If the WTS closed shop, who'd get the money?

by PopeOfEruke 23 Replies latest watchtower bible

  • rebel8
    rebel8

    When I formed my nonprofit org (also in NY), I had to stipulate in my by-laws who would get any leftover assets if I dissolved my org. It is not that the public is entitled to the assets, but that another nonprofit is designated to get them. For the wts, that could mean a kh, or the Red Cross (ha ha), or whomever they chose.

    I have done extensive research on the "shareholders" rumor and have found no evidence that there are shareholders today.

  • Rabbit
    Rabbit

    I wonder...when the officers and lawyers of the WT see..."The End coming soon"...could they vote themselves enormous salaries and benefits ? At "The End," they won't be concerned with angering or losing members.

    Being as secretive as they are...who is to say they cannot move cash & assets to offshore accounts ?

    Paranoia ? Maybe. I don't trust 'em as far as I can throw 'em. I have no doubts that perhaps even a majority of the leaders (GB, Directors, Pres., etc.) are just sincere, stupid believers in their own words. But, BILLIONS of $$$$$$$'s will always be able to turn the heads of some.

    Remember...these guys are control freaks extradonaire.

    Rabbit

  • OnTheWayOut
    OnTheWayOut
    ...when the officers and lawyers of the WT see..."The End coming soon"...could they vote themselves enormous salaries and benefits ?

    I would have to say yes. Could they move it to offshore accounts? Again- yes. This is illegal in the U.S. and that's why you do it.
    Because of this thread, I wondered if they would ever consider transferring funds to a different non-prophet org. and give themselves big salaries, right before the lawsuits overwhelm the WTS.

  • moshe
    moshe

    Reminds me of the last years of billionaire Tycoon Howard Hughes. His handlers, the doctors, lawyers amd bodyguards kept Mr.Hughes drugged and in seclusion while the insiders controlled his wealth by proxy.

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