Follow the money. £500k teaser

1406

I’ve been sent a brain teaser.  What legal reasons would someone have to discretely pay another individual £500k?  The people are not currently in business together, although the recipient previously worked for the sender.  No goods have been provided.

It’s a puzzle.

Looking for legal reasons only, no crazy illegal notions or wild speculation about real persons, this is purely a theoretical exercise.

Apparently I’m being sent a moral dilemma tomorrow: Will the recipient, with off-shore accounts but living in interesting times, declare the £500k?

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  1. northbhoy ... \o/ on

    macjay1

     

     

    Glad for you and I understand that every community has its own blights and faults, I hope that if the particular group who need to march in triumphalism, not celebration, but triumphalism for half of the year learn that we are truly people with similar needs, fears and courage then we might begin to realise our own great and varied potential.

     

     

    HH

  2. If any Bhoys are stopping at harthill services

     

    On the m8 on the way to or from paradise today

     

    There are vanessa appeal collection boxes at the

     

    Counter HH

     

    “come on you Bhoys in green “

  3. Ally ( this is my club … we don’t do paying taxes ) McCoist says he hasn’t spoken to Whyte since the club went into administration but the guardian.co.uk, Wed 15 Feb has him say:

     

    I’ve spoken to Craig, to the staff and to the players and we all agree that we must do our best to take the club forward.

     

    He seems to have problems with his relationship with Whyte: The Scotsman of 17/2/12 reports :Asked if he trusts owner Whyte, McCoist replied: “Absolutely.

     

    Now it seems he doesn’t and wants answers.

  4. macjay1 for Neil Lennon on

    northbhoy … \o/ says:

     

    25 February, 2012 at 07:53

     

     

    I love you sense of inclusion, in spite of the past.

     

    That`s us.

  5. Speaking of tickets for Hector’s hoose;

     

     

    I hope they don’t owe the ticket printers money! I wouldn’t be surprised you know….

  6. Trossary Bhoy stands up for Neil Lennon on

    Kitalba

     

     

    Excellent video clip!!

     

     

    I take it that was Clough at the beginning?

     

     

    Hail Hail

     

    TBhoy

  7. Tom McLaughlin says:

     

    25 February, 2012 at 07:11

     

     

    ”Foulson turned towards me and looked me straight in the eye and said, “You know what my problem is son? I hate Jacobites.”

     

     

    ###

     

     

     

    There is a shaft of truth in that remark, a bit of insight into a mindset and a culture.

     

     

    And you could make a case for it, at least in some respects. The Jacobites were on one view a reactionary political force, wishing to retain a feudalistic political order, allied to Catholicism an autocratic, centralised religion.

     

     

    Contast that with a view that regards Hanoverianism and Protestantism as progressive,democratic and decentralised.

     

     

    Those were the views that held sway in the 17th and 18th centuries when the fabric of the Scottish nation was being woven.

     

     

    ‘To see ourselves as others see us’.

  8. The Battered Bunnet on

    Morning All,

     

     

    Weekend is pretty well planned at this end, I’d say.

     

     

    The Boy’s rugby opens the programme this morning.

     

     

    Then onto the Gazebo for a catch up and the Motherwell match at Celtic Park.

     

     

    Sunday morning opens with the Boy’s football.

     

     

    Followed by the Scotland- France game on the TV.

     

     

    Not a bad plan all in all. Mibbee manage to catch the fine Hoppy aroma of a sneaky wee Czech lager at some point too.

  9. The Battered Bunnet on

    Hey Tom,

     

     

    Pleased to see you posting away furiously – the rate of posting rather than the posts.

     

     

    Trusting you’re well.

     

     

    TBB

  10. See comical all is distraught at the thought the 16 arsenal shares have been sold.

     

     

    Aye ally that would be my greatest concern as well.

     

     

    Boaby.

  11. Morning Bhoys,

     

     

    Looks like a very busy night-shift on CQN. Im at work and don’t have time to read back. Trust we all had fun.

     

     

    So many questions.

     

     

    Who was Paul alluding to?

     

     

    Are the Huns dead yet?

     

     

    Is Hamiltontim happy?

  12. Olson simply is a fudamentalist and doesn’t answers know his history , Scottish Episcopalians provided a significant proportion

     

     provided of the Jacobite forces.

     

     

    I worked in a school, non-denominational, about ten years ago which was merging with another school from a less desirable poorer area. I overheard a member of staff bemoaning this only to get the reply from one of the school

     

    ‘s management team “It could be worse it could be Catholics”

  13. Partizan says:

     

    25 February, 2012 at 08:24

     

     

    Ok hands up it was me, for services rendered in the financial takeover to a certain toothy gentlemen in his attempt to buy an institution,

     

    ive decided to come clean and hand it all back, ill donate to the saveataxdodger site today.

