Madeleine McCann’s parents plough £500,000 into desperate search for their missing daughter
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Madeleine McCann’s parents plough £500,000 into desperate search for their missing daughter
Andrew Sat 11 Mar 2017, 9:47 pm
Andrew- Posts : 13074
Join date : 2014-08-29
Re: Madeleine McCann’s parents plough £500,000 into desperate search for their missing daughter
Andrew Sat 11 Mar 2017, 9:49 pm
Madeleine McCann’s parents plough £500,000 into desperate search for their missing daughter
Kate and Gerry hope returns from the schemes will boost the dwindling Find Madeleine Fund as the 10th anniversary of her disappearance approaches
BYPATRICK HILL
21:29, 11 MAR 2017
Madeleine McCann’s parents have put nearly £500,000 into a string of investments in a desperate bid to keep their search for her going.
Kate and Gerry hope returns from the schemes will boost the dwindling Find Madeleine Fund as the 10th anniversary of her disappearance approaches. They have declined to reveal what they have invested in.
A source said: “They are making best use of the fund’s remaining cash. It makes sense to make sure the money earns as much as possible.”
Companies House accounts show the Find Madeleine Fund – controlled by Kate, Gerry and four other directors had total assets at £714,000, taking into account the invested £490,839.
That’s down from the £763,722 held in cash in 2015.
It is understood the McCanns have raised a total of £3.7million in the past 10 years in the hunt for Madeleine, who would now be aged 13.
Most of the money has gone on private investigators and campaigns.
But the fund could now be wiped out as the couple, both doctors, face a reported £400,000 legal bill.
It comes after they lost a libel battle with ex-Portuguese police chief Goncalo Amaral over claims they faked their daughter’s abduction.
There are also fears he could counter-sue them. The McCanns’ lawyers have confirmed they will use money from the fund as they appeal the case.
Our source added: “Kate and Gerry’s lawyers in Portugal have lodged papers with the appeal court, so the prospect of paying anything out to Amaral is a long way off.
“But the 10th anniversary of Maddie’s disappearance is now just weeks away and things are already hard enough for them, without the extra hardship of having to worry about how they are going to carry on funding the search. It’s a really emotional time for them.”
The McCanns could also be forced to use money from the fund to pay private detectives if a Home Office grant for the Met Police investigation, is not renewed in August.
Operation Grange, which has cost more than £12million over six years, has already been massively scaled back.
Madeleine vanished from a holiday apartment in Praia da Luz, Portugal, in May 2007 as her parents dined at a tapas restaurant nearby.
It is believed she was abducted. Thousands of people donated money as a worldwide search got under way.
The source said: “Most of the public donations that came in came in the first year and Kate and Gerry remain incredibly grateful for every penny.
“But that was all spent on private investigators and campaigning in the first couple of years.
“All extraneous costs have been cut back to make sure they keep money available in the bank ready for the day should the police investigation stop completely.”
The McCanns, who live with their two other children Sean and Amelie in Rothley, Leicestershire, are convinced Maddie is still alive.
Kate and Gerry hope returns from the schemes will boost the dwindling Find Madeleine Fund as the 10th anniversary of her disappearance approaches
BYPATRICK HILL
21:29, 11 MAR 2017
Madeleine McCann’s parents have put nearly £500,000 into a string of investments in a desperate bid to keep their search for her going.
Kate and Gerry hope returns from the schemes will boost the dwindling Find Madeleine Fund as the 10th anniversary of her disappearance approaches. They have declined to reveal what they have invested in.
A source said: “They are making best use of the fund’s remaining cash. It makes sense to make sure the money earns as much as possible.”
Companies House accounts show the Find Madeleine Fund – controlled by Kate, Gerry and four other directors had total assets at £714,000, taking into account the invested £490,839.
That’s down from the £763,722 held in cash in 2015.
It is understood the McCanns have raised a total of £3.7million in the past 10 years in the hunt for Madeleine, who would now be aged 13.
Most of the money has gone on private investigators and campaigns.
But the fund could now be wiped out as the couple, both doctors, face a reported £400,000 legal bill.
It comes after they lost a libel battle with ex-Portuguese police chief Goncalo Amaral over claims they faked their daughter’s abduction.
There are also fears he could counter-sue them. The McCanns’ lawyers have confirmed they will use money from the fund as they appeal the case.
Our source added: “Kate and Gerry’s lawyers in Portugal have lodged papers with the appeal court, so the prospect of paying anything out to Amaral is a long way off.
“But the 10th anniversary of Maddie’s disappearance is now just weeks away and things are already hard enough for them, without the extra hardship of having to worry about how they are going to carry on funding the search. It’s a really emotional time for them.”
