Doesn't the Trust also contain shares in Philip Morris Companies Inc?
Who is Henrietta M. Riley
by cultswatter 23 Replies latest watchtower beliefs
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cultswatter
The following is total speculation???
With the new information that Patrick and Leo Riley might be relatives of H M Riley makes me think that H M Riley never made the Watchtower Society the beneficiary of anything.
So why does the H M Riley Trust fund give to the Watchtower Bible & Tract Society??
The WTS has taken the estates of gullable JWs for 140 years, sooner or later they would have acquired land with Oil and Gas resources.My theory is that the WTS has Oil producing land of it's own and never received any land from the Rileys. Lets say the WTS wishes to pump oil from the land it owns. They hire Riley Oil Inc.(made up name) to drill the wells and pump the oil. The WTS would then receive royalties for the oil. The WTS does not want to get paid directly from Riley Oil or it will have to pay tax.
So Riley Oil sets up a trust fund named "H M Riley TR for Watchtower Bible" then Riley OIl makes regular deposits into this trust fund, then the trustee of the fund (not related to the WTS in any way) makes charitable contributions to the WATCHTOWER BIBLE AND TRACT SOCIETY
It is a win win situation . Riley Oil does not pay taxes on the deposits because the trust fund is a charitable organization and the WTS does not have to pay taxes on the charitable contributions (how sweet is that!!) Further, the stocks that are traded in the trust fund are really a smoke screen to make the fund look legit.
So what ya think?
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LaniB
I've actually seen this mentioned before. I will try and find the link. They have shares in the tobacco company. I think the WTS gets around it by saying it gives money to them they don't control it. It's a bequest of the lady mentioned in the trust.
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AudeSapere
Could it be that they quietly had the Philip Morris stock traded for something with so much publicity about the apparent hypocracy on the net.
Kinda like when they quietly withdrew their NGO status with the United Nations??
-Aude.