

Lest he be tempted.

Tempted to do what?

[kizzy]

IMO this statement shows the fund was for the mccanns survival  -not maddies.




Gerry bemoans inability to use funds for legal costs as 'a disaster', 09 September 2007
Now we're fighting for our lives News of the World
 
By Sarah Nuwar
09 September 2007
 
Extract:
 
The McCanns now fear the cops may be about to arrest and charge them. Gerry told us: "Our lawyer said the weight of it is that, under the Portuguese legal system, they've got enough to move forward against us."
 
Then he revealed they may consider flying in a crack legal team from the UK to assist their Portuguese advisor.
 
But he confessed he is frustrated they are not allowed to use any of the £800,000 Madeleine Fund— boosted by celebrity appeals including Harry Potter author J.K. Rowling and soccer star David Beckham—to pay their mounting legal bills.
 
"It seems like a disaster that we've got this huge donated fund and now we're not allowed to use it for legal costs because we're under suspicion," said Gerry.

[G-Unit]

IMO this statement shows the fund was for the mccanns survival  -not maddies.




Gerry bemoans inability to use funds for legal costs as 'a disaster', 09 September 2007
Now we're fighting for our lives News of the World
 
By Sarah Nuwar
09 September 2007
 
Extract:
 
The McCanns now fear the cops may be about to arrest and charge them. Gerry told us: "Our lawyer said the weight of it is that, under the Portuguese legal system, they've got enough to move forward against us."
 
Then he revealed they may consider flying in a crack legal team from the UK to assist their Portuguese advisor.
 
But he confessed he is frustrated they are not allowed to use any of the £800,000 Madeleine Fund— boosted by celebrity appeals including Harry Potter author J.K. Rowling and soccer star David Beckham—to pay their mounting legal bills.
 
"It seems like a disaster that we've got this huge donated fund and now we're not allowed to use it for legal costs because we're under suspicion," said Gerry.

In my opinion the McCanns became too enmeshed with the Fund. Once it was set up it was nothing to do with them, it was a separate entity and should have had no family members or friends as directors.

[faithlilly]

In my opinion the McCanns became too enmeshed with the Fund. Once it was set up it was nothing to do with them, it was a separate entity and should have had no family members or friends as directors.

I’m afraid that’s where most of the questions have stemmed from.

[Robittybob1]

IMO this statement shows the fund was for the mccanns survival  -not maddies.




Gerry bemoans inability to use funds for legal costs as 'a disaster', 09 September 2007
Now we're fighting for our lives News of the World
 
By Sarah Nuwar
09 September 2007
 
Extract:
 
The McCanns now fear the cops may be about to arrest and charge them. Gerry told us: "Our lawyer said the weight of it is that, under the Portuguese legal system, they've got enough to move forward against us."
 
Then he revealed they may consider flying in a crack legal team from the UK to assist their Portuguese advisor.
 
But he confessed he is frustrated they are not allowed to use any of the £800,000 Madeleine Fund— boosted by celebrity appeals including Harry Potter author J.K. Rowling and soccer star David Beckham—to pay their mounting legal bills.
 
"It seems like a disaster that we've got this huge donated fund and now we're not allowed to use it for legal costs because we're under suspicion," said Gerry.

You would think if they were guilty and hence likely to be charged at some stage the fund would have been specifically set up to help with legal costs, wouldn't you?

[G-Unit]

You would think if they were guilty and hence likely to be charged at some stage the fund would have been specifically set up to help with legal costs, wouldn't you?

According to Brian Kennedy early on, it was for legal fees.

https://www.youtube.com/watch?v=ML-gTcKDKrM

[Robittybob1]

According to Brian Kennedy early on, it was for legal fees.

https://www.youtube.com/watch?v=ML-gTcKDKrM

He thought so at the time but was he a director?

[Alice Purjorick]

He thought so at the time but was he a director?

He was appointed a director on 16th May 2007 the day the company was incorprated.
The video date according to the presenter is 17th May 2007.

[Alice Purjorick]

IMO this statement shows the fund was for the mccanns survival  -not maddies.




Gerry bemoans inability to use funds for legal costs as 'a disaster', 09 September 2007
Now we're fighting for our lives News of the World
 
By Sarah Nuwar
09 September 2007
 
Extract:
 
The McCanns now fear the cops may be about to arrest and charge them. Gerry told us: "Our lawyer said the weight of it is that, under the Portuguese legal system, they've got enough to move forward against us."
 
