Where's the McCann Money Gone?

One thing that has always interested me  about team McCann is  the Madeleine Fund and how it's being spent.

Some of it has gone to the   Spanish private investigators Metodo 3.  They have made the most extravagant and  unbelievable claims.  Just after they were appointed they told the world they knew where the kid was being held. Then, just before Christmas, they confirmed that within days the Madeleine would be returned to her parents. These nonsensical claims were supported by the McCann's spokesman, Clarence Mitchell. Anyone who wants to listen to this man's drivel try the interview with a sympathetic reporter from Sky last year.
The real problem for the McCann's is that  they cannot see, what anyone with a quarter of a brain knows, that Madeleine is dead. She probably died on May 3rd last year. But  they are quite happy to listen to Metodo 3's garbage, provided it reinforces this belief.

I wonder just how much of the 1.2 million quid in the fund is now left.

Metodo 3 are  depleting it at the rate of £50,000.00 per month.  They have a six month contract. Amazing, for what they have done. But what have the directors of the fund been doing? Certainly not keeping an eye on the investigators.

On the 9th January 2008,  two of the existing directors of the Board of Madeleine’s  Fund- Leaving No Stone Unturned,  resigned.

‘There was a scheduled board meeting of Madeleine’s Fund today. We have reached a new longer- term phase in the search for Madeleine and we have reviewed how effective our Fund has been in pursuing its objectives. We agreed to continue our funding of the investigation to find Madeleine and we have decided to look at further media opportunities to support our search. To that end, we have invited two new directors to replace the two who stepped down, for business and personal reasons, We, together with Kate and Gerry McCann, extend our thanks to Esther and Phillip for their hard work and continuing support. We welcome Edward Smethurst and Jon Corner to the board to lend their expertise in commercial law and media.”

The Edward Smethurst cannot be the same Edward Smethurst,  a director of the Latium Group of Companies who, according this,

..."have been managing, organising and supporting the legal defence of the McCanns on a pro bono basis."

And Jon Corner cannot be the same Jon Corner who helped the wretched Richard Bilton make the Panorama Madeleine film - see transcript here and described here as " family friend". But in reality an independent film producer and the Managing director of River Media Ltd. and Godfather to the McCann children.
There's even talk of a book or film. According to Mitchell in the Daily Express the Madeleine Fund is in need of cash.

“We need money to search for Madeleine and that is the most important thing. Nothing has been decided yet. A film would be made on a percentage basis, with part of the profits going to the fund. None of the money would go to Kate and Gerry. They are not trying in any way to profit out of her name’’

It's about time the punters, who contributed so generously to the fund, are shown just how their money has been frittered away  spent!

Comments

[Clarence of Arabia]

Clarrie has set up his own blog!!!

http://www.clarenceofarabia.blogspot.com/

[em]

have you seen this!!!

http://www.parliamentlive.tv/Main/VideoPlayer.aspx?meetingId=3631&rel=ok

transcript
http://www.publications.parliament.uk/pa/cm200809/cmselect/cmcumeds/uc275-iii/uc27501.htm

[Jim]

I think that the McCanns financial circumstances prior to Madeleine going missing should be investigated. It is my belief that this 'abduction' has been nothing more than a huge hoax to scam money out of the public. There is no evidence of an abduction taking place. The McCanns know where Madeleine is.

[Ellie44]

Ive been thinking. Is it true that the McCanns tried to give custody of Maddie to a relative before they went on holiday? Were they short of dosh? Did they do a Sharon Matthews? Has it all been a scam for dosh? Is this why they show no emotion? Is this why they set up the Fund and are always going on about raising dosh? Why are Kate and Gerry now on the board of the Fund? What has the Fund spent nealry 2 million on? Do they know where Maddie is? Have we all been fooled? Yes I think the answer is YES - we've been had!