The McCanns could also be forced to use money from the fund to pay private detectives if a Home Office grant for the Met Police investigation, is not renewed in August.
Operation Grange, which has cost more than £12million over six years, has already been massively scaled back.
Madeleine vanished from a holiday apartment in Praia da Luz, Portugal, in May 2007 as her parents dined at a tapas restaurant nearby.
It is believed she was abducted. Thousands of people donated money as a worldwide search got under way.
The source said: “Most of the public donations that came in came in the first year and Kate and Gerry remain incredibly grateful for every penny.
“But that was all spent on private investigators and campaigning in the first couple of years.
“All extraneous costs have been cut back to make sure they keep money available in the bank ready for the day should the police investigation stop completely.”
The McCanns, who live with their two other children Sean and Amelie in Rothley, Leicestershire, are convinced Maddie is still alive.
Andrew- Posts : 13074
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Re: Madeleine McCann’s parents plough £500,000 into desperate search for their missing daughter
Andrew Sat 11 Mar 2017, 10:06 pm
Andrew- Posts : 13074
Join date : 2014-08-29
Re: Madeleine McCann’s parents plough £500,000 into desperate search for their missing daughter
Guest Sat 11 Mar 2017, 10:31 pm
Any connection with the "string of investments" and the resignation of the auditors?
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Re: Madeleine McCann’s parents plough £500,000 into desperate search for their missing daughter
Heisenburg Sat 11 Mar 2017, 10:34 pm
So there is cash available to pay the court costs.
Heisenburg- Posts : 1876
Join date : 2016-01-11
Re: Madeleine McCann’s parents plough £500,000 into desperate search for their missing daughter
Dee Coy Sat 11 Mar 2017, 10:59 pm
Says they are appealing. To whom? The Supreme Court was the final appeal. ECOHR won't entertain them.
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Dee Coy- Posts : 2317
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Re: Madeleine McCann’s parents plough £500,000 into desperate search for their missing daughter
Andrew Sat 11 Mar 2017, 11:05 pm
http://www.dailymail.co.uk/news/article-4305014/McCanns-given-85-000-boost-fund-Madeleine-search.html
McCanns are given £85,000 boost to fund Madeleine search for another six months as police reveal they are closing in on her kidnapper
Kate and Gerry McCann are 'very grateful' for the support by Scotland Yard
The couple face the agonising milestone 10th anniversary of her abduction
Metropolitan Police confirmed the Home Office had approved the extra funding
[i]And now, a financial year on, her predecessor Home Secretary Amber Rudd has approved an extra £85,000 till early October – a noticeable £10,000 less after this week's Budget woes.[/i]
McCanns are given £85,000 boost to fund Madeleine search for another six months as police reveal they are closing in on her kidnapper
Kate and Gerry McCann are 'very grateful' for the support by Scotland Yard
The couple face the agonising milestone 10th anniversary of her abduction
Metropolitan Police confirmed the Home Office had approved the extra funding
[i]And now, a financial year on, her predecessor Home Secretary Amber Rudd has approved an extra £85,000 till early October – a noticeable £10,000 less after this week's Budget woes.[/i]
Andrew- Posts : 13074
Join date : 2014-08-29
Re: Madeleine McCann’s parents plough £500,000 into desperate search for their missing daughter
Heisenburg Sat 11 Mar 2017, 11:09 pm
Andrew wrote:http://www.dailymail.co.uk/news/article-4305014/McCanns-given-85-000-boost-fund-Madeleine-search.html
McCanns are given £85,000 boost to fund Madeleine search for another six months as police reveal they are closing in on her kidnapper
Kate and Gerry McCann are 'very grateful' for the support by Scotland Yard
The couple face the agonising milestone 10th anniversary of her abduction
Metropolitan Police confirmed the Home Office had approved the extra funding
[i]And now, a financial year on, her predecessor Home Secretary Amber Rudd has approved an extra £85,000 till early October – a noticeable £10,000 less after this week's Budget woes.[/i]
Form the link.There you have it,no comment,it ties in with the tale of 500 grand, OG aren't telling any one diddly squat.
But he refused to say if they were now trying to quiz one final Portuguese suspect, simply saying: 'We are cracking on. The Operation Grange team are not prepared to discuss any lines of inquiry while the investigation is ongoing.'
Heisenburg- Posts : 1876
Join date : 2016-01-11
Re: Madeleine McCann’s parents plough £500,000 into desperate search for their missing daughter
unreorganised Sat 11 Mar 2017, 11:27 pm
If they've put it into Bitcoin they could well end up King and Queen of The World.
unreorganised- Posts : 2057
Join date : 2016-06-16
Re: Madeleine McCann’s parents plough £500,000 into desperate search for their missing daughter
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