Then he revealed they may consider flying in a crack legal team from the UK to assist their Portuguese advisor.
 
But he confessed he is frustrated they are not allowed to use any of the £800,000 Madeleine Fund— boosted by celebrity appeals including Harry Potter author J.K. Rowling and soccer star David Beckham—to pay their mounting legal bills.
 
"It seems like a disaster that we've got this huge donated fund and now we're not allowed to use it for legal costs because we're under suspicion," said Gerry.

The original company objects were:
3.   The objects of the Foundation are:
3.1.1   To secure the safe return to her family of Madeleine McCann who was abducted in Praia da Luz, Portugal on Thursday 3rd May 2007;
3.1.2   To procure that Madeleine’s abduction is thoroughly investigated and that her abductors, as well as those who played or play any part in   assisting them, are identified and brought to justice; and
3.1.3   To provide support, including financial assistance, to Madeleine’s family.
3.2     If the above objects are fulfilled then the objects of the Foundation shall be to pursue such purposes in similar cases arising in the United   Kingdom, Portugal or  elsewhere.
 

These objecta were subsequently changed, in December 2011, to:
Objects
2B. The objects of the Foundation are:
2B.1.1 To secure the safe return to her family of Madeleine McCann who was abducted in Praia da Luz, Portugal on Thursday 3rd May 2007; and
2B.1.2 To procure that Madeleine's abduction is thoroughly investigated and that her abductors, as well as those who played or play any part in assisting them, are identified and brought to Justice.
2B.2 If the above objects are fulfilled then the objects of the Foundation shall be to pursue such purposes in similar cases arising in the United Kingdom, Portugal or elsewhere.

[Alice Purjorick]

Is there a correlation between the changes to The Foundation objects Dec 2011 and the appearance of "restricted funds" in the accounts

[Miss Taken Identity]

The original company objects were:
3.   The objects of the Foundation are:
3.1.1   To secure the safe return to her family of Madeleine McCann who was abducted in Praia da Luz, Portugal on Thursday 3rd May 2007;
3.1.2   To procure that Madeleine’s abduction is thoroughly investigated and that her abductors, as well as those who played or play any part in   assisting them, are identified and brought to justice; and
3.1.3   To provide support, including financial assistance, to Madeleine’s family.
3.2     If the above objects are fulfilled then the objects of the Foundation shall be to pursue such purposes in similar cases arising in the United   Kingdom, Portugal or  elsewhere.
 

These objecta were subsequently changed, in December 2011, to:
Objects
2B. The objects of the Foundation are:
2B.1.1 To secure the safe return to her family of Madeleine McCann who was abducted in Praia da Luz, Portugal on Thursday 3rd May 2007; and
2B.1.2 To procure that Madeleine's abduction is thoroughly investigated and that her abductors, as well as those who played or play any part in assisting them, are identified and brought to Justice.
2B.2 If the above objects are fulfilled then the objects of the Foundation shall be to pursue such purposes in similar cases arising in the United Kingdom, Portugal or elsewhere.

Well spotted. no doubt an innocent coincidence

[kizzy]

So who appointed the mccanns as directors.

Why did he use his works address - and not his own.




Gerry McCann became a director of Madeleine's Fund on 12/11/2008, 10 April 2009

 


Some points to note from this document:

1) This is the electronically filed document that originated from Madeleine's Fund: Leaving No Stone Unturned Limited.

2) Gerry McCann was appointed a director on 12/11/2008, yet, despite promising that Madeleine's Fund would be 'entirely transparent', this information was not made public until it appeared in the UK press on 17 May 2009 - following its submission to Companies House in April.

3) Instead of satisfying the Companies House requirement to state his 'usual residential address', Gerry has used his work address of Glenfield Hospital. Gerry's boss at Glenfield, Douglas Skehan, is also on the board of directors.

What we have here is a public hospital with Trust status - funded by tax payers - being used as the residential address of a director of a privately run business.

4) There is no authorising director listed, and no accompanying signature, so it remains unclear who approved Gerry McCanns' election to the board of a fund of which he, and his family, are direct beneficiaries.

5) What assurance is there that Gerry won't get involved in making financial decisions from which he and his family will benefit?