     

     

    apologies

  14. I see their head of security-I bet he’s a busy boy-is disappointed that the SPL are investigating them for offensive singing.

     

     

    He’s peddling the lie that it was people that haven’t been to Ibrokes for a while and that they have made great strides in eradicating this behaviour.

     

     

    No they haven’t.

     

     

    They all keep saying it but I hear it at everyone of their matches. If they keep saying it they think we’ll be taken in. Last Saturday the bigots were out in force once again, not a minority, not Chelsea fans, Rangers fans who wanted to postpone time and reality and indulge in the triumphalism one last time!

  15. I wonder if Paul is alluding to the President of the SFA who was certainly around the Southside with Minty when the dEBT was growing.

  16. Tom,

     

    I usually enjoy your posts, but could not help wondering this morning what sort of karmic plane one would have to have achieved to be deemed, “fit to be a Rangers supporter”.

     

     

    Hail Hail!

  17. ernie lynch –

     

     

    He meant Catholics.

     

     

    The Battered Bunnet –

     

     

    Thanks. I am feeling reasonably well. Some days are better than others, but keeping my spirits up.

     

     

    :-)

  18. northbhoy ... \o/ on

    Yea where is the £500k teaser puzzle, is it in one of the rags or will there be further clues to-day………………..we should be told.

     

     

    Enjoy the day !

     

     

    Hail Hail

  19. Top of the morning to you all from a bright spring-like morning in Fife.

     

     

    Good day for the game, which should be very entertaining.

     

     

    I think I have got the answer to the £500k teaser.

     

     

    The money was a gift to a football boss of an obscure football club in the English amateur leagues to secure the future services of a footballing protégé currently coming through the ranks and tipped to be the next Wayne Rooney/Robert Fleck.

     

     

    For a kid with such a future the payment of such a gift (See Redknapp-Mandaric) is perfectly legal and understandable given that in a few years time this kid could drag an ailing Scottish club out of the depths of the Third Division.

     

     

     

    That’s the only legal reason I can think of off course there are many illegal reasons such as bribery and corruption of officials in the SFA etc but we know that such things don’t happen in Scotland.

  20. Looking forward to the visit of our biggest challengers today. I think Hooper, Stokes and Forrest will take them apart after we subdue their early kicking spree.

  21. midfield maestro on

    Tom McL 05.00

     

    Radio Snyde told a Murderwell fan the other night, that the 2 Scottish teams that qualify for CL, have 3 qualifiers to play. Would not trust them mind you.

  22. From the Herald:

     

     

    Whyte lawyers in £9m fight

     

     

    Published on 25 February 2012

     

     

    Martin Williams

     

     

    ADMINISTRATORS seeking cash to keep Rangers alive are concerned they cannot gain access to £9.4 million in funds because they feel Craig Whyte’s solicitors are not co-operating.

     

     

    The club’s administrators have also warned they could resort to legal action if there continues to be a lack of transparency over the client account used to facilitate Whyte’s takeover.

     

     

    Administrators Duff and Phelps have been demanding answers after Whyte finally admitted he sold three years of future season tickets to Ticketus to raise the funds to secure the deal to buy Rangers. Whyte had previously said he had funded the deal.

     

     

    The threat of legal action against Whyte’s lawyers came as Rangers director Andrew Ellis claimed he had been “duped” over how Whyte came up with the £24.4m he needed to complete the deal to buy Rangers from Sir David Murray.

     

     

    Sir David met Rangers administrators in Edinburgh yesterday as they continue to try to unravel how the club became insolvent. A spokesman for Murray International Holdings (MIH) said they had “absolutely no knowledge of the Ticketus arrangements until very recently”.

     

     

    A source close to Duff and Phelps, who admit finding income to keep the club going is “a challenge”, said Whyte’s lawyers were “fighting like terriers” over the funds.

     

     

    The administrators are working on the assumption that, as Mr Whyte used £18m of the season-ticket cash to pay the Scottish champions’ debt to Lloyds Banking Group, there should be £6.4m more available to the club.

     

     

    There is also understood to be a further £3m deposited in the account with the lawyers, Collyer Bristow, as part of the purchase deal.

     

     

    It is understood the Collyer Bristow account was used by Whyte to show Sir David he had the working capital to take the Ibrox club forward.

     

     

    The source said: “They [Collyer Bristow] are fighting like terriers and have quite a lot of questions to answer. Let’s put it this way, they are not being the most helpful.

     

     

    “We are trying to find out exactly how much is in the client account.

