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Peter McVerry Trust has 'financial issues'.

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Comments

  • Registered Users, Registered Users 2 Posts: 8,369 ✭✭✭Patser


    While I don't think Peter McVerry should be in any way exempt from criticism - his name is on the door as they say. I think to focus all this on his shoulders, allows others more culpable to sneak on away.

    Look at Pat Doyle, he was chief executive for 18 Years! 18! And things only begin to unravel when he walks away and a new Chief arrives in, and reports the mess that's been left.

    Pat Doyle is the man who brings in his friend from a sports club to run transport PmcVT, which he contracts to himselfand then sells up his house to become tenant to PMcVT

    https://www.rte.ie/news/primetime/2024/0611/1454193-mcverry-contract-tender/

    Pat Doyle who tried to get the Trust to buy a €400k house for another friend

    https://www.rte.ie/news/primetime/2024/0621/1455855-400k-spent-on-home-for-use-by-family-of-friend-of-ex-mcverry-ceo/

    And Pat Doyle who authorised the Trust to give €350k to a 3rd Party company he was also director of but didn't mention....but that's ok because they gave it back when it was spotlighted in media

    https://www.irishtimes.com/ireland/housing-planning/2024/10/19/what-went-wrong-at-the-peter-mcverry-trust/

    But he's resigned and retired now, and doesn't really have to answer any of the questions. He's Dee Forbesed it.



  • Registered Users, Registered Users 2, Paid Member Posts: 38,121 ✭✭✭✭Hotblack Desiato


    It shouldn't be possible for one bad actor to do things like that and get away with it for so long, this is exactly why corporate governance laws exist.

    I'm partial to your abracadabra,

    I'm raptured by the joy of it all.



  • Registered Users, Registered Users 2 Posts: 2,334 ✭✭✭Sheep breeder


    He seems to be the one that’s being blamed here and in fact the ceo had more hands on running the money over the 50k and who got contracts with out tenders in the report, and also a board member’s family seemed to benefit from the report.



  • Registered Users, Registered Users 2, Paid Member Posts: 38,121 ✭✭✭✭Hotblack Desiato


    You're not getting it. The CEO is in charge of operations but the company secretary is in charge of oversight. That includes oversight of what the CEO is doing.

    I'm partial to your abracadabra,

    I'm raptured by the joy of it all.



  • Registered Users, Registered Users 2, Paid Member Posts: 9,569 ✭✭✭blackwhite


    It is the role of the directors and the secretary to oversee the CEO (and the rest of management) and to ensure there are controls in place to ensure the CEO or other management can’t abuse their position



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  • Registered Users, Registered Users 2 Posts: 8,369 ✭✭✭Patser


    Absolutely, that's why the board were able to send a letter to the new CEO Francis Doherty, who had replaced Pat Doyle, telling him to not talk to Regulators again, without their permission - after he had within months raised the alarm about the Trust's finances; and which then made him feel uanble to continue in his role and quit. Pretty much the only time in all the reporting that the Board seems to have stepped in as regards any CEO.

    https://www.rte.ie/news/primetime/2024/0613/1454644-ex-ceo-says-mcverry-trust-board-restricted-contact-with-regulator/



  • Registered Users, Registered Users 2 Posts: 8,949 ✭✭✭Markcheese


    The buck stops with the board - they can claim that they were hoodwinked and mislead by an employee , but for that they'd have to drop him in it , they don't seem keen on telling all ,

    I suppose They could also claim ignorance and incompetence, , but they'd probably have to stand down , and possibly other sanctions,

    What the secretary in particular shouldn't get to do is claim " I"m a poor old priest ,who's taken a vow of poverty ,how would I know anything about this " while the rest of the bord members shelter conveniently behind him ,

    There is a €15 million hole in the charities books , and a lot of seemingly dodgy dealings

    Slava ukraini 🇺🇦



  • Registered Users, Registered Users 2 Posts: 2,121 ✭✭✭TokTik


    He signed deeds to a house that wasn’t owned by his organisation. That is fraud.



  • Registered Users, Registered Users 2 Posts: 8,949 ✭✭✭Markcheese


    Does there need to be intent for fraud ?

