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| Quote Orrell Lad="Orrell Lad"It's not the stock market, their money was held by Kaupthing which is an investment bank that collapsed in October. They will probably get some, if not all of their money back. Depends on how quickly the administrators can recover it and who they decide to reimburse first.'"
I am not sure whether they will get it all back, I am a director of a local charity and I had asked for guidance from the charity commission the other week about assets as I was informed that we would only recover 50k, I was contemplating opening other accounts to place monies elsewhere.
I think what I read in the initial press release from MEN was that they wasn't going to get it back.
I will see if I can find the link again
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| Quote Looby Loony Lou="Looby Loony Lou"I think you probably heard in the news about the Icelandic Bank Crash resulting in Christies losing 6.9million, the compensation scheme has failed to pay out that amount and the MEN has launched an online government petition to try to make the government to act.
Full Details here [urlhttp://petitions.number10.gov.uk/TheChristie/[/url'"
you'd do well to get a facebook group going
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| I have done actually, if I post the link will you all send to your friends on facebook.
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| Quote Looby Loony Lou="Looby Loony Lou"www.facebook.com/home.php#/group.php?gid=77260775870[url[/url'"
link doesnt open 
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| Oh did the first link actually work, it was sending me back to my home page lol
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| try the new one I just edited
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International Chairman | 383 | Hunslet Hawks |
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| Signed, sorted, Done
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| Quote Looby Loony Lou="Looby Loony Lou"try the new one I just edited'"
done and done.... i sent to everyone on my facebook, but the problem is that you can only sign the petition if you are a resident in the uk or a british territory. most of the people i have on facebook are in spain, catalonia or other non-british places.
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Moderator | 21013 | Wigan Warriors |
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| Quote Looby Loony Lou="Looby Loony Lou"I am not sure whether they will get it all back, I am a director of a local charity and I had asked for guidance from the charity commission the other week about assets as I was informed that we would only recover 50k, I was contemplating opening other accounts to place monies elsewhere.'"
Sounds about right - this is the limit of liability on the FSCS:
[iMost types of investment business are covered for 100 per cent of the first £30,000 and 90 per cent of the next £20,000 so maximum compensation is £48,000.[/i
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| Quote leg_end="leg_end"Has anyone else seen that Whelan has bought the gym side of the JJB empire back, and he thanks local MP Neil Turner for helping to "fast track" the early release of his £40million assets from the Icelandic bank Kaupthing? How is it he can get £40 million fast tracked but charities such as Christies have to wait? I know he says that the fast tracking helped him to keep JJB going and keep jobs but it still seems a bit unfair.
The story is on the Wigan Today website by the way.'"
I am absolutely astounded by this, have just read the article. Maybe we need to lobby our MP's about Christies money
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