Titans 4 Tomorrow charity investigated by federal police

GCBRONCO

GCBRONCO

International Captain
Mar 4, 2008
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http://www.couriermail.com.au/news/...y-federal-police/story-fnihsrf2-1227493106601
FORMER Titans owner Michael Searle’s charity is being investigated by the Australian Federal Police, who have raided his offices.
The AFP raided Searle’s offices on behalf of the Department of Prime Minister and Cabinet, allegedly in relation to the Titans 4 Tomorrow program.
It is understood more than a dozen officers attended the raid yesterday morning, and their investigation is ongoing.


The AFP confirmed to The Courier-Mail they were involved in the raid, but directed inquiries to the Prime Minister’s office who are yet to formally respond.
Searle resigned as Titans chief executive last year and then lost his share in the club when it was placed in voluntary administration in February.
Searle clinched the Titans licence in 2005 and worked exceptionally hard to build the expansion club. However a series of poor decisions during the global financial crisis saw the club plunge into debt.


The Titans no longer have any connection to Searle or the Titans 4 Tomorrow charity, which is involved in indigenous welfare programs.
Former Titans star Preston Campbell is among a few ex-Titans footballers who are involved in the charity.
It is understood several staff members were made redundant early this year when the T4T program had its federal funding heavily reduced.
Searle is yet to respond to request for comment.
 
Jesus Christ Searle, I mean seriously.
 
Searle was always a dodgy guy so I'm not at all surprised. If the Titans take out the spoon that will really be the icing of a train wreck of a year.
 
http://www.couriermail.com.au/news/...e-titans-founder/story-fntwpug1-1227437472114

THE ATO has launched court action against Gold Coast *Titans founder Michael Searle, seeking almost $300,000 in *alleged unpaid taxes.
The legal claim, lodged this month in the Brisbane District Court, relates to one of the web of Titans-linked companies Searle controlled.
The millionaire accountant gained the NRL licence for the Gold Coast in 2005 after previous Glitter Strip national rugby league teams collapsed.


But he ran into financial strife over the Titans’ ill-fated $11 million Robina headquarters, known as the Centre of Excellence.
Searle lost his $3.2 million investment in the Titans when the NRL took over the cash-strapped club in February as it also battled the fallout from a cocaine scandal that embroiled star players. He resigned as a board member last August when foundation coach John Cartwright also quit after a dismal season.

Now Searle has suffered another blow, with the Australian Taxation Office suing him for $287,720.90.
The action relates to a company called JFW Investments, of which Searle was sole director.
The tax office alleges the company withheld tax liabilities between April 2011 and November 2012 but failed to pass the money on.
JWF was placed in liquidation in 2013.
From South Africa, Searle said he was unaware of the lawsuit and had asked his lawyer and JWF administrators to investigate.
 
Baahahaha Titans. What a joke.

Blame Searle, if the Titans had a top operator from day 1 and kept David May around they'd be in a much better place right now.
 

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