    As opposed to being inept ,

    Although covering for a friend and former colleague who's ripped off your charity to the tune of 15million , ( well that the hole in the books - what's missing , so that doesn't include properties that were rented out to people they shouldn't have been- but still owned by the charity-that'd be accounted for , , any one contracted in odd circumstances, that's accounted for ,

    Any services procured without proper procedures - that'd be accounted for ,

    actually all the things discussed previously - they might be improper but they wouldn't amount to a hole in the books- that'd be 15 million that's not there that should be - missing . . gone ..

    Slava ukraini 🇺🇦



  • Registered Users, Registered Users 2 Posts: 2,334 ✭✭✭Sheep breeder


    My point is that father Pat had a free hand for 18 years and it seems he looked after the money and some of his friends also, this all seemed to come out when the new CEO started digging into the finances as the report is showing this, the gravy train had run along for 18 years and all was happy to play along board and all, don’t get me wrong but Peter is not blameless as well



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  • Registered Users, Registered Users 2 Posts: 31,299 ✭✭✭✭blanch152


    https://www.rte.ie/news/2025/0205/1494844-peter-mcverry-trust/

    "The founder of the Peter McVerry Trust has stepped down from his role as company secretary of the charity."

    I would say he stepped down before he was forced down. Given the shenanigans that went on, there is a good chance he would be disqualified from being a secretary.



  • Registered Users, Registered Users 2 Posts: 8,369 ✭✭✭Patser


    He's staying on the board though.



  • Registered Users, Registered Users 2, Paid Member Posts: 17,420 ✭✭✭✭elperello


    Stepping down as Company Secretary is probably for the best.

    Replacing him with a suitably qualified person is a good move.

    Staying on the Board is a sign that he is not walking away from responsibility.

    Having said that I'm not sure that it's best for either him personally or the Trust.



  • Registered Users, Registered Users 2 Posts: 31,299 ✭✭✭✭blanch152


    https://www.independent.ie/irish-news/crime/criminal-threshold-assessment-being-carried-out-into-peter-mcverry-trust/a1291255366.html

    "Senior gardaí are carrying out an assessment into alleged failings in governance and financial management by the Peter McVerry Trust (PMVT)."

    "The assessment is examining potential alleged breaches of company law by the trust."

    Not the least bit surprised by this. The former CEO and Peter McVerry himself will be the responsible officers as CEO and Company Secretary.



  • Registered Users, Registered Users 2 Posts: 5,805 ✭✭✭standardg60


    He was on Newstalk last week and brazen would be my best description of his response to his stepping down. Basically said they were advised it was normal practice to rotate the role of secretary and it was nothing to do with the controversy surrounding the charity.

    We'll see.



  • Registered Users, Registered Users 2 Posts: 5,805 ✭✭✭standardg60




  • Registered Users, Registered Users 2, Paid Member Posts: 9,569 ✭✭✭blackwhite


    Father Peter McVerry held his position as board secretary since 1983

    Claiming that resigning after 42 years in the role is "normal practice" of rotating the role is disingenuous in the extreme.



  • Registered Users, Registered Users 2, Paid Member Posts: 38,121 ✭✭✭✭Hotblack Desiato


    NT article also said

    Fr McVerry has not been directly involved in the running of the charity for many years.

    “So, to say that I have been secretary for 40 years suggests that I’ve been secretary of this large organisation with about a €50 million budget for the last 40 years – totally untrue.”

    Well company secretary is one of the most important roles in any company and has specific legal responsibilities, so what was actually going on here? If he was not directly involved, who was, and why was McVerry still nominally the secretary?

    I'm partial to your abracadabra,

    I'm raptured by the joy of it all.



  • Registered Users, Registered Users 2 Posts: 5,076 ✭✭✭griffin100


    He’s doing that Jesuit thing of dancing on the head of a pin.

    He was Company Secretary, therefore he was deemed to be a Trustee of the charity*. Consequently he has personal responsibilities and associated personal liability.

    *they only changed the rules in the last few weeks so that CoSec’s of charities are no longer deemed to be trustees.



