If you study the history of the Watchtower Society it is a study of behavior which parallels and mirrors Conspiracy to defraud.
Russell assembled from here and there titillating, fear-inspiring, mysterious and outrageous ideas from the crackpot community.
He put a religious spin on this cut and paste conspiracy, added pyramidology to it and labelled mainstream Christianity as the real fraud.
He set dates, convinced people of an invisible second-coming and predicted the end of the world.
Remember, the "conspiracy" only has to sound plausible and thrilling and make everybody trustworthy sound like crooks.
Nobody ever went broke underestimating the intelligence of people.
Religious and governmental conspiracies work best when a person is willing to think the absolute worst of his fellow man.
The Watchtower Society was organized to be a business. It still is. For a long while, the Corporation ran things (in the person of whoever the President was.)
JW's are taught to look at everything as a fraud.
Once we are free of this mindset it is obviously not healthy to continue in that manner of analysis.
Facts are facts. How facts are woven into a scenario which makes you mistrust and suspect the worst about others is the key to Conspiracy theories.
The fraud conspiracies are false because they depend on good people saying nothing about horrendous acts of which they personally have knowledge.