- Jun 24, 2013
- 3,400
- 2,345
That JG response was to a query I put to them.
They have also said that they pay the money donated (minus their commission) into whatever account is nominated by the person setting up the plea for donations, so this money will not be paid into the official club account (and thus go to the Administrator*) and will also not be paid direct to the creditors (JG has no knowledge of there being creditors needing to be paid off because there is nothing about that mentioned). It is therefore probably going into an individual's bank account.
I have seen it referred to somewhere as "legalised money-laundering". Which is possibly a bit exaggerated, but you can see where the dangers of that can occur.
I doubt very much whether they will check where the money goes once it is paid out - they will be relying on members of the public to keep an eye on whether their donations have been used for the purpose described. There have been a couple of recent criminal cases involving misuse of JG to raise funds fraudulently, but I don't think these were alerted by JG but by donors or potential donors.
*Any money going to the Administrator would not be paid out until a formal deal was concluded with the creditors, and then the Adminstrator takes his fee and shares the rest out to the creditors. He cannot choose to use a sudden influx of money to pay off certain people in advance of a proper deal.
They have also said that they pay the money donated (minus their commission) into whatever account is nominated by the person setting up the plea for donations, so this money will not be paid into the official club account (and thus go to the Administrator*) and will also not be paid direct to the creditors (JG has no knowledge of there being creditors needing to be paid off because there is nothing about that mentioned). It is therefore probably going into an individual's bank account.
I have seen it referred to somewhere as "legalised money-laundering". Which is possibly a bit exaggerated, but you can see where the dangers of that can occur.
I doubt very much whether they will check where the money goes once it is paid out - they will be relying on members of the public to keep an eye on whether their donations have been used for the purpose described. There have been a couple of recent criminal cases involving misuse of JG to raise funds fraudulently, but I don't think these were alerted by JG but by donors or potential donors.
*Any money going to the Administrator would not be paid out until a formal deal was concluded with the creditors, and then the Adminstrator takes his fee and shares the rest out to the creditors. He cannot choose to use a sudden influx of money to pay off certain people in advance of a proper deal.