  • Registered Users, Registered Users 2, Paid Member Posts: 9,569 ✭✭✭blackwhite


    The arrogance on display when he tries to dismiss anyone who dares question the p*ss-poor governance is pretty shocking TBH



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  • Registered Users, Registered Users 2, Paid Member Posts: 38,121 ✭✭✭✭Hotblack Desiato


    As we're seeing in other current news, arrogance and disdain for the "little people" who might question them are traits the Jesuits have in spades.

    I'm partial to your abracadabra,

    I'm raptured by the joy of it all.



  • Registered Users, Registered Users 2, Paid Member Posts: 9,569 ✭✭✭blackwhite


    More revelations again being reported


    image.png

    Soliciting donations to purchase properties that they already owned.


    There’s a word for that, and it begins with Fr…



  • Registered Users, Registered Users 2 Posts: 31,299 ✭✭✭✭blanch152


    Don't forget, the longest serving Director and Company Secretary was both blissfully ignorant and innocent of all those shennanigans.



  • Registered Users, Registered Users 2 Posts: 7,933 ✭✭✭CH3OH


    He is leaving the board to a new role

    Fr Peter McVerry to step down from Board of Trust, as former HSE director general named as Chair https://jrnl.ie/6691203

    1000024631.jpg


  • Registered Users, Registered Users 2 Posts: 2,121 ✭✭✭TokTik


    How has he not been arrested yet??



  • Registered Users, Registered Users 2, Paid Member Posts: 27,791 ✭✭✭✭Peregrinus


    For what?



  • Registered Users, Registered Users 2, Paid Member Posts: 9,569 ✭✭✭blackwhite


    I'm more than a bit surprised that he, as CoSec, together with his fellow directors haven't been subject to an ODCE investigation - but I haven't seen anything to date that suggests criminal wrongdoing by Fr. McVerry or any of the other directors.



  • Registered Users, Registered Users 2, Paid Member Posts: 38,121 ✭✭✭✭Hotblack Desiato


    We won't know if they are under investigation unless charges are brought.

    Meanwhile, PMVT is back in the news for the wrong reasons

    https://www.irishtimes.com/ireland/housing-planning/2025/05/27/dublin-hotel-bought-for-624m-by-mcverry-trust-vacant-since-2022/

    A Georgian hotel in central Dublin earmarked for homeless services has lain dormant for more than three years after the Peter McVerry Trust (PMVT) acquired it for €6.24 million with public money.

    The fate of the former Latchford’s hotel on Baggot Street remains uncertain after prolonged PMVT turmoil over lax governance and financial controls.

    I'm partial to your abracadabra,

    I'm raptured by the joy of it all.



  • Registered Users, Registered Users 2, Paid Member Posts: 38,121 ✭✭✭✭Hotblack Desiato


    The farce continues.

    https://www.irishtimes.com/politics/oireachtas/2025/06/19/watchdog-may-compel-peter-mcverry-trust-to-come-before-it-amid-growing-anger-over-finances/

    The Dáil’s most powerful public spending watchdog will consider compelling the Peter McVerry Trust (PMVT) to appear before it to answer questions about its €15 million State bailout.

    At a meeting in public session on Thursday morning, a number of cross-party TDs expressed anger at the PMVT for refusing to answer questions about its financial troubles. It came after serious governance failings by the trust came to light in investigations by two State regulators.

    In early 2024, it told the PAC it could not appear before it due to ongoing investigations.

    In a letter to the PAC this week, the trust again refused to make itself available for public questioning, claiming it was not in a position to attend “at this time”.

    “There’s a real level of dissatisfaction and anger here by members, and I include myself in that,” Mr Brady said.

    I'm partial to your abracadabra,

    I'm raptured by the joy of it all.



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  • Registered Users, Registered Users 2 Posts: 23,813 ✭✭✭✭mickdw


    There is a tried and tested method of moving forward with these issues.

    Hold off the questioning for as long as possible, then have the critical people get sick for extended periods, sacrifice a few low grade board members, turn up with a full quota of new people to the committee where the tds can bluff and bluster and the board members can say it was before my time but procedures are now in place with lessons having been learned.

    The TDS tell them it cannot happen again.

    The tax payer writes a big cheque.



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