     

     

    “In theory it should be around £9m and the administrators are working on the premise the money is there.

     

     

    “If they are not forthcoming with the information we require then there will be no issue but to look into legal action.

     

     

    “We have to work out where the hell the money is, where the hell the income is and try to clear up who the creditors are, who is owed money and who has got money.”

     

     

    Another source close to the administrators said: “The process is like trying to pin down jelly.”

     

     

    Supporters angry about the financial state of the club have inundated the Solicitors’ Regulation Authority with complaints about the conduct of Collyer Bristow and Gary Withey, a solicitor with the firm and the club’s company secretary. Mr Withey was named as one of The Lawyer magazine’s Hot 100 Lawyers for 2010.

     

     

    Last weekend Collyer Bristow was revealed as the source of “new information” which is said to have led to “some visibility” of the Ticketus deal. But that was before Whyte admitted using the season tickets to pay off the debt.

     

     

    Paul Newhall, of Collyer Bristow, said yesterday: “I can say that we are categorically co-operating in full with the requests that have been made by the administrators. That has been our stance from the beginning and continues to be so and we are in close contact with them. That’s really all we can say at this point.”

     

     

    Asked if the firm would be sharing with the administrators how much was in the client account, he said: “I cannot go into specific detail with you.”

     

     

    The new twist came as police said they were still examining information provided by the administrators relating to the takeover of the club and its running by Whyte. A decision will then be made on whether to launch a formal criminal investigation.

     

     

    In other developments yesterday, former club director Paul Murray met administrators to discuss his “Blue Knights” initiative to take control of the club.

     

     

    The saverangers.com campaign launched by the side’s three main supporters’ groups said they had managed to receive nearly £9m in pledges in less than 48 hours, and dismissed fears many of the pledges were not genuine.

  23. HECTOR - Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. Eating Jelly & Ice Cream. on

    Kit@7:02

     

     

    Superb video.

     

     

    It’s a strange thing this waking up happy only to become dileriously happy within seconds.

     

     

    MWD

  24. HECTOR - Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. Eating Jelly & Ice Cream. on

    SFTB

     

     

    What did you do to upset The Swinging Detective?

     

     

    I know what I did. But what did you do?

     

     

    Must have been bad if you are being lumped in with me in ole Scroato’s shadow posting.

     

     

    MWD :-) loves and craves the attention

  25. midfield maestro –

     

     

    Have a look at THIS.

     

     

    Scotland are ranked 15.

     

     

    Third qualifying round:

     

     

    3 champions from associations 13–15 . . . Celtic

     

     

    9 runners-up from associations 7–15 . . . Motherwell

     

     

    What would Radio Clyde know?

     

     

    :-)

  26. I know about the 500,000.

     

    Unlike my socks, it will all come out in the wash.

     

    Amadeus is a little bleary after, stupidly, allowing BBC types into Amadeus Towers.

     

    Never, ever again. Heard all sorts re the huns, but can recall very little of substance.

     

    Going to the game, hoping that the GB keep it down a bit. Some of us have headaches and a sepulchral awe would suit more.

  27. Given their connection to Whyte pre administration, is it possible that Duff & Phelps have already been paid in advance (directly and/or indirectly) and part of their (under the radar pre-agreed) remit is to string administration out for as long as possible or until a certain eventuality e.g. The Big Tax Case result. Is this trading while insolvent? What, if any, are the legal implications/obligations?

     

     

    Chris

  28. Tom McLaughlin says:

     

    25 February, 2012 at 08:35

     

    ‘ernie lynch –

     

     

    He meant Catholics.’

     

     

     

    I had kind of gathered that.

     

     

    But his euphemistic code wasn’t entirely random. They (the educated bigot) rationalise and justify their dislike of Catholics by following that line of argument. Donald Findlay is a classic example.

  29. Good morning friends and welcome to page 23 (points ahead after today) from a damp and grey but still joyous East Kilbride.

     

     

    Jobo

  30. Tom McLaughlin says:

     

    25 February, 2012 at 08:57

     

     

    I say bring back straight knock out European football, reckon we could take on anyone and have a fighting chance of going through!

     

     

    Vaultbhoy

  31. The Honest Mistake loves being first on

    midfield maestro says:

     

    25 February, 2012 at 08:41

     

    Tom McL 05.00

     

    Radio Snyde told a Murderwell fan the other night, that the 2 Scottish teams that qualify for CL, have 3 qualifiers to play. Would not trust them mind you.

     

     

    Unless it’s changed in the past month both Scottish teams come in at qualifying round 3, if successful they play in the play off round and then it’s the group stages.

     

    Do snyde view the group stages as a qualifying round?

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